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Dogecoin and Shiba Inu: Dogecoin is back above 0.18000

Dogecoin and Shiba Inu: Dogecoin is back above 0.18000

This morning, we saw a sharp jump in the Dogecoin price from 0.16600 to 0.19289. In the morning hours, the Shiba Inu price successfully consolidated in the zone around the 0.00003200 level.

Dogecoin chart analysis

This morning, we saw a sharp jump in the Dogecoin price from 0.16600 to 0.19289. After a week, we managed to break above the resistance at the 0.18500 level. Now, it is important for us to stay above that level and start further growth and recovery. A return above 0.19000 would bring us closer to this morning’s high again. A new test would have the opportunity to move Ace above and climb to a new high.

Potential higher targets are 0.19500 and 0.20000 levels. If we pull back below 0.18500, we are back in the previous movement zone and can expect further pullback. We then look at the 0.18000 level as the next potential support. If she doesn’t last, we continue below in search of better support. Potential lower targets are 0.17500 and 0.17000 levels. The EMA200 moving average is even lower in the zone around the 0.16600 level.

Shiba Inu Chart Analysis

In the morning hours, the Shiba Inu price successfully consolidated in the zone around the 0.00003200 level. This was followed by a bullish impulse and a jump to a new daily high at the 0.00003480 level. For now, we are holding below it and pulling back to support at the 0.00003350 level. We hope to initiate a new positive consolidation to the bullish side from this level. This would give us a new opportunity to test today’s high and try to break above.

Potential higher targets are 0.00003500 and 0.00003550 levels. For the bearish side, we need pullback prices below the 0.00003300 level. With that step, we turn downwards and begin the retreat. Potential lower targets are the 0.00003200 and 0.00003150 levels. Additional support for us is the EMA200 and the zone around 0.00003150 levels.

The post Dogecoin and Shiba Inu: Dogecoin is back above 0.18000 appeared first on FinanceBrokerage.

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