The cryptocurrency market has seen significant activity in both meme coins and other major cryptocurrencies.
First 2 Traded Meme Coins:
1. Dogecoin ($DOGE)
First 2 Traded Non-Meme:
1. Bitcoin ($BTC)
2. Ethereum (ETH)
Currently trading at $0.3323, DOGE has experienced a slight increase of approximately 0.80% from the previous close. The day's trading range spans from a low of $0.3179 to a high of $0.3342.
Technical indicators suggest that DOGE is encountering resistance around the $0.3350 level, which aligns with the 50-day simple moving average (SMA). The relative strength index (RSI) is hovering near 55, indicating a neutral to mildly bullish sentiment. A decisive shift above the $0.3350 resistance could pave the way for a rally towards $0.3500. Conversely, failure to break this resistance may result in a pullback to the support level at $0.3100.
TA:$Bitcoin ($BTC ):
Bitcoin is currently priced at $105,245, reflecting an increase of approximately 2.69% from its prior close. The intraday low and high are $101,423 and $105,581, respectively.
BTC is trading above its 20-day exponential moving average (EMA) of $101,393, indicating a bullish trend. The RSI is around 60, suggesting positive momentum. Immediate resistance is observed at $109,588, and a break above this level could target $118,109. On the downside, support lies at the 50-day SMA of $99,183, and a drop below this could lead to a decline towards $90,000.
*Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments carry inherent risks, and it's essential to conduct thorough research before making any investment decisions.*
