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.
The market is trading sideways as the rates of some coins are rising, while others are falling.
DOGE/USD
The price of DOGE has risen by 0.17% over the previous 24 hours.
Despite today's slight rise, the rate of DOGE is looking bearish on the daily chart. The price is on its way to testing the interim level of $0.06.
Denys SerhiichukIf the breakout of it happens, there is a high probability of seeing a test of the support of $0.0556 soon.
DOGE is trading at $0.06095 at press time.
SHIB/USD
Unlike DOGE, the rate of SHIB has declined by 0.33% since yesterday.
From the technical point of view, the rate of SHIB is trading similarly to DOGE as the price is coming back to the support level. If the daily bar closes near $0.000007, the accumulated energy might be enough for a more profound drop to the $0.00000650 zone.
SHIB is trading at $0.00000718 at press time.
Alex Dovbnya
Arman Shirinyan
Vladislav Sopov
Dan Burgin