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Sellers have become more active at the beginning of the week, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest losers today, falling by 5.57% over the last day.
On the daily chart, the price of DOGE keeps falling after a false breakout of the resistance level of $0.1307. If the daily bar closes near its low, the fall may continue to the support of $0.1154.
Denys SerhiichukSuch a scenario is relevant until the end of the week.
DOGE is trading at $0.1197 at press time.
SHIB/USD
SHIB has followed the drop of DOGE, going down by 8.43% since yesterday.
From the technical point of view, bears are controlling the situation on the market now. However, if the false breakout of the $0.000017-$0.00001750 area happens, one can expect a bounce back to the $0.00001850 range.
SHIB is trading at $0.00001813 at press time.
Gamza Khanzadaev
Tomiwabold Olajide
Dan Burgin
Vladislav Sopov
U.Today Editorial Team