Can FLOKI rise against the fall of DOGE and SHIB?
The market faced a correction today as all of the top 10 coins entered the red zone.
DOGE/USD
The rate of DOGE has gone down by 7.11% over the last day.
DOGE is approaching 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 coin meme settles below the blue line, the decrease could soon drop DOGE to $ 0.15.
DOGE is trading at $0.2146 at press time.
SHIB / USD
SHIB lost even more with a drop of more than 10%.
SHIB is facing a similar price action as it is also approaching the crucial level of $0.00003528.
If the bears break it, there is a good chance that you will see the continued decline towards the more liquid area around $ 0.000030.
SHIB is trading at $0.00003808 at press time.
FLOKI / USD
FLOKI is no exception to the rule since it is also in decline.
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 the sellers manage to settle below the support at $ 0.00013258 on the daily chart, this may be a prerequisite for further price decline.
FLOKI is trading at $0.00016995 at press time.
