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 have become more powerful today as almost all coins are in the red zone.
DOGE/USD
DOGE has followed the overall market dump, going down by 5.63%.
On the daily chart, DOGE has reached the support level at $0.05628 against increased volume. At the moment, one needs to pay close attention to it as, if the candle closes below it, the fall may continue to the next crucial zone around $0.05.
Such a scenario is relevant until the end of the week.
DOGE is trading at $0.05617 at press time.
SHIB/USD
SHIB is more of a loser than DOGE with a decline of 6.85%.
Despite a sharp fall today, SHIB has not found the local bottom yet as the price has fixed below the vital level at $0.000010. If buyers cannot seize the initiative shortly, there is a high possibility to see a drop to the $0.0000085 zone within the nearest days.
SHIB is trading at $0.00000955 at press time.
Tomiwabold Olajide
Gamza Khanzadaev
Yuri Molchan
