Can the meme coins keep rising faster than the other cryptocurrencies?
|Bulls are not going to give up as all of the top 10 coins remain in the green zone.
Top coins by CoinMarketCap
DOGE/USD
DOGE is one of the biggest gainers today, rising by 8.80% over the last 24 hours.
DOGE/USD chart by TradingView
DOGE has broken the resistance level at $0.0711 on the daily chart and is trying to fix above it. If buyers can hold the gained initiative, traders can expect a continued rise next week to the area of $0.08.
However, in case of a false breakout, there are chances to the a correction.
DOGE is trading at $0.07225 at press time.
SHIB/USD
SHIB could not show the same growth as DOGE, rising by 4.74% over the previous day.
SHIB/USD chart by TradingView
The rate of SHIB is approaching the local resistance level at $0.00001297. The volume remains high, which means that this mark plays an important role in terms of further growth. If the daily candle closes near $0.000012, the breakout might happen within the next few days.
SHIB is trading at $0.00001179 at press time.
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.