Which coins accumulated enough power for further growth?
|On the last day of the week, bulls have seized the initiative as all the top 10 coins are again in the green zone.
BTC/USD
The rate of Bitcoin (BTC) has risen by 6.29% over the last 7 days.
BTC/USD chart by TradingView
From the midterm point of view, Bitcoin (BTC) is about to fix above the $22,400 mark. In addition, sellers' power is accompanied by high volume, which means that there are high chances to see a further rise next week.
All in all, overcoming the aforementioned level might be a prerequisite for an upward move to the $24,000 zone next week.
Bitcoin is trading at $22,525 at press time.
DOGE/USD
DOGE has outperformed Bitcoin (BTC), as it has risen by 6.72% this week.
DOGE/USD chart by TradingView
Despite the rise, DOGE is trading sideways as the rate is located in the middle of the wide channel between the support at $0.04978 and the resistance at $0.07759. The low volume confirms that neither side is ready for a sharp move. Growth is only possible if DOGE returns to the $0.07 mark and fixes there.
DOGE is trading at $0.06789 at press time.
SHIB/USD
SHIB has seen the most growth on today's list as the price has rocketed by almost 7% over the past week.
SHIB/USD chart by TradingView
SHIB has made a false breakout of the local resistance level at $0.00001297. While the rate is below it, bears tend to be more powerful than bulls. In this case, the more likely scenario is a consolidation in the range of $0.000011 — $0.0000012 so buyers could get more power for a further move.
SHIB is trading at $0.00001167 at press time.
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