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The weekend has started bearish for the cryptocurrency market, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 5.41% over the last 24 hours.
On the daily chart, the price of DOGE is bearish as it is still located near the support of $0.075. If buyers fail to seize the initiative and lose the $0.08 area, there is a chance of a fall to the aforementioned level shortly.
DOGE is trading at $0.08026 at press time.
SHIB/USD
SHIB has followed the drop of DOGE, going down by 4%.
From the technical point of view, SHIB is looking better than DOGE as its price is trying to stay near the resistance level.
Denys SerhiichukHowever, bulls need to restore the rate at least to the $0.000011 zone to seize the initiative. Until it happens, sideways trading between $0.0000090-$0.000010 is the more likely scenario.
SHIB is trading at $0.0000098 at press time.
BONK/USD
BONK has lost the most value today, declining by almost 10%.
On the daily time frame, the rate of BONK is in the middle of the wide channel, which means that neither bulls nor bears are dominating. However, if today's candle closes below yesterday's bar, one can expect a fall to the $0.000010 zone.
BONK is trading at $0.00001335 at press time.
Arman Shirinyan
Tomiwabold Olajide
U.Today Editorial Team
Vladislav Sopov
Dan Burgin