Dogecoin and Shiba Inu: Shiba Inu remains above 0.00002285

  • May 15, 2024
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Dogecoin and Shiba Inu: Shiba Inu remains above 0.00002285

Dogecoin price pulled back to the 0.14440 support level this morning.
Shiba Inu price finds support this morning at the 0.00002285 level and is back above the EMA200 moving average.

Dogecoin chart analysis

Dogecoin price pulled back to the 0.14440 support level this morning. We were under a bit of pressure below the EMA200. Now we are back above, and we believe we will see a recovery by the end of the day. We are now at the 0.14930 level and on track to move above the 0.15000 level. We are riding the bullish momentum and expect to see a continuation. Potential higher targets are 0.15500 and 0.16000 levels.

We need a negative consolidation and a return below the EMA200 moving average for a bearish option. This brings us back to the bearish side and we will be under more pressure that could produce a pullback. Potential lower targets are 0.14000 and 0.135000 levels. In the zone of 0.14000, we will test the weekly open price, and it is of great importance to maintain above it if we want to see the recovery of the price of Dogecoin.

Shiba Inu chart analysis

Shiba Inu price finds support this morning at the 0.00002285 level and is back above the EMA200 moving average. We had a strong bullish impulse in the previous hour up to the 0.00002428 level. We are now in a slight pullback and looking for new support for further continuation to the bullish side. Potential higher targets are 0.00002450 and 0.00002500 levels.

We need a negative consolidation and a new pullback down to the EMA200 moving average for a bearish option. Price volatility in that zone would lead to a drop below. We can expect a new daily low to form, thereby confirming the bearish scenario. Potential lower targets are the 0.00002250 and 0.00002200 levels. An important level below is at 0.00002230 at the weekly open price. Above it, we have a higher chance of seeing a Shiba Inu recovery.

 

The post Dogecoin and Shiba Inu: Shiba Inu remains above 0.00002285 appeared first on FinanceBrokerage.

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