As a seasoned crypto investor with a few years under my belt, I’ve seen market fluctuations like these before. The bearish pressure in the beginning of the week is nothing new, but it can still be disheartening to see the prices of DOGE and SHIB go down.
Bears are keeping the pressure on from the beginning of the week, according to CoinStats.
DOGE/USD
The price of DOGE has gone down by 0.74% over the past day.
On a daily basis, DOGE‘s rate hasn’t approached significant levels yet. As a result, trading volume has been decreasing, indicating that potential buyers have not regained enough confidence to re-enter the market.
Despite the price being under $0.15, buyers retain significant influence. Yet, should they relinquish control, a potential drop to around $0.1450 could ensue.
DOGE is trading at $0.1511 at press time.
SHIB/USD
SHIB has followed the drop of DOGE, falling by 1.84%.
On a daily basis, SHIB exhibits comparable price action to DOGE. At present, neither the bulls nor the bears hold significant control over the market. Consequently, it’s plausible that SHIB will continue trading sideways between $0.000023 and $0.000024 until the end of the week.
SHIB is trading at $0.00002402 at press time.
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- Best Goomba Characters In Mario Games, Ranked
- USD RUB PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- ETHW PREDICTION. ETHW cryptocurrency
- Destiny 2 Player Transforms Their Warlock Into Team Fortress 2’s Medic
- METIS PREDICTION. METIS cryptocurrency
2024-05-20 16:50