Dogecoin and Shiba Inu: Dogecoin under pressure at 0.06800
The price of Dogecoin fell again to the 0.06700 support level last night. The Shiba Inu price continues to stumble and pull back to the 0.00000780 level.Dogecoin chart analysis
The price of Dogecoin fell again to the 0.06700 support level last night. There is still pressure on the price that could send us to the 0.06600 level. Depending on the bearish impulse, the formation of a new low will also depend. The option of forming a new lower low remains open. Potential targets are 0.06400 and 0.06300 levels. We need a positive consolidation and price stabilization above the 0.06800 level for a bullish option. After that, we could expect to see a continuation of growth, and potential higher targets are the 0.06900 and 0.07000 levels.
Shiba Inu Chart Analysis
The Shiba Inu price continues to stumble and pull back to the 0.00000780 level. Last night we were very close to touching the previous low at 0.000000774. Since then, the price started a new bullish consolidation and climbed to the 0.00000800 level. This is where we encountered resistance this morning and started a new bearish consolidation. Looking at the chart, a lower high was formed at that point, and based on that, we conclude that the price will continue on the bearish side. Potential lower targets are the 0.00000780 and 0.00000770 levels.
The post Dogecoin and Shiba Inu: Dogecoin under pressure at 0.06800 appeared first on FinanceBrokerage.
