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DOGE, SHIB, BONK and WIF Price Analysis for February 7

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Wed, 7/02/2024 - 18:00
DOGE, SHIB, BONK and WIF Price Analysis for February 7
Cover image via www.tradingview.com

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Buyers have turned out to be more powerful than sellers, according to CoinMarketCap.

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DOGE/USD

The rate of DOGE has risen by 0.81% since yesterday.

Image by TradingView

Despite today's rise, the price of DOGE has not accumulated enough energy to rise. Until the rate is below the $0.08028 level, there is still a chance to see a correction. 

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BTC, ETH and XRP Price Analysis for February 5

Thus, the volume is low, which means that buyers are not willing to buy at the current prices.

DOGE is trading at $0.07882 at press time.

SHIB/USD

SHIB is less of a gainer than DOGE, rising by 0.13% over the last 24 hours.

Image by TradingView

On the daily chart, the price of SHIB is looking bearish as it is still located near the support level. If the bar closes below the $0.00000880 mark, the accumulated energy might be enough for a breakout, followed by a drop to the $0.00000850 area.

SHIB is trading at $0.00000889 at press time.

BONK/USD

The rate of BONK has gone up by 1.72%.

Image by TradingView

From the technical point of view, the price of BONK is on its way to testing the support level of $0.000009246. If it breaks out happens, traders may expect a sharp drop to the $0.0000080 zone soon.

BONK is trading at $0.00001004 at press time.

WIF/USD

WIF is the exception to the rule, falling by 8.27% over the last 24 hours.

Image by TradingView

On the daily chart, traders should focus on the bar's closure in terms of the support level of $0.1833. If it happens below that mark, the fall may lead to a test of the $0.16 area.

WIF is trading at $0.18012 at press time.

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