u.today
A big correction has arrived on the cryptocurrency market, according to CoinMarketCap.
$DOGE/USD
The rate of $DOGE has dropped by 11% since yesterday.
On the daily chart, the price of $DOGE has reached the support level of $0.08380. If the bar closes below it, the meme coin will return to the bearish zone. In that case, the correction might continue to the $0.07 area.
$DOGE is trading at $0.08227 at press time.
$SHIB/USD
$SHIB has followed the dumping of other coins, going down by 15%.
The rate of $SHIB keeps declining after a failed attempt to fix above the $0.00001136 mark. From the technical point of view, bears have seized the initiative; however, the price is far from the support and resistance levels.
All in all, sideways trading in the area of $0.000008-$0.00000950 is the more likely scenario for the next few days.
$SHIB is trading at $0.00000924 at press time.
$BONK/USD
$BONK is the biggest loser today, falling by more than 20%.
The rate of $BONK has broken the support level of $0.00001238, entering the bearish zone. Until the price is below that mark, there are chances to see a further downward move. If that happens, traders may see a test of the $0.0000090 area soon.
$BONK is trading at $0.00001124 at press time.