As a seasoned crypto investor with scars from the 2017 bull run and the subsequent bear market, I’ve learned to weather the crypto storm with patience and a healthy dose of humor. This week seems to be testing my resolve once again, with bears seemingly taking over from the bulls, according to CoinStats.
According to CoinStats, bears (representing a market downturn) have demonstrated greater strength compared to bulls (representing a market uptrend) at the start of the week.
DOGE/USD
The rate of DOGE has declined by 1.52% since yesterday.
Regardless of its drop today, Dogecoin’s price appears stable in the daily market chart, with neither side showing significant control. Therefore, it seems that substantial price changes may not occur for a while as traders anticipate.
Regarding this matter, it’s possible that we might observe a contraction or tightening of prices between approximately $0.30 and $0.33 over the coming days.
DOGE is trading at $0.3139 at press time.
SHIB/USD
The price of SHIB has dropped by 1.17% over the last 24 hours.
For now, on the daily chart, the meme coin’s rate is close to the support level of approximately $0.00002107. If it breaches this level, there could be a potential drop towards the $0.000020 region. This situation might persist until the end of the current week.
SHIB is trading at $0.00002178 at press time.
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2024-12-23 17:05