The length of the dip in DOGE, SHIB, and BONK prices is unclear and relies on different factors influencing the crypto market. Market conditions, investor feelings, and external forces can affect how long the decline lasts.
Staying updated on market news, doing thorough research, and considering potential triggers that might impact these cryptocurrencies’ prices is essential for investors. Seeking advice from financial experts or analysts can also assist in making well-informed decisions during times of price fluctuations.
Cryptocurrency Market Weekend Overview: DOGE, SHIB, and BONK Prices
Top coins by CoinMarketCap
The cryptocurrency market has experienced a bearish start to the weekend, with DOGE leading the decline. In the past 24 hours, DOGE’s value has dropped by 5.41%. On the daily chart, DOGE’s price is currently near the $0.075 support, and a potential fall to this level may occur if buyers fail to secure the $0.08 area. At present, DOGE is trading at $0.08026.
DOGE/USD Image by TradingView
Following DOGE, SHIB has also witnessed a 4% decrease. Despite this, SHIB’s technical outlook appears comparatively better than DOGE, with its price attempting to remain close to the resistance level. For a bullish scenario, SHIB needs to reclaim the $0.000011 zone. Until then, it might engage in sideways trading between $0.0000090 and $0.000010. SHIB’s current trading value is $0.0000098.
SHIB/USD Image by TradingView
BONK has seen the most significant decline today, plummeting by nearly 10%. On the daily timeframe, BONK’s rate is within a wide channel, indicating a balance between bulls and bears. However, if today’s candle closes below yesterday’s bar, there’s a potential for a drop to the $0.000010 zone. Currently, BONK is trading at $0.00001335.
BONK/USD Image by TradingView
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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