By Dogecoin and Shiba Inu: September Targets & Prices
- On Sunday, the Dogecoin price rose to 0.11049, a new weekly high
- The Shiba Inu price rose to 0.00001508 on Sunday, setting a new September high
Dogecoin chart analysis
On Sunday, the Dogecoin price rose to 0.11049, a new weekly high. Soon after, the price began a pullback down to 0.10500 and the EMA 200 moving average. We got that new support, from which started the bullish consolidation on Monday to the 0.10900 level. After that, Dogecoin took a step to new support at 0.10600 and formed a new bottom there.
On Tuesday, we see the initiation of bullish consolidation and a return to the weekly high at 0.10900. We have support from the EMA 50 moving average and hope for further growth to the bullish side. Potential higher targets are 0.11000 and 0.11100 levels. For a bearish option, we need a negative consolidation of Dogecoin down to the weekly open price. This is where we would test this week’s support zone. A break below adds bearish momentum to continue the pullback. Potential lower targets are 0.10500 and 0.10400 levels.
Shiba Inu chart analysis
The Shiba Inu price rose to 0.00001508 on Sunday, setting a new September high. After that, there was a stop at that level, and a pullback was initiated to the 0.00001420 support level. On Monday, the price recovered again, this time to the 0.00001485 level. We could not continue further, and the Shiba Inu returned to support at the 0.00001430 level.
The support zone looks stable, and the price is moving with a new bullish consolidation to the 0.00001470 level. With the support of the EMA 50 moving average, we expect to continue further recovery. Potential higher targets are the 0.00001500 and 0.00001520 levels. For a bearish option, we need a negative consolidation and a return to this week’s support zone. This time, we expect a break below and the formation of a new weekly low. Potential lower targets are the 0.00001420 and 0.00001400 levels.
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