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.
Bulls could not withstand bears' pressure this week as all of the top 10 coins keep trading in the red zone.
DOGE/USD
DOGE has followed the drop of Bitcoin (BTC), falling by 1.51% over the past 24 hours.
Analyzing the daily chart, DOGE is returning back to the blue level at $0.1220.
Denys SerhiichukIf nothing changes and the selling volume goes up, traders can expect a breakout and further downward move to the $0.1150 mark soon.
DOGE is trading at $0.1255 at press time.
SHIB/USD
SHIB has lost more than DOGE, going down by 4.63% since yesterday, while the drop over the last seven days has reached almost 10%.
From the technical point of view, SHIB is also coming back to its support level at $0.00001695. Respectively, the upcoming week is also likely to be bearish for the meme coin. However, if buyers can return the rate above $0.000020, a correction may occur.
SHIB is trading at $0.00001883 at press time.
Arman Shirinyan
Yuri Molchan
Vladislav Sopov
Dan Burgin