The new week has started bearish for most of the cryptocurrencies
According to CoinStats, the rate of DOGE has fallen by 3% over the past 24 hours. On the daily chart, the price of DOGE has broken the $0.080 zone. Until the rate is below that mark, sellers are more powerful than buyers. In this case, one can expect an ongoing drop to $0.078 soon.
SHIB has followed the drop of DOGE, going down by 2.64%. From the technical point of view, SHIB is trading similarly to DOGE, as its rate could not fix above the $0.00000946 level. If the situation does not change until the end of the day, there is a chance to see a test of the $0.0000090 zone this week. SHIB is trading at $0.00000926 at press time.
Analyst comment
Negative news. The market is bearish for DOGE and SHIB, with both experiencing a significant drop in price. Sellers currently have more power than buyers, suggesting the possibility of further decline. The analyst predicts DOGE to potentially drop to $0.078 and SHIB to test the $0.0000090 zone this week.
