Are the meme coins bullish as before?
Most of the coins from the top 10 list keep rising, except for Binance Coin (BNB), whose rate has declined by 0.29% over the last day.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE is almost unchanged since yesterday. The price has risen by only 0.31%.
DOGE/USD chart by TradingView
Despite the rise, DOGE looks rather more bearish than bullish as it could not keep rising above the $0.28 mark.
If bulls cannot seize the initiative, the fall may continue to the zone of the most liquidity around $0.2457 where a reversal is possible.
DOGE is trading at $0.2597 at press time.
SHIB/USD
SHIB is looking more bullish than DOGE with a price change of +0.89% since yesterday.
SHIB/USD chart by TradingView
SHIB keeps trading near the support of $0.000050. The situation remains bullish until buyers hold the meme coin above this vital level. If bears keep pushing and make a breakout, the decline may continue to the next support area around $0.000035.
SHIB is trading at $0.00005345 at press time.
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Author
Denys Serhiichuk
U.Today
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.
