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.
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.
Denys SerhiichukIf 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.
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.
Alex Dovbnya
Godfrey Benjamin
Vladislav Sopov
Dan Burgin