How likely is it to see the continued rise of meme coins like DOGE and SHIB? On the last day of the week, all top 10 cryptocurrencies were bullish. Details cryptocoin.com‘in.
DOGE, SHIB and BTC comments
Bitcoin (BTC) rose 2.90% last week. Despite the rise, Bitcoin (BTC) continues to trade sideways as the bulls failed to seize the initiative and bounce back to the top at $67,000. The trading volume is low, which means there are high chances of seeing BTC transactions in the $60,000-66,000 range next week. The bearish scenario makes sense if the main crypto breaks the support at $56,560 and stabilizes below it. Bitcoin was trading at $62,044 at the time of writing.
DOGE, on the other hand, showed almost the same price action as Bitcoin (BTC) this week. DOGE is neither bullish nor bearish as it continues to trade near the most liquidity zone. According to analyst Denys Serhiichuk, if the bulls bring DOGE back into the region around $0.3, the uptrend can be expected to continue. According to the analyst, increased trading volume could confirm possible growth. DOGE was trading at $0.2638 at the time of writing. Dogecoin (DOGE) price and detailed market data from here you can see.
SHIB is the main loser today. The only cryptocurrency in the top 20 list traded in the red zone. On the daily time frame, SHIB made a false exit from support at $0.00005. Currently, the coin is trading in a wide range between support and resistance. In terms of further price action, SHIB may continue to trade at the indicated levels to gain more energy, according to analyst Denys Serhiichuk. SHIB is trading at $0.00005746 at press time.
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