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The new week has started with sellers' dominance on the cryptocurrency market.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has declined by 1.19% over the last 24 hours.
Image by TradingView
Despite today's fall, the price of DOGE remains above the important level of $0.07547. However, the rate does not seem ready for growth yet, as not enough energy has been accumulated so far. In this regard, ongoing consolidation in the zone of $0.08 is the most likely scenario for the following week.
DOGE is trading at $0.07902 at press time.
SHIB/USD
Unlike DOGE, the rate of SHIB has risen by 1.27% since yesterday.
Image by TradingView
On the daily time frame, the rate of SHIB is on its way to testing the resistance of $0.00000878. At the moment, one should focus on the bar's closure. If buyers can hold the gained initiative until the end of the day, there is a chance of seeing a breakout, followed by a blast to the $0.000009 zone.
SHIB is trading at $0.000008553 at press time.
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov