DOGE, SHIB and FLOKI Price Analysis for March 18


Today bears are stronger than bulls; however, there are some exceptions to the rule. Ethereum (ETH) and Binance Coin (BNB) keep trading in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

DOGE could not withstand the fall of Bitcoin (BTC), going down by 1.61% since yesterday.

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

DOGE keeps falling after the falied attempt to fix above the $0.12 mark. The price is slowly approaching the support level at $0.1065 with no bullish signals.

If the pressure continues and the daily candle closes near $0.11, the breakout of the lower level may happen next week.

DOGE is trading at $0.1154 at press time.

SHIB/USD

SHIB has lost even more than DOGE with a price drop of almost 3%.

DOGE/USD chart by TradingView
SHIB/USD chart by Trading View

SHIB is trading in a narrow channel between the support at $0.00002071 and the resistance at $0.00002310. Even though the selling trading volume is decreasing, the price is far from the resistance.

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In the event of a decline to the psychological mark of $0.000020, the fall may lead the rate of the meme coin to the nearest support at $0.00001704.

SHIB is trading at $0.00002188 at press time.

FLOKI/USD

FLOKI is the biggest loser among other meme coins from the list. It has fallen by 3.74% over the last day.

FLOKI/USD chart by TradingView
FLOKI/USD chart by TradingView

FLOKI is trading sideways with neither bullish nor bearish signals. In terms of the mid-term point of view, one should not expect any sharp moves as the coin has not accumulated enough energy for a breakout. Respectively, trading in the range of $0.000027-$0.000030 is the more likely scenario for the second part of the month.

FLOKI is trading at $0.00002756 at press time.


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