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A correction continues on the cryptrocurrency market, according to CoinMarketCap.
The rate of DOGE has declined by 0.57% over the past 24 hours.
Today's move of DOGE has not affected the overall technical picture on the daily chart. The situation remains rather more bearish than bullish as the price is near the support level.
If buyers cannot seize the initiative shortly, one can expect a breakout to the $0.07 zone.
DOGE is trading at $0.07864 at press time.
SHIB has lost more than DOGE, going down by 1.67%.
On the daily time frame, SHIB is trading similarly to DOGE. The rate is far from the support, which means that the altcoin needs time to accumulate energy for a further move. In this case, sideways trading in the range of $0.00000870-$0.0000090 is the more likely scenario until the end of the week.
SHIB is trading at $0.00000891 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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