The last day of the week has turned out to be bearish for the cryptocurrency market as all of the top 10 coins are in the red zone.

Source: u.today

Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has gone down by 0.71% over the past 24 hours.

DOGE/USD chart by TradingView

After a false breakout of the zone around $0.30, DOGE has come back again to the area of the most liquidity at $0.25. The sideways trading continues. However, if sellers fix below $0.25, the drop may get DOGE to the support at $0.1940.

Such a scenario is relevant until the end of the week.

DOGE is trading at $0.2552 at press time.

SHIB/USD

SHIB has dropped even more, losing 5% of its price share since yesterday.

SHIB/USD chart by TradingView

SHIB could not rise after a false breakout of the support at $0.000050. Even though the selling volume is low, the price of the meme coin is coming back to the support, which means that there is a high chance to see a continued fall.

If that happens, SHIB may get to the next vital level at $0.00003528 soon.

SHIB is trading at $0.00005276 at press time.

17 Replies to “DOGE and SHIB Price Analysis for November 12”

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