Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06900

<div><img width="1000" height="667" src="https://www.financebrokerage.com/wp-content/uploads/2021/12/shutterstock_1977553523.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin and Dogecoin" decoding="async" loading="lazy" /></div><h1><b>Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06900</b></h1>
<ul>
<li aria-level="1">Dogecoin price encountered resistance at the 0.07000 level this morning.</li>
<li aria-level="1">This week, we see a bearish trend in Shiba Inu price from 0.00000853 levels.</li>
</ul>
<h2><b>Dogecoin chart analysis</b></h2>
<p>Dogecoin price encountered resistance at the 0.07000 level this morning. After that, we see a pullback to the 0.06900 level and the EMA50 moving average. For now, we manage to stay at that level and stop further price retreat. A break below this <a href="https://www.financebrokerage.com/the-dollar-index-could-soon-test-the-102-00-support-level/">support</a> would mean a possible further drop in the price of Dogecoin. Potential lower targets are 0.06800 and 0.06700 levels.</p>
<p>We need a positive consolidation and price return to the 0.07000 level for a bullish option. Then we need a break above and try to hold up there. With a new impulse, we would be able to start further recovery. Potential higher targets are 0.07100 and 0.07200 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-212438 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/Bk1n46Li-1024×621.jpg" alt="Dogecoin chart analysis" width="1024" height="621" /></p>
<h2><b>Shiba Inu chart analysis</b></h2>
<p>This week, we see a bearish trend in Shiba Inu price from 0.00000853 levels. On Saturday, the price rose to that level where it formed a new high, and after that, we see the beginning of a pullback. Yesterday, the price fell to 0.00000760 and formed this week’s low. For a bearish option, we need a continuation of the negative consolidation and a drop below the 0.00000760 level.</p>
<p>Potential lower targets are the 0.00000750 and 0.00000740 levels, last week’s support levels. We need a positive consolidation and price return above the 0.00000790 level for a bullish option. Then, we need to try to keep up there so that we can start further recovery with the next impulse. Potential higher targets are 0.00000800 and 0.00000810 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-212439 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/07/pAQmyvps-1024×621.jpg" alt="Shiba Inu Chart Analysis" width="1024" height="621" /></p>
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