The current market exhibits a horizontal trend as certain cryptocurrencies see an upward movement in their rates, while others undergo a decline.
The value of #DOGE has experienced a marginal increase of 0.17% throughout the preceding 24-hour period.
Despite seeing a little increase in value at now, the daily chart indicates a pessimistic outlook for the rate of DOGE. The price is currently approaching the intermediate threshold of $0.06 for testing.
In the event of a breakout, there exists a considerable likelihood of an imminent challenge of the support level at $0.0556.
At the time of this report, the market price of DOGE is at $0.06095.
In contrast to DOGE, the #SHIB #cryptocurrency has experienced a decrease in value of 0.33% in the time span of one day.
From a technical perspective, the trading rate of SHIB is exhibiting similarities to DOGE , as the price is returning to the support level. If the closing price of the daily bar approaches $0.000007, there is a possibility that the cumulative energy might facilitate a more significant decline towards the $0.00000650 range.
At the time of publication, the market price of SHIB is at $0.00000718.