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Dogecoin retreats to 0.09600 and Shiba Inu to 0.00000960

Dogecoin retreats to 0.09600 and Shiba Inu to 0.00000960

Dogecoin price is retreating from yesterday’s high at 0.10645 level.
Shiba Inu price is in retreat after yesterday’s jump to 0.00001067 level.

Dogecoin chart analysis

Dogecoin price is retreating from yesterday’s high at 0.10645 level. The decline stopped at the 0.09430 level last night, and we are holding above it for now. We had an attempt to recover, but we encountered resistance in the zone around the 0.09800 level. We are again turning towards the support zone and may find ourselves in it again soon. A break below would lead to forming a new low and thus confirm the bearish option.

Potential lower targets are 0.09400 and 0.09200 levels. EMA50 moving average is in the zone around 0.09000 levels. We need a break above the resistance at the 0.09800 level for a bullish option. Then, we would have to hold above if we plan to continue the recovery. Potential higher targets are 0.10000 and 0.10200 levels.

Shiba Inu Chart Analysis

Shiba Inu price is in retreat after yesterday’s jump to 0.00001067 level. The decline continues today, with the price falling to the 0.00000960 level. The current consolidation tells us that we will see a continued pullback until the next support. Potential lower targets are the 0.00000940 and 0.00000920 levels. The EMA50 moving average is in the zone around the 0.00000900 level, where we would also test the price from the bee this week.

We need a positive consolidation and a return above the 0.00001000 level for a bullish option. Then, we need to hold on there, and form a new price bottom for the Shiba Inu. After that, we would have the opportunity to start a positive consolidation and continue the recovery. Potential higher targets are the 0.00001020 and 0.00001040 levels.

The post Dogecoin retreats to 0.09600 and Shiba Inu to 0.00000960 appeared first on FinanceBrokerage.

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