As a researcher with a background in cryptocurrencies and market analysis, I’ve been closely monitoring the trends of various digital assets over the past few days. Based on the latest data from CoinMarketCap, it appears that most coins are experiencing a rebound at the start of the weekend.
Most coins are bouncing back at the beginning of the weekend, according to CoinMarketCap.
DOGE/USD
DOGE has gained a lot of value today, rocketing by almost 14%.
On the daily chart, one should pay attention to the candle’s closure.
If it reaches a high point close by and is some distance away from the next support level at $0.1064, the price increase could persist, possibly reaching the resistance level of $0.1133 in the coming week.
DOGE is trading at $0.1091 at press time.
SHIB/USD
SHIB has followed the rise of DOGE, going up by 15.24% since yesterday.
From a technical perspective, SHIB‘s price action appears less optimistic than DOGE‘s as it has rebounded significantly from its support level. Nevertheless, if buyers successfully push the price above $0.00001550, we could see a potential advance towards the $0.000016 resistance in the near term.
SHIB is trading at $0.00001538 at press time.
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2024-07-06 20:11