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The local bottom might not have been found, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest losers today, falling by 9.2%.
Despite today's sharp fall, the price of DOGE is about to close near the support level of $0.1064.
If a false breakout does not happen, one can expect an ongoing decline to the $0.10 zone soon.
DOGE is trading at $0.1066 at press time.
SHIB/USD
SHIB has followed the drop of DOGE, going down by 11.3%.
The rate of SHIB has already broken the support level of $0.00001519. If the price fixes below it, traders may expect a more profound drop to the $0.000012 area soon.
SHIB is trading at $0.00001459 at press time.
Dan Burgin
Alex Dovbnya