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.
DOGE/USD
DOGE has lost a lot of value today, falling by 3.34% over the last 24 hours.
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 $0.1112, one 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 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.
