Dogecoin and Shiba Inu: Dogecoin climbs to 0.07400
- Dogecoin price continues to consolidate sideways in the 0.07000-0.07500 range.
- Shiba Inu started this week with 0.00000842 levels.
Dogecoin chart analysis
Dogecoin price continues to consolidate sideways in the 0.07000-0.07500 range. Yesterday we saw a pullback to the 0.07100 level. The price quickly consolidated and started a recovery. This managed to push Dogecoin up to the 0.07400 level. For now, we have resistance at that level and need a break above to continue to the bullish side.
Potential higher targets are 0.07500 and 0.07600 levels. The price withdrawal to the 0.72000 level could negatively affect the further movement of Dogecoin. With a negative consolidation, we would see a descent to the previous support levels. Potential lower targets are 0.07100 and 0.07000 levels.
Shiba Inu Chart Analysis
Shiba Inu started this week with 0.00000842 levels. A strong bullish impulse pushed the price all the way to the 0.00000900 level. After that, there was a consolidation and retreat to the 0.00000870 level, where we got support and formed a new bottom there. Then Shiba is consolidating and moving into a further bullish consolidation.
We managed to climb above the 0.00000890 level and are on our way to the 0.00000900 level again. If this kind of consolidation continues, we could expect a break above and the formation of a new higher high this week.
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