Dogecoin and Shiba Inu: Shiba Inu weekly high at 0.00002580

Dogecoin chart analysis

This morning, we saw the formation of a new weekly Dogecoin high at the 0.15931 level. Yesterday, we had good support at the 0.14500 level, after which we moved above the EMA200 moving average, reinforcing the bullish consolidation. After forming a new high, the price pulls back slightly to the 0.15560 level. We will see soon whether we remain under bearish pressure and continue to look for a new support level.

Potential lower targets are 0.15250 and 0.15000 levels. If the price of Dogecoin stabilizes at the current level, it could initiate a positive consolidation. We expect to reach the 0.16000 level and form a new weekly high. Potential higher targets are 0.16250 and 0.16500 levels.

Shiba Inu chart analysis

Yesterday’s bullish trend of the Shiba Inu continued this morning to the 0.00002581 level. With that step, we climbed to a new weekly high. After that, the price returned to 0.00002500, where we got support. From there, we initiate a positive consolidation to 0.00002555 and are getting closer to testing the previous high. Potential higher targets are the 0.00002600 and 0.00002650 levels.

We need a drop in Shiba Inu price below the 0.00002500 level for a bearish option. Thus, we descend to a new daily low, confirm that we are under pressure and lean towards the bearish side. Potential lower targets are the 0.00002450 and 0.00002400 levels. In the zone of 0.00002400, Shiba Inu could receive support in the EMA50 moving average.

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