Dogecoin price took investors by surprise as it crashed from $0.47 to hit a low of $0.20 within minutes. The sudden bearish impulse seems to be an overblown reaction to the recent cryptocurrency ban imposed by China.
Bitcoin price dragged the entire market down with it as it slid below critical levels. A similar turn of events occurred with Ethereum price as it fell under a key psychological level. Ripple price continues to be stuck between a wide support area and a resistance level.
SHIB price has suffered an 80% correction since the all-time high of $0.000036 made on May 10. As long as the $0.00000968 support holds, Shiba Inu has an excellent chance to bounce back.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
