Even though bulls keep controlling the situation on the market, some coins have returned to the bearish trend.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE is almost unchanged since yesterday, with a decline of 0.05%.
DOGE/USD chart by TradingView
DOGE is trading in the channel between the support at $0.1065 and the resistance at $0.1350. The trading volume is low, which means that none of the sides have accumulated enough power for a further sharp move.
However, if the decline continues, the rate of the meme coins can restest the $0.11 mark by the end of the week.
DOGE is trading at $0.1187 at press time.
SHIB/USD
SHIB has lost more than DOGE with a drop of 0.1%.
SHIB/USD chart by Trading View
From the technical point of view, SHIB is trading similarly to DOGE as the sideways trading remains the more likely scenario for the upcoming days. The volatility keeps going down, which means that there are high chances to see SHIB in the area of $0.000022-$0.000024 by the end of March 2022.
SHIB is trading at $0.00002304 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Polygon joins forces with WSPN to expand stablecoin adoption
WSPN, a stablecoin infrastructure company based in Singapore, has teamed up with Polygon Labs to make its stablecoin, WUSD, more useful in payment and decentralized finance.
Coinbase envisages listing of more meme coins amid regulatory optimism
Donald Trump's expected return to the White House creates excitement in the cryptocurrency sector, especially at Coinbase, the largest US-based crypto exchange. The platform is optimistic that the new administration will focus on regulatory clarity, which could lead to more token listings, including popular meme coins.
Cardano's ADA leaps to 2.5-year high of 90 cents as whale holdings exceed $12B
As Bitcoin (BTC) gets closer to the $100,000 mark for the first time — it crossed $99,000 earlier Friday — capital is rotating into alternative cryptocurrencies, creating a buzz in the broader crypto market.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: Rally expected to continue as BTC nears $100K
Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.