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DOGE and SHIB Price Analysis for December 30

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Fri, 30/12/2022 - 15:36
DOGE and SHIB Price Analysis for December 30
Cover image via www.tradingview.com

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Bears remain more powerful than bulls as the rates of most of the coins are falling.

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Top 10 coins by CoinMarketCap

DOGE/USD

DOGE is one of the biggest losers today, going down by 5% over the last 24 hours.

DOGE/USD chart by TradingView

The price of DOGE has broken the support at $0.06921 against the increased volume. Until the rate is below it, there are high chances to see a further decline. In this case, the drop may continue to the $0.063 zone.

DOGE is trading at $0.06699 at press time.

SHIB/USD

SHIB is less of a loser than DOGE, falling by 0.29% since yesterday.

SHIB/USD chart by Trading View

The price of SHIB has once again bounced off the support level at $0.00000793, which means that bulls have power for a local bounce back.

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However, it is too early to think about the growth as the altcoin has not accumulated enough power for that. In this regard, sideways trading in the range of $0.0000080-$0.00000820 is the more likely scenario for the upcoming days.

SHIB is trading at $0.00000802 at press time.

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