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Bears are back in the game as the rates of all the top 10 coins are going down.
DOGE/USD
DOGE has followed the drop of other coins, falling by 3.33%.
DOGE keeps trading sideways as neither buyers nor sellers could seize the initiative yet. If the decline continues to the $0.058 mark, there is a possibility of a sharp drop to the $0.05 area as the meme coin has accumulated enough power for it.
DOGE is trading at $0.05971 at press time.
SHIB/USD
SHIB is trading similarly to DOGE as the price has declined by 3.16% over the last day.
From the technical point of view, SHIB is trading in the middle of the channel with no bearish or bullish signals. At the moment, one needs to pay close attention to the $0.000012 mark. If the price gets there, it can generate a sharp move to the nearest resistance area at $0.000013.
SHIB is trading at $0.00001099 at press time.
Alex Dovbnya
U.Today Editorial Team
Vladislav Sopov
Dan Burgin