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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.
Arman Shirinyan
Dan Burgin
Alex Dovbnya