Bears have proven stronger than bulls on the last day of the week as most coins are in the red.
Top Coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) is among the coins that continue to trade in the green. Despite the slight increase since yesterday, however, it is down 8.31% over the past week.
BTC/USD chart by TradingView
Bitcoin (BTC) failed to surpass $44,000, which means buyers may need more time to gather energy for further growth. Such a statement is also confirmed by the declining sale trade volume. In this case, the bullish scenario remains relevant if bulls can sustain the crucial $40,000 level. In another case, a drop to the $32,871 support level is possible.
Bitcoin is trading at $42,557 at press time.
DOGE/USD
DOGE is the biggest gainer on today’s list as the meme coin’s price is up 3.62%.
DOGE/USD chart by trade view
DOGE made a false break above the recently formed resistance level at $0.1731. The price has also fallen below another level at $0.1537, which means that one should not expect rapid growth from the coin. In this case, the more likely scenario is sideways trading in the $0.14-$0.16 range by the end of the month.
DOGE is trading at $0.1519 at press time.
SHIB/USD
SHIB has followed DOGE’s surge and is up 2% in the past 24 hours.
TradingView SHIB/USD chart
Despite today’s growth, SHIB is neither bullish nor bearish in the medium-term scenario as the price sits in the middle of a wide channel between the $0.00001695 support and $0.00003523 resistance. The current weekly candle is about to close in red, which means the bears are in control of the situation for the moment.
SHIB is trading at $0.00002460 at press time.
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