Investment Tips 23-05-2023 15:28 23 Views

Dogecoin and Shiba Inu: Dogecoin climbs to 0.07400

Bitcoin and Dogecoin

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. P

otential 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.

Dogecoin chart analysis

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.

Shiba Inu Chart Analysis

 

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