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.
Even though bulls keep controlling the situation on the market, some coins have returned to the bearish trend.
DOGE/USD
The rate of DOGE is almost unchanged since yesterday, with a decline of 0.05%.
DOGE is trading in the channel between the support at $0.1065 and the resistance at $0.1350. The trading volume is low, which means that none of the sides have accumulated enough power for a further sharp move.
Denys SerhiichukHowever, if the decline continues, the rate of the meme coins can restest the $0.11 mark by the end of the week.
DOGE is trading at $0.1187 at press time.
SHIB/USD
SHIB has lost more than DOGE with a drop of 0.1%.
From the technical point of view, SHIB is trading similarly to DOGE as the sideways trading remains the more likely scenario for the upcoming days. The volatility keeps going down, which means that there are high chances to see SHIB in the area of $0.000022-$0.000024 by the end of March 2022.
SHIB is trading at $0.00002304 at press time.
Alex Dovbnya
Tomiwabold Olajide
Dan Burgin
Vladislav Sopov