DOGE and SHIB Price Prediction for December 9
12/09/2024 22:26
How long can decline of DOGE and SHIB last?
Original U.Today article
How long can decline of DOGE and SHIB last?
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A new week has started with a market correction, as all of the top 10 coins are in the red zone, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 4.8% over the last 24 hours.
On the daily chart, the price of DOGE keeps falling after a false breakout of the resistance of $0.48. If the daily bar closes near its low, the drop may continue to the $0.40 zone already this week.
DOGE is trading at $0.4402 at press time.
SHIB/USD
SHIB has followed the decline of DOGE, going down by 6.36%.
From the technical point of view, SHIB is trading similarly to DOGE. The rate is declining after a false breakout of the resistance level of $0.00003335.
Related
If buyers cannot seize the initiative, the correction may lead to the test of the $0.000028 area soon.
SHIB is trading at $0.00003030 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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