Dogecoin retreats below 0.100 and Shiba Inu below 0.0000098

Dogecoin chart analysis

Yesterday’s Dogecoin price movement was very elusive and unpredictable. We started the day by jumping to the 0.10730 level, forming a new high there. Then, in the next hour, a terrible bearish impulse followed, and the price fell to 0.09300. We quickly started a recovery that stopped at the 0.10200 level, leading to a bearish consolidation to a new low at the 0.09106 level.

At that level, we get support and start a bullish consolidation that continues today, taking us up to the 0.09700 level. We have received additional support in the EMA50 moving average, and we hope to start a further recovery. Potential higher targets are 0.09800 and 0.09900 levels. If we fail to form a new high, the price of Dogecoin could continue to withdraw and form a new low in the zone around the 0.09000 level.

Shiba Inu chart analysis

Shiba Inu’s price made a big pullback from 0.00001067 to 0.00000915 level. The fall was stopped there, and a bullish consolidation to the 0.00000970 level was initiated. Here, we come across the EMA50 moving average and will try to hold above it to gain support and start a further recovery. Potential higher targets are 0.00000980 and 0.00000990 levels.

We need a negative consolidation and price pullback below the 0.00000950 level for a bearish option. After that, we would go back below the EMA50 moving average again, and we would be facing the previous low. Potential lower targets are the 0.00000930 and 0.00000920 levels.

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