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Bears have turned out to be more powerful than bulls at the beginning of the week, according to CoinStats.
DOGE/USD
The rate of DOGE has declined by 1.52% since yesterday.
Despite today's fall, the price of DOGE is trading sideways on the daily chart. As none of the sides is dominating, traders are unlikely to see sharp moves any time soon.
Denys SerhiichukIn this regard, one may witness consolidation in the narrow range of $0.30-$0.33 within the next few days.
DOGE is trading at $0.3139 at press time.
SHIB/USD
The price of SHIB has dropped by 1.17% over the last 24 hours.
On the daily time frame, the rate of the meme coin is near the support of $0.00002107. If it breaks out, there is a possibility to see a dump to the $0.000020 area. Such a scenario is relevant until the end of the week.
SHIB is trading at $0.00002178 at press time.
Godfrey Benjamin
Dan Burgin
Alex Dovbnya