Original U.Today article

DOGE and SHIB Price Analysis for February 12

Sat, 02/12/2022 - 16:34

How long is the current market decline going to last for?

DOGE and SHIB Price Analysis for February 12

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Bears have continued their pressure at the weekend as well because all major coins keep trading in the red zone.

DOGE/USD

DOGE has followed the overall decline of the market, going down by 6.71 percent.

DOGE has come back to the bearish zone after the breakout of the $0.1506 level. Until bulls fix above it, sellers keep controlling the situation on the market.

BTC, ETH, BNB, LUNA, SOL, AVAX and DOT Price Analysis for February 10

If the pressure continues, the drop may lead price rate of the meme coin to a support at $0.1310.

DOGE is trading at $0.1423 at press time.

SHIB/USD

SHIB is a more of a loser at the moment than DOGE as its decline has accounted for 8.41%.

After the failed attempt to fix in the $0.000030 area, bears have continued pushing the coin's price stronger against the declining trading volume.

BTC, XRP, ADA and BNB Price Analysis for February 9

In this case, the more likely scenario is a test of the mirror level at $0.000024 shortly.

SHIB token is trading at $0.00002842 at press time.

#Dogecoin Price Prediction #Shiba Inu (SHIB) Price Prediction #Meme Cryptocurrencies

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.