- SHIB holds strong support despite the dip, hinting at a potential comeback.
- PEPE faces resistance, but increased volume suggests buyer interest.
- DOGE surges with rising market cap and trade volume, with bullish momentum intact.
Shiba Inu’s (SHIB) bullish momentum in the previous 24 hours retraced when the resistance at the intra-day high of $0.000007247 proved too challenging to overcome. Consequently, negative momentum seized market control, plunging the price to an intra-day low of $0.000007143 before restoring support.
SHIB was trading at $0.000007187 at press time, down 0.35% from the intraday high. Despite this setback, SHIB remains resilient, hovering around the support level, suggesting the possibility of a quick comeback.
While the SHIB market cap fell by 0.35% to $4.24 billion, the 24-hour trading volume grew by 0.28% to $63.03 million, indicating more activity and interest in the token. This rise implies that there is still substantial demand for SHIB despite the recent price drop, which might contribute to a quick rebound.
SHIB/USD 24-hour price chart (source: CoinStats)
Pepe (PEPE) Analysis
Pepe (PEPE) has also had a negative trend, wi…
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