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DOGE and SHIB Price Analysis for February 12

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Sat, 12/02/2022 - 16:34
DOGE and SHIB Price Analysis for February 12
Cover image via www.tradingview.com

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

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

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

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

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.

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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%.

SHIB/USD chart by Trading View
SHIB/USD chart by Trading View

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.

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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.

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