Main navigation

BTC, ADA, DOGE and SHIB Price Analysis for October 14

Price Predictions
Thu, 10/14/2021 - 15:47
article image
Denys Serhiichuk
How long can the main altcoins rise while Bitcoin (BTC) is trading sideways?
BTC, ADA, DOGE and SHIB Price Analysis for October 14
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Bulls have continued yesterday's price rise, and all coins from the top 10 list remain in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Yesterday morning, sellers pushed the Bitcoin (BTC) price below the $55,288 level, to the four-hour EMA55 area. During the day, the bulls, with great difficulty, brought the pair back to the 78.6% Fibonacci level. In the afternoon, they won back the lost positions from the bears on the approach with the resistance of $58,000.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Tonight, low-volume buyers decided to attack the impregnable line at $58,000. In the morning, the price pierced the blue resistance and marked a new October high at $58,550. Small volumes do not allow the growth to continue, and sellers easily rolled back the price below the resistance level. Now, there is a positional struggle on this border.

Related
BTC, ETH and XRP Price Analysis for October 10

If the bears gain an advantage, then today the price of Bitcoin can roll back to the area of ​​$56,600, and then the decline may continue to the level of $55,288.

Bitcoin is trading at $57,155 at press time.

ADA/USD

Cardano (ADA) has shown better performance than Bitcoin (BTC) with a price rise of 3.51%.

ADA/USD chart by TradingView
ADA/USD chart by TradingView

Despite the growth, Cardano (ADA) is still located in a wide range with no vivid bearish or bullish signals.

Related
BTC, ADA and BNB Price Analysis for October 9

The neutral mode is also confirmed by the low trading volume. In this case, the more likely scenario is sideways trading in the range of $2.10-$2.30.

ADA is trading at $2.189 at press time.

DOGE/USD

DOGE is also not an exception to the rule as the growth of the altcoin has constituted 3% since yesterday.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

DOGE is trading similarly to Cardano (ADA) as it has not come back to the bullish zone yet. Moreover, it could not fix above the zone of the most liquidity around $0.25. That is why there is a high possibility to see the test of the support at $0.1940 one more time.

DOGE is trading at $0.2348 at press time.

SHIB/USD

SHIB is the only falling coin today. It has declined more than 1% over the last day.

SHIB/USD chart by TradingView
SHIB/USD chart by TradingView

Today's fall has not been accompanied by a high selling trading volume, which means that the slight correction might be just a short fall to gain more power for continued growth. However, bulls are not ready yet to break the recently formed resistance at 3,528 satoshis. That is why sideways trading between 2,500 and 3,000 satoshis remains the more likely price action for the next few days.

SHIB is trading at 2,748 satoshis at press time.

article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.