DOGE and SHIB Price Analysis for June 15

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Bulls could not hold the initiative for long as the rates of most of the coins are back in the red zone.

Top coins by CoinMarketCap

DOGE/USD

The price of DOGE has fallen by almost 1% over the last 24 hours.

Image by TradingView

Despite today’s decline, the price of DOGE has once again bounced off the interim level at $0.06. Currently, traders should pay attention to the bar closure. If it happens with no long wicks and near the $0.062 mark, the accumulated energy should be enough for a resistance breakout at $0.06253.

Such a scenario is relevant until the end of the week.

DOGE is trading at $0.0612 at press time.

SHIB/USD

SHIB has lost more than DOGE, going down by 3.81%.

Image by TradingView

SHIB is looking less positive than DOGE on the daily time frame. If the decline continues to the $0.00000640 mark, the ongoing correction is likely to lead to the test of the support level at $0.00000543 within the next few days.

SHIB is trading at $0.00000661 at press time.