Analysis of DOGE and SHIB Price Trends on June 15
Despite a brief period of bullish activity, many cryptocurrency coins are experiencing a decline and are back in the red zone. One such coin is DOGE, which has seen a 1% decrease in price over the last 24 hours. However, it is worth noting that the price of DOGE has bounced off the interim support level at $0.06 and traders should be watching for the bar closure. If it occurs without long wicks and near the $0.062 mark, it could indicate enough accumulated energy for a resistance breakout at $0.06253. This scenario is expected to be relevant until the end of the week, and DOGE is currently trading at $0.0612.
Another coin experiencing a larger decline is SHIB, which has gone down by 3.81%. On the daily time frame, SHIB appears less positive compared to DOGE. If the decline continues to the $0.00000640 mark, it is likely that there will be a correction and a test of the support level at $0.00000543 within the next few days. At present, SHIB is trading at $0.00000661.
It is important to note that the opinions expressed in this content are not investment advice but are provided for informational purposes only. Investing in cryptocurrencies and trading always involves risks, and individuals should conduct their own research before making any investment decisions. It is not recommended to invest money that one cannot afford to lose.