Economy 12-06-2024 11:49 7 Views

Dogecoin and Shiba Inu: Dogecoin continues to fall to 0.1350

Bitcoin and Dogecoin

Dogecoin and Shiba Inu: Dogecoin continues to fall to 0.1350

  • A new low for the price of Dogecoin was formed last night at the 0.13364 level. 
  • Last night, the Shiba Inu price dropped to a new weekly low at 0.00002104. 

Dogecoin chart analysis

A new low for the price of Dogecoin was formed last night at the 0.13364 level. After that, this morning, we had a new bearish impulse, this time to the 0.13500 level. The price finds new support and initiates a bullish consolidation, rising to the 0.14000 level. Here, we are close to the EMA50 moving average and need its support to continue to the bullish side.

Potential higher targets are 0.14500 and 0.15000 levels. Dogecoin price returned above 0.14700, we are back on the positive side above the weekly open price. We need a negative consolidation and a pullback below the daily open price for a bearish option. Thus, the price turns again to the bearish side and returns to the weekly support zone. Potential lower targets are 0.13500 and 0.13000 levels.

Dogecoin chart analysis

 

Shiba Inu chart analysis

Last night, the Shiba Inu price dropped to a new weekly low at 0.00002104. After that, this morning, we managed to get that support and start a recovery to the 0.00002230 level. Here, we come across the EMA50 moving average and need another impulse to move above. If we succeed in this, we have EMA50 support and can continue the recovery.

Potential higher targets are the 0.00002300 and 0.00002350 levels. We need a new negative consolidation and pullback below the 0.00002150 level for a bearish option. A step below brings us back to the weekly support zone. That would be the third time we put pressure on that level in two days. Potential lower targets are 0.00002100 and 0.00002050 levels.

Shiba Inu chart analysis

 

The post Dogecoin and Shiba Inu: Dogecoin continues to fall to 0.1350 appeared first on FinanceBrokerage.

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