Dogecoin and Shiba Inu: Dogecoin above the 0.07200
- The Dogecoin continues its sideways movement today in the 0.07100-0.07400 range.
- The Shiba Inu price has been in a slight bullish consolidation since Friday.
Dogecoin chart analysis
The Dogecoin continues its sideways movement today in the 0.07100-0.07400 range. This consolidation has been for almost a week. From the upper side, we have resistance in the EMA50 moving average in the zone around the 0.07300 level. We need a break above if we want to see a continuation of the recovery above the 0.07400 level.
A price stabilization around the 0.07500 level would be considered very positive, and with support in the EMA50, we could see further growth. Potential higher targets are 0.07600 and 0.07700 levels.
Shiba Inu chart analysis
The Shiba Inu price has been in a slight bullish consolidation since Friday. The price is recovering from last week’s drop to the 0.00000835 level. Since then, we have seen the formation of new higher highs. This week’s high was at the 0.00000890 level, and we need a move above if we want to confirm the further growing trend.
Potential higher targets are 0.00000900 and 0.00000910 levels. At the 0.00000900 level, additional resistance could be the EMA50 moving average.
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