A new week has started with a market correction, as all of the top 10 coins are in the red zone, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 4.8% over the last 24 hours.
On the daily chart, the price of DOGE keeps falling after a false breakout of the resistance of $0.48. If the daily bar closes near its low, the drop may continue to the $0.40 zone already this week.
DOGE is trading at $0.4402 at press time.
SHIB/USD
SHIB has followed the decline of DOGE, going down by 6.36%.
From the technical point of view, SHIB is trading similarly to DOGE. The rate is declining after a false breakout of the resistance level of $0.00003335.
If buyers cannot seize the initiative, the correction may lead to the test of the $0.000028 area soon.
SHIB is trading at $0.00003030 at press time.
