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DOGE and SHIB Price Analysis for December 6

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Tue, 6/12/2022 - 21:30
DOGE and SHIB Price Analysis for December 6
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, according to the CoinMarketCap ranking.

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Top 10 coins by CoinMarketCap

DOGE/USD

DOGE is the biggest loser out of the top 10 coins, falling by 3.69%.

Top 10 coins by CoinMarketCap

Despite today's fall, there are high chances to see a further drop if buyers cannot hold the $0.10 mark. In addition, the volume keeps decreasing, which means that bulls are not ready to buy at current prices. The nearest mark where a bounce back is possible is $0.09665.

DOGE is trading at $0.09975 at press time.

SHIB/USD

SHIB is less of a loser than DOGE, going down by 1.96%.

SHIB/USD chart by Trading View

SHIB is trading sideways after the false breakout of the resistance at $0.00000967. If buyers want to get back in the game, they need to restore the price at least to the $0.0000096 mark. If that does not happen within the next few days, the fall may continue to the $0.000009 zone.

SHIB is trading at $0.00000931 at press time.

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