The last day of the month seems bearish for the cryptocurrency market as all the top 10 coins are again in the red zone.
BTC/USD
Bitcoin (BTC) has started the new week with a fall of 2.14%.
Despite the downside, the price is approaching the $40,000 resistance level on the daily chart.
If buying volume increases and the candle settles near $39,000, a further increase is likely. Such a scenario is relevant till the end of the week.
Bitcoin is trading at $38,826 at press time.
DOGE/USD
DOGE is the biggest “beneficiary” on the list today, down by 1.45%.
DOGE successfully bounced back from the $0.1204 support level, confirming the bulls’ power. If buyers can hold this mark, one can expect a consolidation in the $0.1260-$0.13 range so that the bulls can gain more energy for further price gains.
However, if sellers seize the initiative, the support is likely to break soon.
At press time, DOGE is trading at $0.1256.
shib/usd
SHIB is the main loser today as Mem Coin is down 2.56%.
From a technical perspective, SHIB is trading similar to DOGE as it is trading above the $0.00002310 support level. At the moment, the power of the coin has accumulated. In this case, if the daily candle settles above $0.000025, the rise could soon continue towards the nearest resistance level at $0.000002755.
As of press time, SHIB is trading at $0.00002430.