Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The market has faced a correction after a few days of continued growth.
DOGE/USD
DOGE is an exception to the rule, rocketing by 8.27% over the last 24 hours.
Even though the day has started with a drop, bulls were able to seize the initiative. At the moment, one needs to pay attention to yesterday's peak at $0.08852.
If the daily candle closes around it or even above, the growth may continue to the important resistance zone at $0.09 soon.
DOGE is trading at $0.08472 at press time.
SHIB/USD
SHIB could not keep up with the rise of DOGE, falling by 0.72%.
From the technical point of view, SHIB remains trading in a wide channel as neither bulls nor bears have accumulated enough power for a sharp move. However, if the price gets to the $0.000011 mark and fixes there, that might be a prerequisite for a midterm bull run to $0.00001150.
SHIB is trading at $0.00001091 at press time.
Dan Burgin
Tomiwabold Olajide
Godfrey Benjamin
