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.
Bears keep controlling the situation on the market, according to the CoinMarketCap ranking.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has increased by 1.42% over the past 24 hours.
Image by TradingView
On the daily chart, the rate of DOGE has fixed below the $0.062 mark, which means that sellers remain more powerful than buyers.
Denys SerhiichukIf today's candle closes near the $0.061 mark, there is a high possibility of seeing an ongoing drop to the support level at $0.05975.
DOGE is trading at $0.06102 at press time.
SHIB/USD
SHIB is no exception to the rule, falling by 1%.
Image by TradingView
From the technical point of view, sellers are trying to break the $0.000007 mark. If the closure happens near that level, one can expect a drop to the $0.00000650 zone. Such a scenario is relevant until the end of the week.
SHIB is trading at $0.00000702 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin