DOGE
DOGE has seen a slight 1% dip in price over the last 24 hours. However, DOGE is still up 1.26% compared to 7 days ago. The meme coin has shown resilience even amidst recent market volatility.
While DOGE’s price action has been relatively muted lately, the crypto asset remains one of the most popular and widely-held meme coins. DOGE continues to have an enthusiastic community backing it. It will be interesting to see if the meme coin can build momentum for a rally in the coming days and weeks.
At the time of writing, DOGE is exchanging hands at $0.07608 per coin. This puts the meme cryptocurrency’s price close to its support level of $0.075.
DOGE saw some bullish momentum last week that brought its price up to $0.08. However, the meme coin has since pulled back from those highs. Its trading volume has also declined over the past few days.
Looking ahead, DOGE bulls will want to see buying volume return to lift the price back up towards its next resistance around $0.085. The meme coin’s enthusiastic community and real-world adoption remain key pillars supporting its value.
SHIB
SHIB has seen a slightly steeper decline compared to DOGE, with its price dropping 2.41% over the past 24 hours. The meme coin favorite has pulled back further from its local high of $0.000013 reached last week.
At the current price of $0.00001128, SHIB is sitting just above its support of $0.00001. Its trading volumes have also seen some decline lately.
SHIB bulls will want to see buying momentum return to prevent any further downside. The next resistance level to watch is at $0.000013, where the price had previously encountered selling pressure. SHIB remains a top meme coin choice amongst crypto investors.
While SHIB’s price has pulled back today, its broader outlook still appears more bullish than bearish. Over the past week, SHIB has seen its value increase despite the recent decline.
Currently, SHIB looks to be consolidating between support at $0.000010 and resistance at $0.000011 as it gathers momentum for its next potential move. This rangebound trading may continue over the short term absent any new catalysts.
If bullish sentiment returns, SHIB could attempt to retest overhead resistance around $0.000013. However, failure to hold above support could see prices revisit lower levels around $0.000009. SHIB remains a top meme coin pick for investors playing the crypto market’s volatility.