Dogecoin Price Under Pressure: 0.07760 Low to 0.08050 High
Dogecoin price continues to move under pressure below the EMA200 moving average. Over the weekend, we watched the Shiba Inu price pull back from the 0.00000916 to 0.00000878 level.Dogecoin chart analysis
Dogecoin price continues to move under pressure below the EMA200 moving average. On Monday, we saw a bullish attempt and price jump to the 0.08050 level. After consolidation at that level, it managed to pull back and fall below 0.07950 and EMA200. We are again back on the bearish side, forming a low last night at the 0.07760 level. We get the required support and slightly recover to the 0.07850 level.
We now need to continue this positive consolidation to get back above 0.07950 and EMA200 again. Moving above gives us a new chance to move to the bullish side. Potential higher targets are 0.08000 and 0.08050 levels. Otherwise, we will be forced to pull back and test last week’s support at the 0.07728 level.
Shiba Inu chart analysis
Over the weekend, we watched the Shiba Inu price pull back from the 0.00000916 to 0.00000878 level. This low was formed on Monday morning, and the price managed to stop there and start a recovery. Bullish consolidation takes us up to the 0.00000900 level, where we encounter new resistance. We have additional pressure in that zone in the EMA200, allowing us to continue on the bearish side. Shiba Inu is forced to pull back to support at the 0.00000880 level.
Once again, we find support in the same zone and start a bullish consolidation that is still current. We are recovering to 0.00000895 levels, and with this momentum, we should retest the EMA200 and 0.00000900 levels. If we manage to move above, potential higher targets are 0.00000905 and 0.00000910 levels.
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