Despite the lack of liquidity, the crypto market continues to move upwards. Meanwhile, two popular analysts maintain their bullish stance on the market. According to the analyst with the pseudonym Rekt Capital, another rally awaits Dogecoin (DOGE) and Shiba Inu (SHIB).
Liquidity is low, but the market is still strong
cryptokoin.comAs you follow from , the crypto market is consolidating for further upside today. Some cryptos, such as Dogecoin and Shiba Inu, are pointing to an impending breakout rally. Popular crypto analyst Michael van de Poppe expresses his belief that the first phase of the bull cycle will turn into a good weekend for crypto enthusiasts. According to the analyst, the first phase of the bull cycle will soon be a rollercoaster. It will also result in changing dynamics of crypto trading. So he says the market did well over the weekend. He notes that the crypto market currently has low liquidity, but remains strong.
DOGE is taking all the right steps!
Crypto analyst Rekt Capital shared his prediction for Dogecoin (DOGE) and Shiba Inu (SHIB). Rekt Capital says the retest of DOGE was successful. He also states that Dogecoin has taken all the right steps to confirm a breakout from its channel.
However, lately, cryptocurrencies have been making some noise. Additionally, whale alerts are increasing with their constant activity. This becomes the center of attention with upward movements. Meanwhile, DOGE price increased by 9% in the last 24 hours. The original meme coin is currently trading at $0.80. The 24-hour low and high price are $0.073 and $0.081 respectively. Additionally, trading volume increased by 18% in the last 24 hours, indicating an increase in traders’ interest.
Next up for SHIB is $0.00001!
Shiba Inu (SHIB) rose 15% after retesting support at $0.0000080. Rekt Capital predicts an upcoming rally for SHIB. Accordingly, the meme coin price will rise above $0.00001. However, for any more upside, it must first climb above the $0.0000093 level.
Meanwhile, SHIB price rose 13% in the last 24 hours. The altcoin is currently trading at $0.0000092. The 24-hour low and high price are $0.00000815 and $0.0000095 respectively. Additionally, trading volume increased by 81% in the last 24 hours, indicating an increase in traders’ interest.
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