Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Most of the coins are in the green zone, which means that the bounce back may continue.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has risen by 0.77% over the previous 24 hours.
Image by TradingView
On the daily chart, the rate of DOGE has made a false breakout of the $0.06 zone, which means that buyers are not ready to give up so easily. In this case, one should focus on the bar's closure.
Denys SerhiichukIf it happens above yesterday's peak at $0.06170 and near the resistance at $0.06253, there is a chance to see further growth to $0.063.
DOGE is trading at $0.06181 at press time.
SHIB/USD
SHIB has gained even more than DOGE, going up by 2.81%.
Image by TradingView
From the technical point of view, SHIB is trading similarly to DOGE as the rate is trying to get to the $0.000007 zone after a false breakout of the $0.00000550 mark. If today's candle closes with no long wicks, the upward move is likely to continue.
SHIB is trading at $0.00000679 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin