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Bears have turned out to be more powerful than bulls, according to CoinMarketCap's ranking.
DOGE/USD
DOGE is not an exception to the rule as the price has gone down by 5.63%.
The rate of DOGE keeps going down after the false breakout of the resistance level at $0.06531. The volume has increased, which means that the decline may continue. Respectively, the buyers might react if the price reaches the support at $0.058.
DOGE is trading at $0.06039 at press time.
SHIB/USD
SHIB is more of a loser than DOGE as it has dropped almost 6% since yesterday.
SHIB is trading similar to DOGE as the price is also on its way to the support level at $0.00001171 on the daily chart. However, if the candle closes near the mentioned mark, one might expect a sharp drop and a breakout from the level.
SHIB is trading at $0.00001218 at press time.
Vladislav Sopov
Dan Burgin