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DOGE jumped by 5% with potential for a large rally, and SHIB rose 7%.The cryptocurrency sector has slightly headed north in the past 24 hours, with its total market capitalization rising by 1.5% and surpassing $2.3 trillion . The meme coin cohort is among the top-performing realms, with numerous tokens witnessing significant price increases.
One example is Neiro , up 50% daily and hitting a new all-time high. Its market cap exceeded $600 million, making it the 10th-largest meme coin.Cat-themed tokens are also in the club. Popcat pumped by approximately 20% to tap a fresh ATH of nearly $1.50, whereas Mog Coin jumped by 17%.DOGE to skyrocket to $1 “as a minimum target for this cycle.” According to the traders, it is currently in preparation for “the next explosive wave of rallies.
One important on-chain indicator, though, hints at incoming pain for the bulls. This is the Relative Strength Index , which measures the change and speed of price movements. It varies from 0 to 100, with readings above 70 signaling overbought conditions and a potential correction.Sign-up FREE to receive our extended weekly market update and coin analysis report
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