Bulls keep dominating on the cryptocurrency market; however, some coins have already faced the correction phase.
Top coins by CoinMarketCap
BTC/USD
Yesterday morning, the bears failed to break through the support of $60,000. The Bitcoin (BTC) price pierced this psychological level, marking the daily low at $59,500, and quickly recovered above $62,000.
BTC/USD chart by TradingView
At the same time, the BTC price could not stay above this level for long so, in the afternoon, the pair returned to the area of average prices and consolidated in a sideways direction.
It still relies on the support of the psychological level of 460,000 and the restoration of the pair to 100% fibo ($64,895).
Bitcoin is trading at $63,545 at press time.
DOGE/USD
The rate of DOGE is almost unchanged since yesterday.
DOGE/USD chart by Trading View
DOGE keeps trading in the channel between the zone of the most liquidity at $0.2405 and the resistance at $0.3495.
At the moment, neither bulls nor bears have seized the initiative, which is also confirmed by the low trading volume. In this case, the more likely scenario is continued sideways trading in the area around $0.28.
DOGE is trading at $0.2728 at press time.
SHIB/USD
SHIB is the biggest loser today as its rate has fallen by 3.23% over the last day.
SHIB/USD chart by TradingView
SHIB is trading similar to DOGE as it is also located in a wide range. The selling volume is low, which means that further growth is more likely than a fall. Respectively, the ongoing trend might continue so the coin could accumulate more energy for a sharp move.
SHIB is trading at $0.00006865 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Spurts of bullish momentum fight resurging bears
Bitcoin price sees a bullish uptick in an attempt to clear up any inefficiencies formed during the recent sell-off. Despite its uptrend, Ethereum price remains broadly range bound in the short-term, while XRP price shows strength, to be confirmed at the daily close.
SEC v. Ripple update: Regulator argues Hinman’s speech is not relevant to the lawsuit
The SEC has filed a brief on the Hinman speech as its legal battle against Ripple drags on. The US SEC is fighting back in its lawsuit against Ripple Labs and arguing that the Hinman documents Ripple lawyers want brought into evidence are irrelevant to the case.
Solana price hints at a 50% upswing under these specific conditions
Solana price shows an interesting setup as it tries to overcome a stiff resistance level. The fifth attempt to overcome hurdles will likely be successful due to multiple bullish confluences.
Dogecoin price to provide a buying opportunity before exploding 35%
Dogecoin price sees a slow decline in bullish momentum as a major hurdle puts an end to its explosive move. A pullback is emerging for DOGE and is likely an opportunity that will allow bulls to recuperate and prepare for the next rally.
Bitcoin: If bulls lose control here, BTC could revisit $21,000
Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection, its technicals support a bearish outlook for the leading crypto.