SHIB and DOGE Price Analysis for April 7

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.

Most of the coins keep going down, except for Binance Coin (BNB), whose rate has increased by 0.95%.

Track live crypto price of 10000+ coins!

Top 10 coins by CoinMarketCap
Top coins by CoinMarketCap


DOGE has faced a big price drop since yesterday as its rate has declined by 4%.

DOGE/USD chart byTradingView
DOGE/USD chart by TradingView

DOGE has come back below the $0.1537 mark, which means that bulls have lost their initiative. The fall has been accompanied by increased trading volume. In this regard, if the daily candle fixes below $0.15, there is a high possibility to see a further decrease to the middle of the channel around $0.1251. Such a scenario is relevant for the next few weeks.

Related:  Bitcoin Mining Farm - A Psychiatric Clinic - Uncovered In Moscow's Oldest Prison

DOGE is trading at $0.1422 at press time.


SHIB has faced much less decline with a drop of 1.77% over the last 24 hours.

SHIB/USD chart by TradingView
SHIB/USD chart by TradingView

From the technical point of view, SHIB is trading in the middle of the wide channel between the support at $0.00001695 and the resistance at $0.00003523. At the moment, neither bulls nor bears are dominating, which means that continued sideways trading is the more likely scenario for the upcoming days.

SHIB is trading at $0.00002454 at press time.

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: