Dogecoin and Shiba Inu: Dogecoin bounces back above 0.06600
<div><img width="1200" height="798" src="https://www.financebrokerage.com/wp-content/uploads/2022/07/dogecoin.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="dogecoin" decoding="async" loading="lazy" /></div><h1><b>Dogecoin and Shiba Inu: Dogecoin bounces back above 0.06600</b></h1>
<ul>
<li aria-level="1">Dogecoin price managed to gain support at the 0.06450 level yesterday.</li>
<li aria-level="1">Yesterday’s pullback in the Shiba Inu price was stopped at 0.00000810.</li>
</ul>
<h2><b>Dogecoin chart analysis</b></h2>
<p>Dogecoin price managed to gain support at the 0.06450 level yesterday. From that level, the price starts another bullish consolidation and recovers to the 0.06600 level. We need a continuation of this <a href="https://www.financebrokerage.com/a-positive-day-for-bitcoin-and-ethereum/">positive</a> consolidation if we want to see further growth of Dogecoin. Today’s potential higher targets are 0.06700 and 0.06800 levels.</p>
<p>We need a negative consolidation and a new pullback below the 0.06500 level for a bearish option. Additional support at that level is the EMA50 moving average. With a break below, the pressure on the price to continue the pullback will increase. Potential lower targets are 0.06300 and 0.06200 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222496 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/JZUzO3OU-1024×619.jpg" alt="Dogecoin chart analysis" width="1024" height="619" /></p>
<h2><b>Shiba Inu chart analysis</b></h2>
<p>Yesterday’s pullback in the Shiba Inu price was stopped at 0.00000810. After that, we see a sideways consolidation with resistance at the 0.00000820 level. We need a break above and hold there in order to start a positive consolidation from there and start a further recovery. Potential higher targets are the 0.00000830 and 0.00000840 levels.</p>
<p>We need a positive consolidation and a drop below the 0.00000810 support level for a bearish option. After that, we would be in a position to test the 0.00000800 level. A break below would further increase the pressure on the price, which would lead to a further decline. Potential lower targets are the 0.00000790 and 0.00000780 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222497 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/sridcqXZ-1024×619.jpg" alt="Shiba Inu Chart Analysis" width="1024" height="619" /></p>
<p> </p>
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