Bulls are giving bears no chance as none of the coins are in the red zone.
DOGE/USD
DOGE has followed the rise of most of the other cryptocurrencies as the rate of the meme coin has risen by 4.76%.
Despite today's rise, DOGE keeps trading in a wide channel, accumulating energy for a sharp move. Such a fact is also confirmed by declining volume.
One can consider the possibility of a midterm rise only when the rate fixes above the $0.07 mark on the daily time frame.
DOGE is trading at $0.0667 at press time.
SHIB/USD
SHIB is no exception to the rule, going up by 4.10%.
SHIB is looking better than DOGE as it is located close to the resistance level at $0.00001297 on the daily chart. If nothing crucial changes for bulls, the mentioned mark can be attained within the next few days.
SHIB is trading at $0.00001160 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Dogwifhat price pumps 5% ahead of possible Coinbase effect
Dogwifhat (WIF) price recorded an uptick on Thursday, going as far as to outperform its peers in the meme coins space. Second only to Bonk Inu (BONK), WIF token’s show of strength was not just influenced by Bitcoin (BTC) price reclaiming above $63,000.
Runes likely to have massive support after BRC-20 and Ordinals frenzy
PUPS, WZRD, and PEPE are gaining liquidity through Bitcoin Ordinals. Creator of Bitcoin’s Ordinals protocol is debuting a new fungible token standard to rival BRC-20, Runes.
Ethereum shows firm support at key level as its correlation with US indices increase
Ethereum's price continued a sideways movement on Thursday as the market still awaits a trigger. Ethereum isn't alone in this horizontal trend; several major index funds have also traded sideways.
Mango Market attacker convicted of fraud and market manipulation
Mango Market attacker Avi Eisenberg was convicted by a federal jury on Thursday for "fraudulently obtaining" funds from the Solana-based decentralized exchange (DEX). He could face up to 20 years in prison for his role in the $110 million attack.
Bitcoin: BTC’s rangebound movement leaves traders confused
Bitcoin (BTC) price has been hovering around the $70,000 psychological level for a few weeks, resulting in a rangebound movement. This development could lead to a massive liquidation on either side before a directional move is established.