TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Can FLOKI rise against the fall of DOGE and SHIB?

Can FLOKI rise against the fall of DOGE and SHIB?
Denys SerhiichukDenys SerhiichukU.Today

The market has faced a correction today as all of the top 10 coins have entered the red zone.

Chart

Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has gone down by 7.11% over the last day.

DOGE

DOGE/USD chart by TradingView

DOGE is coming closer to the vital support level at $0.1940 on the daily chart. The fall is accompanied by increased trading volume, which means that the breakout may cause a huge drop.

If that happens and the meme coin fixes below the blue line, the decrease may get DOGE to $0.15 soon.

DOGE is trading at $0.2146 at press time.

SHIB/USD

SHIB has lost even more with a decline of more than 10%.

SHIB

SHIB/USD chart by TradingView

SHIB is facing a similar price action as it is also approaching the crucial level of $0.00003528.

If bears break it, there is a good chance to see the continued decline to the zone of the most liquidity around $0.000030.

SHIB is trading at $0.00003808 at press time.

FLOKI/USD

FLOKI is not an exception to the rule as it is also going down.

FLOKI

FLOKI/USD chart by TradingView

Despite the fall, FLOKI remains trading in a wide channel. At the moment, neither bulls nor bears have seized the initiative so far. However, if sellers manage to fix below the support at $0.00013258 on the daily chart, that may be a prerequisite for a further price decline.

FLOKI is trading at $0.00016995 at press time.

Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

More from Denys Serhiichuk
Share:

Editor's Picks

XRP extends recovery as ETF inflows, futures interest stabilize

XRP extends recovery as ETF inflows, futures interest stabilize

Ripple (XRP) ticks higher, trading at $1.42 on Wednesday while building on a recently confirmed support range between $1.30 and $1.35. The token also sits above major moving averages, reinforcing the bullish outlook. However, upside could remain capped unless the psychological barriers at $1.50 and $1.70 are cleared, paving the way for an extended recovery above $2.00.
Crypto Today: Bitcoin, Ethereum, XRP regain strength as US Treasury doubles down on buybacks

Crypto Today: Bitcoin, Ethereum, XRP regain strength as US Treasury doubles down on buybacks

Bitcoin (BTC) is trending higher alongside other major cryptocurrencies on Wednesday. Ethereum (ETH) has reclaimed $2,500 as short-term support, raising the odds that the uptrend will gain momentum. Meanwhile, Ripple (XRP) shows signs of recovery, trading near $1.44 while supported by key moving averages.
Bitcoin climbs as Oil tops $100, equities drop after Iran strikes

Bitcoin climbs as Oil tops $100, equities drop after Iran strikes

Bitcoin rose as much as 1.6% since midnight UTC to $79,742 as U.S. Central Command said it destroyed five Iranian oil tankers on Tuesday night and Tehran responded with missile strikes on American bases in Jordan. Brent crude topped $100 a barrel for the first time since July. The largest cryptocurrency was recently trading near $79,000. Ether is 0.3% higher at $2,490 and XRP has added 0.4% to $1.42
Zcash breaks above 2018 highs, eyes 1600–2500 [Video]

Zcash breaks above 2018 highs, eyes 1600–2500 [Video]

We have talked extensively about the bullish outlook for Zcash (ZECUSD) over the past year, repeatedly highlighting the potential for a move back toward the 2018 highs and the $1,000 area. As anticipated, Zcash has now broken above its 2018 highs and pushed into the $1,000 region. The key question now is: how much upside remains?
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.