Which Is the Best Meme Coin To Buy for June 2025?
The post Which Is the Best Meme Coin To Buy for June 2025? appeared on BitcoinEthereumNews.com. DOGE currently trades at $0.2052 and has a significant daily trading volume of $2.01 billion. DOGE has shown a 43% increase over the past month, exceeding essential resistance levels and thereby confirming its positive trend. SHIB has been on a recovery path, trading at $0.00001512 today with a daily volume of $294.7 million. Significantly indicating increased investor interest, it has gained 18% over the previous month and added 2.22% in the last 24 hours. Both assets have seen significant price swings lately, which has spurred fresh discussions over which one has greater prospects in the following weeks. However, certain elements help one edge over the other when deciding between the two. Dogecoin Roars Back: Riding High on Rock-Solid Support and Surging Optimism DOGE is showing strength above its 200-day Exponential Moving Average (EMA), currently situated at $0.24. This level has been tested several times and continues to prove to be an excellent support zone. Currently reading 64, the Relative Strength Index (RSI) indicates a continuous positive trend, although it remains below the overbought level. Targeting the $0.27 Fibonacci retracing mark, analysts propose that DOGE might advance by another 20% if it keeps support above the 200-day EMA. Conversely, a dip below $0.21 would bring it closer to the $0.18 mark, a vital support level to monitor. DOGE Technical Analysis | Source: TradingView On-chain data continues to support a favorable scenario for DOGE. With long holdings controlling the derivatives market, the OI-weighted funding rate of 0.0098% shows that more market players are betting on a continued rally. Source: Coinglass Shiba Inu at a Crossroads: Rebound Hopes Rise Amid a Storm of Uncertainty Currently hovering slightly above its 50-day EMA at $0.0000134, SHIB aligns with a previously broken declining trendline that now provides support. This confluence of support levels could give a…
The post Which Is the Best Meme Coin To Buy for June 2025? appeared on BitcoinEthereumNews.com.
DOGE currently trades at $0.2052 and has a significant daily trading volume of $2.01 billion. DOGE has shown a 43% increase over the past month, exceeding essential resistance levels and thereby confirming its positive trend. SHIB has been on a recovery path, trading at $0.00001512 today with a daily volume of $294.7 million. Significantly indicating increased investor interest, it has gained 18% over the previous month and added 2.22% in the last 24 hours. Both assets have seen significant price swings lately, which has spurred fresh discussions over which one has greater prospects in the following weeks. However, certain elements help one edge over the other when deciding between the two. Dogecoin Roars Back: Riding High on Rock-Solid Support and Surging Optimism DOGE is showing strength above its 200-day Exponential Moving Average (EMA), currently situated at $0.24. This level has been tested several times and continues to prove to be an excellent support zone. Currently reading 64, the Relative Strength Index (RSI) indicates a continuous positive trend, although it remains below the overbought level. Targeting the $0.27 Fibonacci retracing mark, analysts propose that DOGE might advance by another 20% if it keeps support above the 200-day EMA. Conversely, a dip below $0.21 would bring it closer to the $0.18 mark, a vital support level to monitor. DOGE Technical Analysis | Source: TradingView On-chain data continues to support a favorable scenario for DOGE. With long holdings controlling the derivatives market, the OI-weighted funding rate of 0.0098% shows that more market players are betting on a continued rally. Source: Coinglass Shiba Inu at a Crossroads: Rebound Hopes Rise Amid a Storm of Uncertainty Currently hovering slightly above its 50-day EMA at $0.0000134, SHIB aligns with a previously broken declining trendline that now provides support. This confluence of support levels could give a…
What's Your Reaction?
