The end of the week has turned out to be bullish for the cryptocurrency market.
Top coins by CoinMarketCap
DOGE/USD
DOGE could not follow most of the coins as the drop of the meme cryptocurrency has accounted for 0.92% over the last day.
DOGE/USD chart by Trading View
DOGE is trading sideways after the breakout of the $0.1251 level. Currently, the altcoin is accumulating energy for a further move based on the decreasing trading volume. All in all, one should not expect any fluctuations from DOGE soon.
In this case, trading between $0.14 and $0.15 is the more likely price action for the upcoming days.
DOGE is trading at $0.1438 at press time.
SHIB/USD
SHIB has lost less than DOGE with a drop of 0.20%.
SHIB/USD chart by TradingView
From the technical point of view, SHIB is neither bullish nor bearish as the price is in the middle of the wide channel. However, if buyers can get to $0.000026 and fix above it, the rise may lead the rate to the range of $0.000027-$0.000030 by the end of the month.
SHIB is trading at $0.00002591 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
Ethereum fees drops to lowest level since October, ETH sustains above $3,200
Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling solutions developing alternatives for users looking to transact at a lower cost.
Solana, Base and AI meme coins rally, are speculative tokens making a comeback?
Meme coins are typically considered more speculative than the rest of cryptocurrency categories. Despite the label, hedge funds and institutional investors have warmed up to meme coins this cycle.
RWA narrative could make a comeback after nearly 50% correction in CFG, ONDO, MKR
Bitcoin halving and developments in the AI sector are the key narratives this cycle. The Real World Asset (RWA) tokenization narrative gathered steam with BlackRock’s tokenized asset fund launch on Ethereum in March 2024.
These cryptocurrencies could face selling pressure according to an analyst: STRK, ENA, OMNI, JUP, ONDO
Thor Hartvigsen, investor at Heartcore Capital and a crypto analyst has identified a list of cryptocurrencies that are expected to see a massive increase in their supply. Typically, an increase in selling pressure negatively impacts an asset’s price.
Bitcoin: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.