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The new week has started with the bears' dominance, according to the CoinMarketCap ranking.
DOGE/USD
The rate of DOGE has declined by 1.15% over the past 24 hours.
Today's fall has not affected the technical picture of DOGE on the daily chart. The volume has declined, which means that the price of the altcoin needs time to accumulate energy for a further sharp move.
Respectively, sideways trading in the area of $0.075-$0.08 is the more likely scenario for the current week.
DOGE is trading at $0.077 at press time.
SHIB/USD
SHIB has followed the drop of DOGE, going down by 1.16%.
Unlike DOGE, the rate of SHIB is looking more bearish than bullish as the price is located closer to the support than to the resistance. If the decline continues, one can expect a breakout, followed by a drop to the $0.0000080 area soon.
SHIB is trading at $0.00000890 at press time.
Arman Shirinyan
Alex Dovbnya
