ShibaDoge CryptoThe ShibaDoge crypto price is down nearly 3.46% in Intraday and currently trades close to 0.00016 USD.
The SHIBDOGE price has broken below the 20 day exponential moving average suggesting weakness over the daily chart.
The ShibaDoge crypto is on a four day losing streak and is continuing its move towards the south on Saturday. The bears seem to be strong at the moment as the price has made a breakdown below the 20 day exponential moving average.
Earlier, the SHIBDOGE crypto experienced a short term bull run in the 1st week of March 2024 and surged 130% a week. The short term gain triggered a profit booking among the short term traders and Investors and the price dropped.
The 20 day EMA acted as a dynamic support and tried to halt the further decline. The bulls could not hold more and the crypto made a breakdown after witnessing a short term consolidation near it.
Currently, the bears seem to have won the short term trend control as the price has broken below the 20 EMA. The price is headed towards the 50 day EMA at $0.000159. On the lower side, the $0.00016 is the previous breakout zone which may act as a support and try to prevent the further fall.
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