Cryptocurrencies, which made an upward move over the weekend, started the new week relatively stable. Meme tokens are also currently moving with the market. Let’s take a look at the latest in popular prank coins like Shiba Inu (SHIB) and Dogecoin (DOGE).
Shiba Inu Graphics
SHIB is trading at $0.000023 as of the time of writing, and it seems that SHIB has been moving quite stable in the last 24 hours. Shiba rose as high as $0.000025 in the upward moves made over the weekend, but then experienced some pullback with the entire market.
It is currently trading as a resistance at $0.000025 for SHIB, the second largest meme token by market cap, according to analysts. We can also state that $0.000022 is also supported and Shiba is currently trading in a consolidated state. Therefore, movements in the $0.00022 and $0.000025 range could help determine the next direction for the SIHB.
Dogecoin (DOGE) Current Status
DOGE, the biggest joke coin of the market with a market value of $ 15.9 billion, is trading at $ 0.12 as of the time of writing. DOGE, which has been following a stable course like SHIB in the last 24 hours, experienced some pullback after rising to $0.125.
According to analysts, DOGE is currently trading as $0.11 support and $0.13 as resistance on the charts. Therefore, a move below $0.11 or above $0.13 is considered very important.
In addition, we witnessed a lot of meme tokens being released, especially during the rally in 2021. While some of these meme tokens have made a place for themselves, some have already disappeared. Therefore, it is of great importance for investors to be very cautious when investing in meme coin and to take action after serious research.