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Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06500

Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06500

In the first part of the day, the Dogecoin price moved in the 0.06460-0.06500 range.
The Shiba Inu price has continued bearish consolidation since the beginning of the week. 

Dogecoin chart analysis

In the first part of the day, the Dogecoin price moved in the 0.06460-0.06500 range. The day is relatively calm, and no major oscillations are on the charts. We are in a slightly bearish trend because we are below the EMA50 moving average since July 6th.

We need a positive consolidation and growth to the 0.06550 level for a bullish option. Then we would meet the moving average again and have an opportunity to break above and continue on the bullish side. Potential higher targets are 0.06600 and 0.06650 levels.

We need a negative consolidation and a drop in the Dogecoin price below the 0.06450 level for a bearish option. This would increase bearish pressure, and the price could slide even lower. Potential lower targets are 0.06400 and 0.06350 levels.

Shiba Inu Chart Analysis

The Shiba Inu price has continued bearish consolidation since the beginning of the week. Today’s price pressure is below the EMA50 moving average and the zone around the 0.00000750 level. Yesterday we saw the formation of this week’s lower low at the 0.00000735 level.

If this consolidation continues, the Shiba Inu price could return to the previous support level. Potential lower targets are the 0.00000730 and 0.00000725 levels. We need a positive consolidation and a price jump above the 0.00000755 level for a bullish option. In this way, we would climb above the EMA50, which could strengthen the bearish scenario. Potential higher targets are the 0.00000760 and 0.00000765 levels.

The post Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06500 appeared first on FinanceBrokerage.

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