Dogecoin and Shiba Inu: Dogecoin retreats to the 0.07100
The Dogecoin price has been in a bearish trend since the beginning of the week.
The Shiba Inu price pulled back to the 0.00000845 level this morning.
Dogecoin chart analysis
The Dogecoin price has been in a bearish trend since the beginning of the week. This morning we saw a drop below support at the 0.07200 level. A new lower low was formed at the 0.07100 level. If pressure on the price continues, it could fall to the 0.07000 support level. So we would test last week’s support zone.
For a bullish option, we need a new positive consolidation and a slight correction to the 0.07200 level. Then it is necessary to maintain above that level in order to consolidate there and start the continuation of the recovery. Potential higher targets are 0.07250 and 0.07300 levels.
Shiba Inu Chart Analysis
The Shiba Inu price pulled back to the 0.00000845 level this morning. We are back in last week’s support zone. Increased pressure could lead to a breakout below and further price pullback. Potential lower targets are the 0.00000840 and 0.00000835 levels. We need a positive consolidation and a move to the 0.00000860 level for a bullish option.
Then we need to stay up there in order to start the recovery with a new impulse. Potential higher targets are 0.00000870 and 0.00000880 levels.
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