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The correction has continued on the cryptocurrency market as most of the coins are in the red zone.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has fallen by 2.79% over the last 24 hours.
Image by TradingView
On the daily chart, the rate of DOGE is on the way to the interim support level at $0.06769. If the bar closes around that mark, the breakout may lead to a price blast to the $0.065 zone.
Such a scenario is relevant until the end of the month.
DOGE is trading at $0.06845 at press time.
SHIB/USD
SHIB has also followed the decline of DOGE, going down by 1.52%.
Image by TradingView
From the technical point of view, the price of SHIB is neither bullish nor bearish as it is located far from key levels. The falling volume confirms such a statement. Overall, ongoing consolidation in the area of $0.0000075-$0.000008 is the more likely scenario for the next few days.
SHIB is trading at $0.00000771 at press time.
Alex Dovbnya
