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DOGE and SHIB Price Analysis for November 6

DOGE and SHIB Price Analysis for November 6


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.

The last day of the week is likely to end bearish for most of the top 10 coins.

Top 10 coins by CoinMarketCap

DOGE/USD

DOGE has lost a lot of value today, falling by 3.34% over the last 24 hours.

DOGE/USD chart byTradingView

Despite the fall, DOGE keeps trading sideways after the false breakout of the resistance level at $0.1515. Volatility has declined at the moment, which means that the meme coin has started to accumulate power for a further big move. If buyers can hold the price above the support at $0.1112one can expect a continued rise.

DOGE is trading at $0.1240 at press time.

SHIB/USD

SHIB is looking better than DOGE as the price has risen by 0.38% over the last day.

SHIB/USD chart by TradingView

SHIB is slowly rising after the bounce back from the support level at $0.00001157. Currently, traders should focus on the vital zone of $0.000014. If the breakout of it occurs, there might be a price blast to the resistance at $0.00001519.

SHIB is trading at $0.00001265 at press time.



Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.

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