Shiba Inu (SHIB), Dogecoin (DOGE) Push Memecoin Market Cap to $17 Billion

Dogecoin Continues To Go Up

The meme coin, which closed above $0.07 again yesterday, kept its rally up, trading at $0.071 today, marking a 4.23% rise.

Even so, this does not do much for the altcoin as it is yet to recover the losses of June’s crash and the recovery of May’s dip is not even in question right now.

However, price indicators seem to be slightly positive at the moment, which might help DOGE incline further.

The Parabolic SAR’s white dots are currently placed above the candlesticks, and the presence of an uptrend is a good sign for the altcoin.

Secondly, the MACD is still not exhibiting clear signs of either a bullish crossover or a bearish crossover, but since the indicator line (white) is beginning to rise above the signal line (red), DOGE might have a shot of reclaiming its losses.

Shiba Inu Heads Into Volatile Waters

The second biggest meme coin in the world, which recently lost its spot in the top 15 cryptocurrencies list, is actually making progress with its 4.32% rally from the day before, pushing SHIB further above $0.00001255.

The divergence of the Bollinger Bands is the first sign of increasing volatility which might actually play in favor of Shiba Inu.

The altcoin needs some room to rally ahead, and as long as the candlesticks keep above the basis of the indicator, SHIB will only note a price rise.

Besides, the Awesome Oscillator is also maintaining the green bars above the neutral line of the indicator.

This is proof that despite the fluctuations, the bullishness is still persisting in the market, providing SHIB with the support it needs to rise to $0.00001500.

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