Dogecoin and Shiba Inu: Dogecoin is holding above 0.06300

<div><img width="1000" height="667" src="https://www.financebrokerage.com/wp-content/uploads/2021/09/shutterstock_1992038288.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 is holding above 0.06300</b></h1>
<ul>
<li aria-level="1"><span>The price of Dogecoin yesterday made a breakthrough to the 0.06550 level.</span></li>
<li aria-level="1"><span>Shiba Inu’s price rose to 0.00000855 levels yesterday.</span></li>
</ul>
<h2><b>Dogecoin chart analysis</b></h2>
<p><span>The price of Dogecoin yesterday made a breakthrough to the 0.06550 level. We formed a new high for the week, but a quick pullback and withdrawal to the 0.06300 level followed. After that, we see a consolidation that manages to hold above the support zone. We need new momentum above 0.06500 to continue to the bullish side. Potential higher targets are 0.06600 and 0.06700 levels.</span></p>
<p><span>We need a negative consolidation and pullback below the 0.06200 level for a <a href="https://www.financebrokerage.com/impact-of-bearish-chinese-economic-data-on-global-oil-prices/">bearish</a> option. A fall below this level is a sign that the price is approaching a critical support zone, and a break below is confirmation of a bearish option. Potential lower targets are 0.06100 and 0.06000 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-220748" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Dogecoin-chart-analysis-4-1024×619.jpg" alt="Dogecoin chart analysis" width="1024" height="619" /></p>
<h2><b>Shiba Inu chart analysis</b></h2>
<p><span>Shiba Inu’s price rose to 0.00000855 levels yesterday. There, we encounter resistance and see a pullback to the 0.00000830 level. The pressure is now on this level, and a breakout below and pullback to previous support at the 0.00000810 level could occur. After that, we could expect to see a further price drop. Potential lower targets are the 0.00000800 and 0.000000780 levels.</span></p>
<p><span>We need a positive consolidation and a move to the 0.00000860 resistance level for a bullish option. Additional resistance in that zone is the EMA50 moving average. A price breakout above would increase bullish optimism for continued price recovery. Potential higher targets are 0.00000880 and 0.00000900 levels.</span></p>
<p><img decoding="async" loading="lazy" class="alignnone size-large wp-image-220749" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/Shiba-Inu-chart-analysis-4-1024×619.jpg" alt="Shiba Inu chart analysis" width="1024" height="619" /></p>
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