Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of YouTube. Every investment and all trading involves risk, so you should always do your own research before making a decision. We do not recommend investing money that you cannot afford to lose.
At the start of the week, most coins followed the rise of the first cryptocurrency – Bitcoin (BTC).
DOGE/USD
With a 0.13 percent drop over the past 24 hours, DOGE was unable to extend the way other coins were rising and falling.
Despite the slight downside, DOGE made a false breakout of yesterday’s low of $0.06129. Currently, the price is trying to break the local resistance level of $0.06412.
If buyers can sustain the gained momentum, the rise could test the $0.066 area before the end of the week. At press time, DOGE is trading at $0.06345.
shib/usd
Unlike DOGE, SHIB price is up 0.78% since yesterday.
From a technical point of view, 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 probability of seeing a breakout of the $0.000001268 mark. As of press time, SHIB is trading at $0.00001240.