DOGE and SHIB Price Analysis for September 20

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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 cryp­tocur­ren­cy mar­ket is try­ing to return to the bull­ish trend, accord­ing to CoinMarketCap.

Top coins by CoinMarketCap

DOGE/USD

DOGE has not fol­lowed the drop of Bit­coin (BTC), ris­ing by 1.73%.

DOGE/USD chart byTradingView

Despite the slight rise of DOGE, the price remains trad­ing near the sup­port lev­el at $0.05737, which means it is too ear­ly to think about a rever­sal. Thus, the buy­ers’ weak­ness is also con­firmed by the low volume.

All in all, the price should get back to the $0.064 zone for an upward move. Only in that case can the long sce­nario be possible.

DOGE is trad­ing at $0.0589 at press time.

SHIB/USD

Unlike DOGE, the price of SHIB has dropped by 1.76% over the last day.

SHIB/USD chart by TradingView

Accord­ing to the dai­ly chart, bears seem unlike­ly to give up as the price is slow­ly approach­ing the sup­port lev­el at $0.00001029. If the dai­ly can­dle clos­es below the $0.00001050 mark, there are high chances to see a sharp drop to the $0.0000095 zone.

SHIB is trad­ing at $0.00001076 at press time.

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