Dogecoin and Shiba Inu: Dogecoin returns to December levels

Dogecoin chart analysis

Last night, we saw Dogecoin again above the 0.10000 level. We managed to reach the December high zone. We are stopping there and pulling back to the 0.09400 level this morning. After the new support, the price starts a bullish consolidation and climbs again to the 0.10000 level. We are testing that level for the second time in the last 24 hours. We need a stronger impulse for a breakthrough above to release from bearish pressure and proceed smoothly to further growth.

Potential higher targets are 0.10100 and 0.10200 levels. For a bearish option, we need a new pullback to support at 0.09400. with the new titration comes a new pressure that the price has no power to grow and that we will see a breakthrough below. With this, we form a new low and confirm the bearish presence. Potential lower targets are 0.09300 and 0.09200 levels.

Shiba Inu chart analysis

This morning Shiba Inu price climbed to a new February high at the 0.00001150 level. After that, the price stopped there and started a pullback to the 0.00001065 level. It finds support at that level and recovers to 0.00001120, where we pause for now. We would have to move above, if we plan to continue to the bullish side. Potential higher targets are the 0.00001140 and 0.00001160 levels.

We need a pullback below the previous support at the 0.00001065 level for a bearish option. Below, we form a new day’s low and confirm the weakness of the Shiba Inu price. After that, we expect a further pullback and testing of lower levels. Potential lower targets are 0.00001060 and 0.00001050 levels.

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