Shiba Inu （SHIB） and Dogecoin （DOGE） are seeing bearish trends, with predictions indicating potential price consolidations.
Points
- DOGE and SHIB showing bearish trends.
- DOGE trading in a $0.12 to $0.14 range.
- SHIB testing support levels, potentially dropping further.
As of July 28, Shiba Inu （SHIB） and Dogecoin （DOGE） are experiencing bearish trends. According to CoinMarketCap data, DOGE has declined by 5.72% and SHIB by 3.52% since yesterday.
DOGEUSD: Currently trading at $0.1297, DOGE is fluctuating within a narrow range of $0.12 to $0.14. The falling volume suggests neither bulls nor bears have enough momentum for a decisive move. Sideways trading is expected to continue in this range until a significant market change occurs.
SHIBUSD: Trading at $0.00001677, SHIB is on a downward trend, heading towards the support level of $0.00001592. If this support fails, the price could fall to $0.000015.
解説
- Both SHIB and DOGE are showing signs of consolidation, indicating potential for either stability or further decline depending on market conditions.
- DOGE’s trading range between $0.12 and $0.14 suggests limited volatility in the short term.
- SHIB’s downward trend towards key support levels should be closely monitored by investors for potential buying opportunities or further declines.
- Investors should be cautious and stay informed about broader market trends and indicators.