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DOGE and SHIB Price Analysis for July 11

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Tue, 11/07/2023 - 15:45
DOGE and SHIB Price Analysis for July 11
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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Buyers are back in the game, according to the CoinMarketCap ranking.

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Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has increased by 0.25% over the last 24 hours.

DOGE/USD chart by Trading View

Image by TradingView

Despite the slight growth, the rate of Bitcoin (BTC) is trading sideways as neither bulls nor bears have seized the initiative. In this regard, ongoing consolidation in the narrow range of $0.064-$0.066 is the more likely scenario until the end of the week.

DOGE is trading at $0.06490 at press time.

SHIB/USD

Unlike DOGE, the rate of SHIB has declined by 0.35% since yesterday.

SHIB/USD chart by Trading View

Image by TradingView

From a technical point of view, the price of SHIB is not ready yet for a sharp move. The nearest mark that traders should pay attention to is $0.000007.

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If the fall continues to that area, the drop may lead to the test of the $0.000006-$0.00000650 zone shortly.

SHIB is trading at $0.00000751 at press time.

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