Despite the correction of some of the top 10 coins, the cryptocurrency market keeps rising, and most of the assets are in the green zone.
Etheruem (ETH) is the second-most growing coin from the list, rising by 0.09% over the past 24 hours.
Analzying the technical picture, Ethereum (ETH) could set a new peak; however, it could not keep the rise going and made a false breakout. If the current day finishes around the $4,300 mark, the decline may continue to $4,170, which serves the recently formed mirror level.
All in all, there is a high chance to see a bounceback as the selling trading volume is low at the moment.
Ethereum is trading at $4,314 at press time.
DOGE is the only loser today, falling by 2.47% since yesterday.
Despite today’s decline, DOGE remains trading in a wide channel with no strong bullish or bearish signals. If, today, the coin cannot fix above the $0.28 mark, then the decline might continue to the area of the most liquidity around $0.245 in order to gain more energy for the growth.
To sum up, bulls keep dominating in the mid-term scenario as the buying trading volume is high.
DOGE is trading at $0.277 at press time.
SHIB is the biggest gainer today as the rate of the meme coin has increased by 2%.
After a false breakout of the $0.000088 level, SHIB is trading in a channel with support at $0.00005. The selling volume has reduced slightly, which means that traders are accumulating power for a further sharp move. In this case, sideways trading is the more likely scenario for the upcoming week.
SHIB is trading at $0.00007154 at press time.