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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bears have turned out to be more powerful than bulls, according to CoinMarketCap’s ranking.
DOGE/USD
DOGE is not an exception to the rule as the price has gone down by 5.63%.
The rate of DOGE keeps going down after the false breakout of the resistance level at $0.06531. The volume has increased, which means that the decline may continue. Respectively, the buyers might react if the price reaches the support at $0.058.
DOGE is trading at $0.06039 at press time.
SHIB/USD
SHIB is more of a loser than DOGE as it has dropped almost 6% since yesterday.
SHIB is trading similar to DOGE as the price is also on its way to the support level at $0.00001171 on the daily chart. However, if the candle closes near the mentioned mark, one might expect a sharp drop and a breakout from the level.
SHIB is trading at $0.00001218 at press time.
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