The market has faced a slight correction as most of the coins are in the red zone.
BTC/USD
The bitcoin (BTC) rate is down more than 2% in the past day.
On the daily time frame, Bitcoin (BTC) has broken below the $24,000 mark. In this case, the bears are more powerful than the bulls, which is also confirmed by the small amount.
However, if buyers can restore the price above the mentioned levels, there are good chances to see a test of the $24,800 mark soon.
Bitcoin is trading at $23,983 at press time.
ADA/USD
Cardano (ADA) has lost less than Bitcoin (BTC), down 1.46%.
Cardano (ADA) is trading near the $0.5472 resistance area, gathering strength for a bullish move. If the daily candle closes above $0.54, it could be a prerequisite for a medium-term bull run in the $0.56-$0.57 zone for the next week.
ADA is trading at $0.5313 at press time.
bnb/usd
Binance Coin (BNB) is showing a similar decline as Cardano (ADA).
Binance Coin (BNB) is trading sideways after a false breakout of $336.3. However, if the bulls can sustain the rate above $320, it is likely to see resistance again soon.
As of press time, BNB is trading at $323.5.
DOGE/USD
DOGE is no exception to the rule, going down 1.51%.
Despite today’s decline, DOGE is neither bullish nor bearish as the price is far away from critical levels. A further upward move is possible only if the rate reaches $0.076 on the daily chart and settles above it.
At press time, DOGE is trading at $0.07094.
shib/usd
SHIB is looking better than DOGE with a price change of -0.88%.
SHIB has more upside potential than DOGE as the rate is pulling back to the resistance level at $0.000001297 after its false breakout. Overall, a close above $0.00001250 is likely to lead to a sharp rise soon.
As of press time, SHIB is trading at $0.00001242.