TRENDING:
BoJ Interest Rate
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Can the meme coins keep up with the rise of Bitcoin (BTC)?

Can the meme coins keep up with the rise of Bitcoin (BTC)?
Denys SerhiichukDenys SerhiichukU.Today

At the beginning of the week, most of the coins followed the rise of first cryptocurrency – Bitcoin (BTC).

Chart

Top coins by CoinMarketCap

DOGE/USD

DOGE was unable to rise the way other coins did and dropped, going down by 0.13 percent over the past 24 hours.

Doge

DOGE/USD chart by TradingView

Despite the slight fall, DOGE made a false breakout of yesterday's low at $0.06129. At the moment, the price is trying to break the local resistance level at $0.06412.

If buyers can hold the gained initiative, the rise may lead to a test of the $0.066 zone before the end of the week. DOGE is trading at $0.06345 at press time.

SHIB/USD

Unlike DOGE, the SHIB price has risen by 0.78% since yesterday.

SHIB

SHIB/USD chart by TradingView

From the technical point of view, SHIB is trading similarly to DOGE as the price now is closer to the resistance level than to the support one. In this case, there is a high probability to see the breakout of the $0.00001268 mark if the candle closes near $0.00001240.

SHIB is trading at $0.00001240 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.

More from Denys Serhiichuk
Share:

Editor's Picks

Bitcoin eyes 50-day EMA breakout, Ethereum consolidates, XRP steadies

Bitcoin eyes 50-day EMA breakout, Ethereum consolidates, XRP steadies

Bitcoin, Ethereum, and Ripple trade near key technical levels on Friday as the broader cryptocurrency market pauses following last week's recovery. BTC is approaching the 50-day Exponential Moving Average while ETH continues to consolidate between two major EMAs.

Uniswap lead gains, Cardano and NEAR risk rejection at EMAs resistance

Uniswap lead gains, Cardano and NEAR risk rejection at EMAs resistance

Top altcoins Uniswap, Cardano and Near Protocol all saw gains on Thursday after a slight recovery across the crypto market. UNI rallied over 10% on Thursday, reaching a six-month high after unveiling Launches, a new feature in its Web App that aggregates tokens across launchpads that leverages the decentralized exchange as their trading infrastructure.

Aave to sunset Sonic, Aptos, zkSync, Scroll reserves, affecting $98 million in supply

Aave to sunset Sonic, Aptos, zkSync, Scroll reserves, affecting $98 million in supply

Aave is planning to sunset 75 low-activity reserves across its decentralized finance protocol as part of a broader effort to reduce operational, technical and economic risks across its network of deployments.

Strategy, Coinbase post weak Q2 earnings amid prediction market growth for the exchange

Strategy, Coinbase post weak Q2 earnings amid prediction market growth for the exchange

Strategy reported an $8.33 billion operating loss in the second quarter of 2026, according to its earnings report released Thursday. The losses were largely driven by an $8.32 billion unrealized loss on its Bitcoin holdings as the top crypto's price declined during the period. The company also reported an $8.22 billion net loss for the quarter, or $24.45 per diluted share.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.