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The cryptocurrency market might have stopped its continued drop. However, bulls have not seized the initiative yet as some coins are still trading in the red zone.
DOGE/USD
The rate of DOGE has risen by 0.55% over the last 24 hours.
On the daily chart, DOGE has fixed in the area of $0.059. While the price is above $0.058, there is a chance for local growth. At the moment, one should pay close attention to the interim resistance zone at $0.061. If the rate breaks, the accumulated energy might be enough for a rise to the $0.062 mark.
DOGE is trading at $0.05973 at press time.
SHIB/USD
SHIB could not follow the rise of DOGE, falling by almost 1% since yesterday.
From the technical point of view, SHIB is returning to the level of $0.00000971. Thus, the volume has declined, which means that buyers are not ready to be back in the game yet. If sellers' pressure continues, a breakout of the support may lead to a test of the $0.0000090 zone within the next days.
SHIB is trading at $0.00001001 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin