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Even in this bearish season, some coins are doing pretty well in favor of the bulls. With these coins showing signs of massive expansion upward, market participants remain on the edge of making profits as they await reactions towards significant zones.
The reactions of Dogecoin and Shiba Inu at the $0.060 and $0.000009240 price levels, respectively, revealed the market participants’ major intentions. The build up of orders and the expansion in price also indicate that the bulls are now in the market.
Dogecoin (DOGE/USD)
Dogecoin began an upward rally in fractals in June 2022, only to get hit by both a descending trendline and the resistance at $0.090. From this point, the market dived lower for a while and ended up converging into a triangular pattern until the price broke out aggressively. The aggressive breakout was instigated by the bulls as their intent could be traced back to the bullish order block created just before the expansion. With the SMA indicator flipping bullish, DOGE/USD is expected to remain bullish except the bullish order block gets invalidated.
Dogecoin (DOGE/USD)
Current Price: $0.1038
Market Capitalization: $13.6B
Trading Volume: $4.6B
7-day Gain: 73.6%
Shiba Inu (SHIBA/USD)
The rebuff towards the $0.000007120 support in June 2022 caused a change of character to the upside. Conversely, the rebuff towards the $0.000017940 resistance in August 2022 caused a correction to the downside as the price retraced down into an oversold region. Since SHIBA/USD has already expanded out of the discount zone, the price is expected to continue upward until the resistance at $0.00007120 is broken.
Shiba Inu (SHIBA/USD)
Current Price: $0.00001214
Market Capitalization : $6.6B
Trading Volume: $1.2B
7-day Gain: 21.2%
IMPT
The IMPT currency initially had a presale, similar to many other recent cryptocurrencies. The presale for the coin was a success, raising $10 million in less than four weeks. With this, it will be simple for the Impact token to hit the $10.8 million target in the initial stage of the presale.
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