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The crypto space is going up today! Top tokens have gained immense bullish momentum, which is propelling the space toward their interim resistance. Besides, popular meme coins are also gearing up and displaying their potential to rise well beyond their initial targets.
Dogecoin (DOGE) Price Analysis
After the recent rejection from the interim highs around $0.0947, the Dogecoin price appears to be preparing for a significant breakout. And hence, the price is closely accumulating strength by varying within a very narrow range. Besides, the volume is also trying to maintain average levels, which may further elevate back above $0.09 shortly.
The DOGE price slipped below the rising trend line and instead of reaching the lower FIB channel, the price began to consolidate finely. This indicates the price is accumulating strength and may begin with a fine price action in the coming days. The price may rise beyond $0.09 and reach the 0.38 FIB level above $0.1 soon.
Shiba Inu (SHIB) Price Analysis
Shibarium, the most anticipated Layer-2 chain, is the next big thing in the crypto space. The shibarmy has huge expectations for the event, which is speculated to trigger the SHIB price to new highs. While the date for the launch is still unknown, the collaborations with the payment processors are making a huge noise.
A leading payment processor, NOWPayments, has extended its support to the chain and announced an integration to the layer-2 chain. Besides, the SHIB price is also accumulating strength which may help it to rise high. With the next bullish action, the price is believed to soar beyond $0.000012 and later mark a jump beyond $0.000015.
In the meantime, Floki is also offering tough competition to the other meme-coins in the market. The prices have been soaring ever since the US wing of Binance listed the token on its platform. Although it appeared to be a short-term rally, the price is believed to maintain trigger a healthy upswing very soon.