Sellers have seized the initiative to a certain extent as some cryptocurrencies from the top 10 list are under bearish pressure.
DOGE/USD
DOGE could not follow the sharp rise of Bitcoin (BTC), and the rate of the meme coin has gone down by 2.25% over the last day.
DOGE is trading in a wide range with neither bullish nor bearish signals. After a failed attempt to fix above $0.30, the altcoin is located around the zone of $0.27.
The volume remains low, which means that sideways trading is the most likely scenario for the upcoming days.
DOGE is trading at $0.2726 at press time.
SHIB/USD
SHIB has lost even more than DOGE with a price drop of 6.82%.
Despite the sharp decline, SHIB is coming back to the support at $0.00005 after a false breakout. Such a move means buyers are too weak to keep the rise going.
In this case, sellers may fix below the support and get the meme coin back to $0.00003528 shortly.
SHIB is trading at $0.00005122 at press time.
Arman Shirinyan
Tomiwabold Olajide
Yuri Molchan