Dogecoin and Shiba Inu: Dogecoin is holding above 0.07000

<div><img width="1000" height="667" src="https://6ztkp25f.tinifycdn.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 0.07000</b></h1>
<ul>
<li aria-level="1"><span>The price of Dogecoin this morning formed a new high at the 0.07292 level. </span></li>
<li aria-level="1"><span>The Shiba Inu price this morning formed a new weekly high at the 0.00000825 level.</span></li>
</ul>
<h2><b>Dogecoin chart analysis</b></h2>
<p><span>The price of Dogecoin this morning formed a new high at the 0.07292 level. After that, we see a pullback to the 0.07000 level and a new bullish impulse that brings us back above the 0.07200 level again. We could expect to see a break above the previous high and the formation of a new one soon. Potential higher targets are 0.07400 and 0.07500 levels.</span></p>
<p><span>We need a negative consolidation and pullback below the previous support at the 0.07000 level for a bearish option. This would have the effect of increasing the <a href="https://www.financebrokerage.com/what-is-a-bearish-engulfing-candle/">bearish</a> pressure on the price and starting a deeper retreat. Potential lower targets are 0.06900 and 0.06800 levels. EMA50 is at 0.06500 level, currently far from the current position.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-235882 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/XkwJJQUt-1024×620.jpg" alt="Dogecoin chart analysis" width="1024" height="620" /></p>
<h2><b>Shiba Inu chart analysis</b></h2>
<p><span>The Shiba Inu price this morning formed a new weekly high at the 0.00000825 level. So we managed to break above yesterday’s high and form a new one. Then followed a pullback to the 0.00000790 level, where we got support and started a new bullish impulse. Currently, the resistance is at the 0.00000820 level, and we need a break above it in order to continue the rally to higher levels. </span></p>
<p><span>Potential higher targets are the 0.00000830 and 0.00000840 levels. We need a negative consolidation and a new pullback below the 0.00000790 level for a bearish option. A break below would put Shiba Inu’s price under more pressure to continue its pullback. Potential lower targets are 0.00000780 and 0.00000770 levels.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-235883 size-large" src="https://6ztkp25f.tinifycdn.com/wp-content/uploads/2023/10/b9Lv353n-1024×620.jpg" alt="Shiba Inu Chart Analysis" width="1024" height="620" /></p>
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