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Sellers have seized the initiative to a certain extent as some cryptocurrencies from the top 10 list are under bearish pressure.
DOGE could not follow the sharp rise of Bitcoin (BTC), and the rate of the meme coin has gone down by 2.25% over the last day.
DOGE is trading in a wide range with neither bullish nor bearish signals. After a failed attempt to fix above $0.30, the altcoin is located around the zone of $0.27.
The volume remains low, which means that sideways trading is the most likely scenario for the upcoming days.
DOGE is trading at $0.2726 at press time.
SHIB has lost even more than DOGE with a price drop of 6.82%.
Despite the sharp decline, SHIB is coming back to the support at $0.00005 after a false breakout. Such a move means buyers are too weak to keep the rise going.
In this case, sellers may fix below the support and get the meme coin back to $0.00003528 shortly.
SHIB is trading at $0.00005122 at press time.