DOGE, SHIB rallies pause as prices drop by 13% – New predictions?
Dogecoin [DOGE] and Shiba Inu [SHIB] both saw more than 15% losses since the early hours of the 14th of March. This came alongside weakness for Bitcoin [BTC] whose bulls were unable to defend the $70k level.
The price action indicated that the meme coins were headed for more losses, but the long-term trend remained bullish. Yet, investors and traders could be concerned about the possibility of a lengthy consolidation phase in the coming weeks and months.
