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Bulls could not hold the initiative for long as the rates of most of the coins are back in the red zone.
Top coins by CoinMarketCap
DOGE/USD
The price of DOGE has fallen by almost 1% over the last 24 hours.
Image by TradingView
Despite today's decline, the price of DOGE has once again bounced off the interim level at $0.06. Currently, traders should pay attention to the bar closure. If it happens with no long wicks and near the $0.062 mark, the accumulated energy should be enough for a resistance breakout at $0.06253.
Denys SerhiichukSuch a scenario is relevant until the end of the week.
DOGE is trading at $0.0612 at press time.
SHIB/USD
SHIB has lost more than DOGE, going down by 3.81%.
Image by TradingView
SHIB is looking less positive than DOGE on the daily time frame. If the decline continues to the $0.00000640 mark, the ongoing correction is likely to lead to the test of the support level at $0.00000543 within the next few days.
SHIB is trading at $0.00000661 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team