Dogecoin and Shiba Inu: Dogecoin retreats to 0.07250 level

<div><img width="1000" height="563" src="https://www.financebrokerage.com/wp-content/uploads/2021/07/shutterstock_1969853677.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Dogecoin Forecast: The Fear Of Further Price Fall" decoding="async" loading="lazy" /></div><h1><b>Dogecoin and Shiba Inu: Dogecoin retreats to 0.07250 level</b><b></b></h1>
<ul>
<li aria-level="1">The price of Dogecoin is in a bearish trend this week, with the formation of a new low at the 0.07250 level.</li>
<li aria-level="1">The Shiba Inu price continues the bearish trend, forming a lower high at 0.00000830.</li>
</ul>
<h2><b>Dogecoin chart analysis</b></h2>
<p>The price of Dogecoin is in a bearish trend this week, with the formation of a new low at the 0.07250 level. Yesterday, the price tried to hold above 0.07400 but failed in that intention and fell below. We can now expect to see a continuation to the bearish side and a pullback to the next support. Potential lower targets are 0.07100 and 0.07000 levels.</p>
<p>We need a positive consolidation and a return to the 0.07400-0.07500 zone for a <a href="https://www.financebrokerage.com/oil-and-natural-gas-oil-remains-bullish-above-80-00/">bullish</a> option. Then, we need a break above to get rid of the bearish pressure. After that, we can expect the price to continue its recovery. Potential higher targets are 0.07600 and 0.07700 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-216711 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/L2Vulluo-1024×621.jpg" alt="Dogecoin chart analysis" width="1024" height="621" /></p>
<h2><b>Shiba Inu Chart Analysis</b></h2>
<p>The Shiba Inu price continues the bearish trend, forming a lower high at 0.00000830. From that level, we start a new pullback and fall to the 0.00000810 level. The price also made a break below the EMA50 moving average, which could increase the bearish pressure and send us to lower support levels. Potential lower targets are the 0.00000800 and 0.00000790 levels.</p>
<p>We need a positive consolidation and a return in the resistance zone at 0.00000830 for a bullish option. Then, we need a breakthrough above and an attempt to maintain ourselves there. With a new impulse, we would start further recovery. Potential higher targets are 0.00000840 and 0.00000850 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-216714 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/hSpTLDXS-1024×621.jpg" alt="Shiba Inu chart analysis" width="1024" height="621" /></p>
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