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BTC, BNB, ADA, DOGE and SHIB Price Analysis for December 13

Price Predictions
Mon, 12/13/2021 - 10:49
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Denys Serhiichuk
Have bulls accumulated enough power to start the growth?
BTC, BNB, ADA, DOGE and SHIB Price Analysis for December 13
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.

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The new week has started with a neutral mood on the cryptocurrency market as some coins are trading in the green zone, while others are in the red.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Over the past weekend, buyers tried to restore the Bitcoin (BTC) price above the two-hour EMA55 level. On Saturday evening, the pair tested the moving average EMA55 and tried to stay above it for a long time, but the movement took place in a narrow sideways range at the level of average prices.

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

On Sunday evening, buyers were able to overcome the psychological barrier of $50,000, but the price could not hold in the area of ​​the local maximum of $50,800. As of this morning, the bears have returned the price below the two-hour EMA55.

Related
SHIB, DOGE, and FLOKI Price Analysis for December 10

Today, bulls may try to repeat the breakout of the average price level in order to gain a foothold in the resistance area of ​​$53,400.

Bitcoin is trading at $48,890 at press time.

BNB/USD

Binance Coin (BNB) has begun the new week with a continued decline. The rate of the native exchange coin has decreased by 2.34%.

BNB/USD chart by TradingView
BNB/USD chart by TradingView

After a false breakout of the support at $540, BNB is coming back to it, which means that bears are more powerful than bulls. If sellers can break the level and fix below it, one may expect a sharp drop to the psychological mark at $500.

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However, if the prices bounce back again, there are chances to see the correction to the zone of the most liquidity around $600.

BNB is trading at $546.20 at press time.

ADA/USD

Cardano (ADA) has lost the least with a fall of 1% over the last 24 hours.

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

Despite the fall, Cardano (ADA) is located in a channel between the local support at $1.18 and the resistance at $1.932. Currently, the rate is located closer to the support, which means that sellers dominate over buyers. If bears can keep the pressure, there is a possibility of seeing the continued drop to the zone around $1.

ADA is trading at $1.306 at press time.

DOGE/USD

DOGE is trading similarly to Cardano (ADA) with a price drop of 1% since yesterday.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

DOGE remains trading under bearish pressure as the price is returning to the support after a recent false breakout. Even though selling trading is low, the breakout of $0.1617 may lead to the ongoing fall to the next support level at $0.1310. Such a scenario is relevant until the end of the current week.

DOGE is trading at $0.1641 at press time.

SHIB/USD

SHIB is the only gainer from the list today as its price change has accounted for +0.10%.

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

SHIB is showing weakness after short-term growth to the zone around $0.000040. If buyers cannot seize the initiative, bears may continue pushing the price more profoundly and lead SHIB to $0.000030. In this case, buyers' reaction may be in the zone of the most liquidity around $0.000025.

SHIB is trading at $0.00003448 at press time.

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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.