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Bulls could not seize the initiative on the last day of the week as most of the coins keep trading in the red zone.
DOGE/USD
DOGE is the only coin from the list whose rate is going up. The price has risen by 0.58% over the last 24 hours.
However, today's slight rise has not affected the technical position of DOGE. The rate remains close to the support level at $0.05628, which means that bears still have power.
Denys SerhiichukIf buyers want to seize the initiative, they need to bring the price back to the $0.065 zone. Thus, the volume should also start rising.
DOGE is trading at $0.059 at press time.
SHIB/USD
SHIB has gained even more than DOGE as the price has grown by 1.08%.
On the daily chart, SHIB is looking even worse than DOGE as the rate is very close to the support level at $0.00001. In addition, this is a key level for bulls. If they lose it, there is a high chance of a continued sharp drop as the meme coin has accumulated enough power for that. All in all, a breakout of the aforementioned level may lead to a test of the $0.000009 area soon.
SHIB is trading at $0.00001028 at press time.
Vladislav Sopov
Dan Burgin