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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 come back to the game, except for Solana (SOL), whose rate has risen by 0.90% over the last 24 hours.
DOGE/USD
DOGE has followed the decline of other coins, going down by 0.57%.
DOGE is trading in the middle of a wide channel, which means that today’s rise has not affected its midterm view.
Traders might start thinking about the possible rise only if the rate gets back to the $0.064 mark on the daily chart. Alternatively, there is still a possibility to see a continued decline.
DOGE is trading at $0.06057 at press time.
SHIB/USD
SHIB has lost more than DOGE with a price change of 1.88%.
SHIB is looking worse than DOGE in terms of growth as the price is trading near the support level at $0.00001171. If nothing changes, the breakout might lead to a sharp drop to the $0.000011 mark by the end of the week.
SHIB is trading at $0.00001202 at press time.
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