- Binance added the DOGE/USDC and SHIB/USDC to its Isolated margin.
- DOGE painted a bearish structure that could drive its price down to $0.16.
- The 0.786 Fib level on the SHIB/USD 4-hour chart showed that the price could pull back to $0.000024.
Dogecoin (DOGE) and Shiba Inu (SHIB) were part of the cryptocurrencies linked to a recent Binance announcement. On March 27, Binance revealed that assets including SHIB, DOGE, and others have gotten new trading pairs on the Cross and Isolated margin market.
For Dogecoin, the exchange noted that it had added the DOGE/USDC pair in the Isolated margin. The SHIB/USDC pair also appeared in the same market. This disclosure meant that traders could now access better options as the exchange tried to attract more liquidity to its platform.
However, the development might also affect the prices of SHIB and DOGE. Thus, Coin Edition looked at the potential impact on the price action.
Dogecoin (DOGE)
At press time, the price of Dogecoin did not react positively or negatively to the margin listing. According to CoinMarketCap, the coin changed hands at $0.18. This was around the same value as the last 24 hours.
The 4-hour DO…
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