DOGE and SHIB Price Analysis for February 19


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Denys Serhiichuk

Are there any coins that can rise in a bearish cryptocurrency market?

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 weekend has begun with the continued fall of the market as most of the coins are in the red zone. XRP is the only exception from the rule, rising by 5.72% since yesterday.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

Unlike most of the other coins, DOGE has come back to the green zone, going up by 0.88% over the last 24 hours.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

Despite slight growth, DOGE is unable to return to the mid-term growth. At the moment, one needs to pay close attention to the support level at $0.1310.

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If bulls fail to hold and a breakout happens, there is a high probability to see the rate of the meme coin around the zone of $0.1 within the next few weeks.

DOGE is trading at $0.1418 at press time.

SHIB/USD

SHIB could not follow the rise of DOGE, falling by 4%.

SHIB/USD chart by Trading View
SHIB/USD chart by Trading View

SHIB keeps trading in a wide channel between the zone of the most liquidity at $0.00003345 and the support level at $0.00001704. If the rate can return to $0.0000030 and stay there, buyers might have chance to seize the initiative.

However, if the pressure continues, the fall may bring the rate to the area around $0.000020 soon.

SHIB is trading at $0.00002764 at press time.

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