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.
Bears have once more seized the initiative on the last day of the week.
DOGE/USD
The rate of DOGE has declined by 2.57% over the last 24 hours.
Despite the fall, DOGE is trading in the middle of the channel between the support at $0.06088 and the resistance at $0.06412. In this case, one should not expect a sharp move as neither bulls nor bears have accumulated enough power.
Denys SerhiichukSideways trading around the $0.062 mark remains the more likely scenario for the upcoming days.
DOGE is trading at $0.06298 at press time.
SHIB/USD
SHIB has lost less than DOGE as the price has declined by 1.83%.
SHIB has made a false breakout of the resistance level at $0.00001268 on the daily chart. However, if the candle closes above this mark, there is a possibility to see a local rise to the $0.000013 mark.
SHIB is trading at $0.00001265 at press time.
Godfrey Benjamin
Yuri Molchan
Vladislav Sopov
Dan Burgin