DOGE and SHIB Price Analysis for April 27

AnalysisDOGE and SHIB Price Analysis for April 27


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.

Bears remain more powerful than bulls, controlling the situation on the cryptocurrency market.

BTC/USD chart by TradingView

DOGE/USD

DOGE is one of the biggest losers among the top 20 coins. The rate of the meme coin has dropped by 8% over the last 24 hours.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

Bears have almost absorbed the recent sharp rise, which means that buyers have not accumulated enough energy yet for a further move. If the sellers’ pressure continues and the daily candle closes around the $.01251 mark, one can expect a decline to the nearest support at $0.1065 within the next few days.

DOGE is trading at $0.1387 at press time.

SHIB/USD

Unlike DOGE, the rate of SHIB is almost unchanged, with a decline of only 0.11%.

SHIB/USD chart by TradingView
SHIB/USD chart by TradingView

Despite a slight drop, SHIB is nether bullish nor bearish as the price keeps locating in the range between the support at $0.00001695 and the resistance at $0.00003523. However, if the decline continues, the test of the support may take place next month.

SHIB is trading at $0.00002314 at press time.



Learn more

Latest news

Lessons From 22 Ashoka Social Entrepreneurs About Systems Change

With a four decades-long track record of promoting and supporting social entrepreneurship, for-profits and nonprofits alike have a...

Adani Group sheds $68B in value despite 413-page rebuttal to short seller

Billionaire Gautam Adani’s sprawling business empire has lost a stunning $68 billion in market value through Monday —...

How To Look At A Product From All Angles Before Launching

CEO & Founder @ Refocus, EdTech enthusiast, investor, mentor and marketing expert. Even a seemingly proper analysis of supply...

Flare (FLR) Maintains 17% WTD, Here Are 3 Reasons Boosting Price

Godfrey Benjamin Flare (FLR) is trading at $0.0472 after number of ecosystem updates were published FLR, the airdropped native digital...

Dow Jones Futures Fall With Fed Meeting In Sight; Tesla Stock Upgraded To Buy After 33% Surge

Dow Jones futures fell sharply Monday as the market looks to wrap up a strong January performance. The...

Must read

Lessons From 22 Ashoka Social Entrepreneurs About Systems Change

With a four decades-long track record of promoting...

Adani Group sheds $68B in value despite 413-page rebuttal to short seller

Billionaire Gautam Adani’s sprawling business empire has lost...

You might also likeRELATED
Recommended to you