Dogecoin and Shiba Inu: Dogecoin within reach of 0.07500

Dogecoin tried to start a recovery yesterday and stopped at the 0.07500 level.
Yesterday’s Shiba Inu high price was at the 0.00000930 level after the release of the US inflation news. 

Dogecoin chart analysis

Dogecoin tried to start a recovery yesterday and stopped at the 0.07500 level. The price quickly retreated to the 0.07100 level and found support there. Once again, we tried to trigger the recovery, which ended up at the 0.07400 level. After that, Dogecoin starts a new pullback and descends to the 0.07150 level.

Chances are increasing that we could see a new test of the 0.07000 level. Potential lower levels are 0.06900 and 0.09800 levels. For a bullish option, we need a positive consolidation and to stabilize around the 0.07300 level. We could start a further price increase from that place with a new impulse.

Shiba Inu Chart Analysis

Yesterday’s Shiba Inu high price was at the 0.00000930 level after the release of the US inflation news. The price then quickly stabilized around the 0.00000910 level. In the first part of the day, the price receives support above the 0.00000880 level and starts a slight recovery.

If this consolidation continues, we could climb above the 0.00000900 level. Here we could expect the price to stabilize before continuing to the bullish side.

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