On the last day of the week, the bears have become more powerful than the bulls as most of the coins are in the red zone.
BTC/USD
Bitcoin (BTC) is one of the coins that continue to be traded in the Green Zone. However, despite a slight increase since yesterday, it has declined by 8.31% over the previous week.
Bitcoin (BTC) could not recover above the $44,000 mark, which means that buyers may need more time to accumulate energy for further growth. Such a statement is also confirmed by a drop in trading volume. In this case, if the bulls can hold the crucial $40,000 mark, the bullish scenario will remain relevant. In another case, there could be a drop to the support level at $32,871.
At press time, bitcoin is trading at $42,557.
DOGE/USD
DOGE is about to be the biggest gainer from today’s listing as the price of the meme coin has increased by 3.62%.
DOGE made a false breakout of the recently formed resistance level at $0.1731. The price has also moved below another level of $0.1537, which means that one should not expect a sharp rise from the coin. In this case, a more likely scenario is trading sideways in the range of $0.14-$0.16 by the end of the month.
At press time, DOGE is trading at $0.1519.
shib/usd
SHIB has followed DOGE’s growth of 2% over the past 24 hours.
Despite today’s rise, SHIB is neither bullish nor bearish in the medium term secondary as the rate lies in the middle of a wide channel, between support at $0.00001695 and resistance at $0.00003523. The current weekly candle is about to close in the red, which means that the bears are currently in control.
As of press time, SHIB is trading at $0.00002460.