Dogecoin and Shiba Inu: Doge fell to 0.06000 this morning
Dogecoin fell to a new October low this morning at the 0.06000 level. The Shiba Inu price fell below the 0.00000720 support level this morning, forming a new three-week low at the 0.00000707 level.Dogecoin chart analysis
Dogecoin fell to a new October low this morning at the 0.06000 level. We get support at that level, then see a positive consolidation and recovery to the 0.06100 level. Dogecoin has gained momentum and could push the price to higher levels. Potential higher targets are 0.06150 and 0.06200 levels. In the zone around 0.06175, we encounter the EMA50 moving average, and we will need a break above it for further continuation to the bullish side.
We need a negative consolidation and a new pullback to the 0.06000 support level for a bearish option. Below, we would be under a lot of pressure, and a breakout below and the formation of a new lower low could happen. Potential lower targets are 0.05950 and 0.05900 levels.
Shiba Inu chart analysis
The Shiba Inu price fell below the 0.00000720 support level this morning, forming a new three-week low at the 0.00000707 level. We quickly consolidated below and are now back in the zone around the 0.00000720 level. The current bullish impulse could push us further to higher levels. Potential higher targets are the 0.00000725 and 0.00000730 levels. Additional pressure in the zone around 0.00000730 level is the EMA50 moving average.
We need a negative consolidation and a retest at the 0.00000720 level for a bearish option. After that, we would again be able to test the 0.00000710 level of support. Potential lower targets are the 0.00000705 and 0.00000700 levels.
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