Dogecoin slips to 0.14000, Shiba Inu also on the retreat

Dogecoin chart analysis

Dogecoin price fell yesterday to a new seven-day low at 0.13959 level. Over the past weekend we saw a bullish consolidation to the 0.15100 level. On Sunday evening, the price initiated a pullback below the 0.15000 level. This caused us to drop to a new lower low yesterday.

After that, this morning, we had a short bullish consolidation to 0.14600, where we are forming a new daily high. In that zone, we meet the EMA50 moving average, which for now represents resistance to further progress on the bullish side.

We need a break above to get rid of the bearish pressure. Potential higher targets are 0.14800 and 0.15000 levels. We need a negative consolidation and another pullback down to the 0.14000 level for a bearish option. A new pressure on the support zone could lead to a drop below to a new weekly low. Potential lower targets are 0.13800 and 0.13600 levels.

Shiba Inu chart analysis

The Shiba Inu price fell to a new low yesterday at the 0.00002300 level. We managed to drop below last week’s low which was at 0.00002400 level. After yesterday’s decline, the price stabilized and initiated a bullish consolidation to 0.00002460, forming a new daily high there. For now, we have resistance at that level and are pulling back to the 0.00002400 support level.

If we manage to stay at this level, we will have new support for starting a bullish consolidation. Potential higher targets are the 0.00002500 and 0.00002600 levels. We could get additional pressure in the 0.00002500 zone and the EMA200 moving average. We need a negative consolidation and pullback to the 0.00002350 level for a bearish option. With that, we fell to a new daily low and returned to the previous low. Potential lower targets are the 0.00002300 and 0.00002250 levels.

The post Dogecoin slips to 0.14000, Shiba Inu also on the retreat appeared first on FinanceBrokerage.