As a seasoned cryptocurrency analyst with years of experience observing and analyzing market trends, I have seen my fair share of fluctuations in the digital currency world. Today, while examining the latest data from CoinMarketCap, I couldn’t help but notice the stark contrast between the performances of DOGE and SHIB within the top 10 list.
Certain coins on the top 10 list continue to climb in value, whereas some have slipped back into negative territory based on data from CoinMarketCap.
DOGE/USD
The rate of DOGE has risen by 3.66% over the last 24 hours.
As an analyst, I have observed that DOGE‘s price growth on the daily chart failed to sustain itself following yesterday’s bullish close. At present, it is essential to keep a watchful eye on the interim level of $0.14. Should the day’s bar finish near or above this mark, there is a possibility for the upward trend to progress towards $0.15.
DOGE is trading at $0.1386 at press time.
SHIB/USD
The price of SHIB has declined by 1.25% since yesterday.
Technically speaking, the SHIB rate hasn’t reached significant milestones yet, indicating an absence of clear leadership between buyers and sellers.
The market is currently showing no clear direction with neither buyers nor sellers taking control. Therefore, it’s likely that the price will continue to move within the range of $0.000017 to $0.000019 for the rest of the week.
SHIB is trading at $0.00001766 at press time.
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2024-07-22 19:36