Despite correcting some of the top 10 coins, the cryptocurrency market continues to rise and most of the assets are in the green zone.
ETH / USD
Etheruem (ETH) is the second fastest growing coin on the list, increasing 0.09% in the last 24 hours.
By analyzing the technical chart, Ethereum (ETH) could set a new high; however, he was unable to maintain the rise and made a false breakthrough. If the current day ends around the $ 4,300 mark, the decline may continue to $ 4,170, which is the recently formed mirror level.
Overall, there is a good chance of seeing a rebound as the volume of sell trading is low at the moment.
Ethereum is trading at $ 4,314 at time of publication.
DOGE / USD
DOGE is the lone loser today, down 2.47% from yesterday.
Despite today’s decline, DOGE continues to trade in a broad channel with no strong bullish or bearish signals. If today the coin cannot break above the $ 0.28 mark, the decline could continue in the more liquid area around $ 0.245 in order to gain more energy for growth.
To sum up, the bulls continue to dominate in the medium term scenario as the volume of buy transactions is high.
DOGE is trading at $ 0.277 at time of publication.
SHIB / USD
SHIB is the biggest winner today as the rate for the same coin has increased by 2%.
After a false break out of the $ 0.000088 level, SHIB is trading in a channel with support at $ 0.00005. The sell volume has declined slightly, meaning traders are building up power for another sharp move. In this case, sideways trading is the most likely scenario for the week ahead.
SHIB is trading at $ 0.00007154 at time of release.