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.
Bears have turned out to be more powerful than bulls as the top 10 coins are red again.
DOGE/USD
DOGE could not withstand bears' pressure, going down by 1.41%.
However, the situation has not changed crucially from the midterm point of view as the meme coin keeps trading in a wide range between the support level at $0.04978 and the resistance at $0.07759.
Denys SerhiichukSideways trading is also confirmed by low volumes on the daily chart. All in all, one should expect consolidation in the zone of $0.065-$0.07 for the next few days.
DOGE is trading at $0.06881 at press time.
SHIB/USD
SHIB has followed the drop of DOGE, falling by 1.35%.
Despite today's decline, SHIB is located near the resistance level at $0.00001297. However, buyers need the daily candle to fix above $0.00001250 so they can finally seize the initiative and restore the midterm rise.
SHIB is trading at $0.00001189 at press time.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov