Can the meme coins keep rising after a bounceback?
The cryptocurrency market appears to have recovered from yesterday’s sharp drop as coins on the top 10 coin list are green again.
DOGE/USD
The rate of DOGE has bounced back much more than the other altcoins. It has risen by 4.37% over the past 24 hours.
DOGE rested on the support line at $ 0.1940 and rebounded, confirming the power of the bulls. Until the price stays above that blue line, buyers are in control.
However, if the rate fixes below it, there is a high probability to expect the continued drop to the $0.18 area shortly.
DOGE is trading at $ 0.2062 at time of publication.
SHIB/USD
SHIB is not growing as fast as DOGE with a rise of almost 3%.
SHIB continues to trade near the support line at $ 0.00003528 which is a strong area for the bulls. Yesterday, buyers rebounded; However, one has to be very careful about how the everyday ends today.
If it is near the purple line, there are high chances to see its breakout and sharp decline.
SHIB is trading at $ 0.00003934 at time of release.
