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Dogecoin and Shiba Inu: Dogecoin up to 0.07850 this morning

Dogecoin and Shiba Inu: Dogecoin up to 0.07850 this morning

Dogecoin price climbed to a new July high this morning at the 0.07846 level. In the previous week, the price of Shiba Inu moved in the 0.00000760-0.00000800 range.

Dogecoin chart analysis

Dogecoin price climbed to a new July high this morning at the 0.07846 level. After that, we see the price rally stop and the pullback begin. We are now at the 0.07600 level, and a continuation of the pullback to the 0.07500 support level could be expected. If support does not last, the next support is at the 0.07400 level. Potential lower targets are 0.07300 and 0.07200 levels. Additional support in the zone around 0.07200 is in the EMA50 moving average.

For a bullish option, we need a positive consolidation and a return of the price to the zone around the 0.07800 level. Then we need a breakout above and try to stay up there. With a new impulse, we would start to continue the recovery. Potential higher targets are 0.07900 and 0.08000 levels.

Shiba Inu Chart Analysis

In the previous week, the price of Shiba Inu moved in the 0.00000760-0.00000800 range. Yesterday, we managed to consolidate at the lower level, so the price jumped to almost 0.00000790 level with a new bullish impulse. After that, we see a shorter pullback to the 0.00000780 level. And at that level, we look for support in the EMA50 moving average.

We need a positive consolidation and a break above the 0.00000790 level to continue to the bullish side. After that, we could think about the 0.00000800 level and a further continuation to go higher. Potential higher targets are the 0.00000810 and 0.00000820 levels.

We need a negative consolidation and price pullback below the 0.00000780 level for a bearish option. After that, we would have the opportunity to visit the previous support zone around the 0.00000760 level. Potential lower tares are 0.00000750 and 0.00000740 levels.

The post Dogecoin and Shiba Inu: Dogecoin up to 0.07850 this morning appeared first on FinanceBrokerage.

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