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The correction of the cryptocurrency market might not have finished yet, according to CoinStats.
DOGE/USD
DOGE is one of the biggest losers today, going down by 4.37%.
On the daily chart, the price of DOGE is neither bearish nor bullish, as it is far from the key levels. Likewise, there are low chances to expect any sharp moves.
Denys SerhiichukAll in all, ongoing sideways trading in the area of $0.082-$0.086 is the more likely scenario for the next few days.
DOGE is trading at $0.084 at press time.
SHIB/USD
The rate of SHIB has declined by 4.29% since yesterday.
The price of SHIB has once again approached the interim level of $0.09. If it breaks out, traders may witness a further decline to the nearest support zone of $0.085. Such a scenario is relevant until the end of the week.
SHIB is trading at $0.0000912 at press time.
Tomiwabold Olajide
Dan Burgin
Alex Dovbnya
Vladislav Sopov