Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
The last day of the week has turned out to be bearish for the cryptocurrency market as almost all coins are in the red zone.
DOGE/USD
DOGE has followed the drop of Bitcoin (BTC), falling by 0.54% since yesterday. However, the price change over the last week has accounted for +3.57%.
Despite the fall, DOGE keeps trading above the vital support level at $0.1390. Furthermore, the selling trading volume is going down slightly, which means that bears are running out of power.
That is why the most likely scenario is a continued rise to the resistance at $0.1537 by the end of the next week.
DOGE is trading at $0.1423 at press time.
SHIB/USD
SHIB has lost more than DOGE as the decline of the meme coins has constituted 2.40%.
SHIB cannot show the growth prospects of DOGE as it keeps trading sideways. On the other hand, the rate is coming back to the resistance at $0.00002850. The altcoin have accumulated enough energy for a further rise, which means that there is a good chance to see the breakout next week.
SHIB is trading at $0.00002643 at press time.
Source: https://u.today/shib-and-doge-price-analysis-for-april-3