Shiba Inu and DOGE reached their local support? What’s next from here

New Delhi: Week number 47 started with the correction for the cryptocurrency market. This week’s correction has led to red indexes for the top 10 digital coins. Beating all the odds, Solana has managed to rise by 2.71%.

As per Coinmarketcap.com, in the last 7 days, BTC has dropped by 7%, ETH fell down by 4.5% and BNB coin went down by 7.18%.

Talking about Dogecoin, DOGE has gone down by 3% in the last 24 hours and plunged by 8.9% in the last 7 days. The ongoing bearish pressure has made DOGE unstable as it has failed to fix above the area of the most liquidity $0.243, If this continues then sellers can get the price of Dogecoin back to the lower blue support area of $0.194.

As per experts, this scenario is applicable until the end of week 47. At this time, DOGE is trading at $0.2184

Self-claimed as DOGE KILLER Shiba Ina has shown an even worse price drop than Dogecoin. SHIB has gone down by 4.5% in the last 24 hours and 15% down in the last 7 days. With this decline, SHIB is hovering around a wide range of price support levels of $0.00003528 and resistance at $0.000050.

As per analysts, Neither bulls nor bears are dominating which has been confirmed by the low trading volume. A breakout from here can lead to any possible change which can create buyers’ or sellers’ dominance.

At this time, SHIB is is trading at $0.00004292