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 remain stronger than bulls despite the slight bounce backs of some coins.
DOGE/USD
DOGE is the biggest loser from the list today, going down by 3.80%.
On the daily chart, the rate of DOGE keeps falling from the $0.09 mark, slowly approaching the support level at $0.08471. If the closure happens near this mark, traders may see a sharp drop to the next vital zone of around $0.08.
DOGE is trading at $0.08718 at press time.
SHIB/USD
SHIB is not an exception to the rule, going down by 2.70% over the last 24 hours.
Deaspite the fall, the price of SHIB keeps locating in a wide channel, between the support at $0.00000829 and the resistance at $0.00000967. At the moment, the rate is below the interim $0.000009 level, which means that bears are trying to seize the initiative. In this case, there is a high chance to see a further fall soon.
SHIB is trading at $0.00000887 at press time.
Yuri Molchan
Dan Burgin
Alex Dovbnya
Vladislav Sopov