Disclaimer: The opinion expressed here is not investment advice – it is for informational purposes only. They do not necessarily reflect the opinion of U.Today. Every investment and trading involves risk, so you should always do your own research before making any decisions. We do not recommend investing money that you cannot afford to lose.
Earlier in the week, most coins followed the rise of the first cryptocurrency – Bitcoin (BTC).
DOGE/USD
Failing to rise like other coins, DOGE fell and declined 0.13 percent over the past 24 hours.
Despite the slight pullback, DOGE managed a false breakout of yesterday’s low of $0.06129. At the moment, the price is trying to break the local resistance level at $0.06412.
If the buyers can hold the won initiative, the move higher could lead to a test of the $0.066 zone before the end of the week. DOGE is trading at $0.06345 at press time.
SHIB/USD
Unlike DOGE, the SHIB price is up 0.78% since yesterday.
Technically, SHIB is trading similar to DOGE as the price is now closer to the resistance level than the support level.
In this case, if the candle closes near $0.00001240, there is a high possibility of a break of $0.00001268. SHIB is trading at $0.00001240 at press time.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.