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DOGE and SHIB Price Analysis for December 2

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Fri, 2/12/2022 - 13:18
DOGE and SHIB Price Analysis for December 2
Cover image via www.tradingview.com

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.

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Bears are not going to give up so easily as the rates of the coins are falling.

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Top 10 coins by CoinMarketCap

DOGE/USD

DOGE is one of the biggest losers today, declining by 4.74%.

DOGE/USD chart by TradingView

The rate of DOGE has returned to the middle of the channel after the false breakout of the resistance at $0.10799. Currently, bulls are about to lose the initiative as the rate is below the important $0.10 mark.

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If the buyers want to get back in the game, they need to fix above $0.12.

DOGE is trading at $0.09967 at press time.

SHIB/USD

SHIB is less of a loser than DOGE this time, going down by 0.12%.

SHIB/USD chart by Trading View

SHIB is looking better than DOGE on the daily chart, as the price is slowly approaching the resistance at $0.00000958. If buyers can hold above the $0.000009 zone, the energy might be enough for a blast to the $0.00001 area. Such a scenario is relevant until mid-December.

SHIB is trading at $0.00000928 at press time.

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