Shiba

Dogecoin

Shiba Inu

Daily

Coin

<ul class="news-points"> 
 <li>The collective market cap for meme coins dropped more than 4% over the past 24 hours.</li> 
 <li>SHIB managed to record an 8+% gain in the past 24 hours, while BONK and DOGE suffered losses.</li> 
 <li>Technical indicators for BONK, SHIB and DOGE suggest that their prices will correct soon.</li> 
</ul> 
The collective market cap for meme coins increased more than 4% over the past 24 hours, according to CoinMarketCap. This boosted the total valuation for the meme coin market to above $24.128 billion at press time. 
Throughout the past day of trading, Shiba Inu (<a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="nofollow">SHIB</a>) saw its price rise 8.82%. Meanwhile, Dogecoin (<a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="nofollow">DOGE</a>) and Bonk (<a href="https://coinmarketcap.com/currencies/bonk1/" target="_blank" rel="nofollow">BONK</a>) saw their prices drop 0.02% and 12.82% respectively. 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/OFL2oYQM5ZCtEMyWgl3_MALa6kbxJ7JudDtIXutaan4FCNf9x3GW4ROWezmnLWUXilrebD9xD_6fgdmjVvw-nhSa1lXongJxIuGZ3Ce4yo9W6TpMFOCcvlN-Vgq00ADKIdl-5rYBEZisXUqkk6mBpqI" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Daily chart for SHIB/USDT (Source: <a href="https://www.tradingview.com/x/MnqOkwjl/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
SHIB managed to break above the major resistance level at $0.00001055 over the past 24 hours. Since closing yesterday’s trading session off at $0.00001160, the meme coin has recorded a 6.72% drop in price.&nbsp; 
If SHIB is able to remain above the recently-breached $0.000001055 mark, then it may have the foundation needed to continue rising in the next few days. This could lead to the cryptocurrency attempting a challenge at the subsequent barrier at $0.0000125…
The post <a href="https://coinedition.com/doge-shib-and-bonk-likely-to-undergo-a-correction-soon/">DOGE, SHIB and BONK Likely to Undergo a Correction Soon</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

DOGE, SHIB and BONK Likely to Undergo a Correction Soon

Coin Edition

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