Here’s What’s Next For The Top 2 Meme Coins As Crypto Market Stumbles!
Release: 2024/08/12 19:49 Reading: 214
Meme Coins in the Crypto Market
Despite Bitcoin's recent decline, meme coins have experienced a significant correction. This has raised questions about the viability of investing in these assets.
Dogecoin (DOGE)
DOGE has corrected by 1.61% in the last day but has gained 32% in the past week. Its year-to-date (YTD) return stands at 19.64%.
- The Moving Average Convergence Divergence (MACD) indicates a potential bullish convergence.
- If the market remains bullish, DOGE could reach $0.12730.
- Bearish action could drive it down to $0.0780.
Shiba Inu (SHIB)
SHIB has declined by 3% in the last 24 hours. It currently trades between $0.00001413 and $0.00001331.
- The EMA 50/200-day trend is negative.
- The RSI indicator suggests uncertainty in the price action.
- A bullish market could push SHIB to $0.00002350.
- A bearish market could send it to $0.00001175.
While meme coins can offer opportunities for investors, it's important to maintain caution and conduct thorough research before making any decisions.
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