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.
The correction continues on the cryptocurrency market as the rates of most of the coins keep falling.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has fallen by 2.57% over the last 24 hours.
Image by TradingView
The rate of DOGE has continued to fall after a failed attempt to fix above the $0.08 zone. If the situation does not change, there is a high chance of seeing a further drop to the $0.07, followed by a test of the support at $0.06324. Such a scenario is relevant until the end of the week.
DOGE is trading at $0.07278 at press time.
SHIB/USD
SHIB has followed the drop of DOGE, going down by 1.88%.
Image by TradingView
On the daily chart, the price of SHIB has fixed below the important level at $0.00000935. Until the rate is below that mark, there is a high possibility of seeing a further drop to the next zone of $0.000008.
SHIB is trading at $0.0000088 at press time.
Tomiwabold Olajide
Yuri Molchan
Vladislav Sopov
Dan Burgin