Economy

Dogecoin and Shiba Inu: Doge jumps to 0.16740 this morning

Pinterest LinkedIn Tumblr

Dogecoin and Shiba Inu: Doge jumps to 0.16740 this morning

Dogecoin rose to the 0.16740 level this morning, forming a two-week high there. 
Yesterday’s bullish consolidation of the Shiba Inu price took us up to the 0.00002627 level. 

Dogecoin chart analysis

Dogecoin rose to the 0.16740 level this morning, forming a two-week high there. After that, we see a step back to support at the 0.16000 level. We are holding above and moving up to the 0.16300 level.  We are back up above the 0.16500 level with new momentum. This could trigger a new bullish momentum and influence us to test the morning high. Potential higher targets are 0.16800 and 0.17000 levels.

We need a negative consolidation and pullback below the 0.16000 level for a bearish option. With that, we go to a new daily low and move away from the bullish path. Potential lower targets are 0.15800 and 0.15600 levels. Additional support in the 0.15600 zone is the EMA50 moving average, while the EMA200 is in the 0.15200 zone.

 

Shiba Inu chart analysis

Yesterday’s bullish consolidation of the Shiba Inu price took us up to the 0.00002627 level. The price consolidated at the weekly open value in the first part of the day. There, we got support in the EMA200 moving average, which pushed the positive consolidation. A weekly high has been formed, and we hope that it will pull Shiba Inu to start further growth. Potential higher targets are 0.00002650 and 0.00002700 levels.

The price is now at the 0.00002540 level, just above the support zone of 0.002500. If we come back again and put pressure on that level, it could push the price to a new daily low. Momentum to the bearish side is strengthened and we expect a pullback to new support. Potential lower targets are the 0.00002450 and 0.00002400 levels.

 

The post Dogecoin and Shiba Inu: Doge jumps to 0.16740 this morning appeared first on FinanceBrokerage.