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Can one expect the rise of meme coins soon?

Can one expect the rise of meme coins soon?
Denys SerhiichukDenys SerhiichukU.Today

After sharp moves, the market is trading sideways today.

Chart

Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has declined over the last day, falling by 0.53%.

Doge

DOGE/USD chart by TradingView

From the technology point of view, DOGE remains trading in the middle of the wide range between the support at $0.0711 and the resistance at $0.10.

As the volume remains low, the price is likely to keep trading in the range of $0.08 and $0.09 within the next few days.

DOGE is trading at $0.0832 at press time.

SHIB/USD

SHIB has followed the decline of DOGE, going down by 0.47%.

SHIB

SHIB/USD chart by TradingView

SHIB is more bearish than DOGE as the rate is located close to the support at $0.000011. If the decline continues, there are chances to see a drop to the vital level at $0.000010 next week.

SHIB is trading at $0.00001163 at press time.

Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

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