DOGE, SHIB and BONK Price Analysis for February 3

The weekend has started with a bearish mood on the cryptocurrency market. However, there are some exceptions.

DOGE/USD

The rate of DOGE has fallen by 0.65% over the last 24 hours.

On the daily chart, the price of DOGE keeps trading sideways as neither bulls nor bears have accumulated enough energy for a sharp move.

In this case, consolidation in the range of $0.078-$0.08 is the more likely scenario for the next days.

DOGE is trading at $0.07912 at press time.

SHIB/USD

Unlike DOGE, the rate of SHIB has increased by 0.47% since yesterday.

Even though the price of SHIB has risen, buyers have not accumulated enough strength for continued growth. Bulls may start thinking about a midterm bull run only if they restore the rate above the $0.00000950 zone.

SHIB is trading at $0.00000910 at press time.

BONK/USD

The price of BONK has declined by 1% over the last day.

On the daily chart, the rate of BONK is bearish as the price is once again approaching the vital zone of $0.000010. If a breakout happens, there is a high chance of a test of the support level at $0.000009246 soon.

BONK is trading at $0.00001043 at press time.

About the author

Denys Serhiichuk