Are there any coins that can rise in a bearish cryptocurrency market?
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The weekend has started with a steady decline in the market as most of the coins are in the red zone. XRP is the only exception from the rule, which is up 5.72% since yesterday.
DOGE/USD
Unlike most other coins, DOGE is back in the green zone, with an increase of 0.88% over the past 24 hours.
Despite modest growth, DOGE has been unable to return to medium-term growth. For the time being, one needs to watch the $0.1310 support level.
If the bulls fail to hold and a breakout occurs, there are high chances of seeing the meme coin rate near the $0.1 area in the next few weeks.
At press time, DOGE is trading at $0.1418.
shib/usd
SHIB could not follow DOGE’s growth with a decline of 4%.
SHIB continues to trade in a wide channel between the most liquid area at $0.00003345 and support at $0.00001704. If the rate can return to $0.0000030 and stay there, then buyers may have a chance to forfeit the initiative.
However, if the pressure continues, a decline could soon bring the rate near the $0.00020 area.
As of press time, SHIB is trading at $0.00002764.