Dogecoin and Shiba Inu: Doge jumps to a new high at 0.07720
The price of Dogecoin managed to jump to the 0.7720 level yesterday with a bullish impulse.
This morning, the Shiba Inu price jumped to a new high at the 0.0000871 level.
Dogecoin chart analysis
The price of Dogecoin managed to jump to the 0.7720 level yesterday with a bullish impulse. This was followed by a pullback to the 0.07500 level, where we got support and started a bullish consolidation that brought us back to the 0.07700 level.
For now, we encounter resistance at that level, pull back to the 0.07600 level, and expect to find new support here. A break below would drop us to a retest of previous support at the 0.07500 level.
Increased pressure in that zone would have a negative impact on Dogecoin, bringing it down to lower levels. Potential lower targets are 0.07400 and 0.07300 levels. For a bullish option, we need a positive consolidation and a jump to the 0.07750 level.
Thus, we would break above the previous high price of Dogecoin. Potential higher targets are 0.07800 and 0.07900 levels.
Shiba Inu Chart Analysis
This morning, the Shiba Inu price jumped to a new high at the 0.0000871 level. After that, we see a slight pullback and consolidation above the 0.0000855 level. We are now trying to gain support at that level and continue to the bullish side.
For such a thing, we need a positive consolidation and a break above the 0.0000870 level. Potential higher targets are 0.0000875 and 0.0000880 levels.
For a bearish option, we need a negative consolidation and a drop in Shiba Inu price below the 0.0000855 support level. After that, we should see continued pullbacks and testing of previous bearish levels. Potential lower targets are the 0.0000850 and 0.0000845 levels.
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