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BTC, DOGE and SHIB Price Analysis for April 10

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Sun, 10/04/2022 - 19:15
BTC, DOGE and SHIB Price Analysis for April 10
Cover image via www.tradingview.com

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Bears have turned out to be more powerful than bulls on the last day of the week as most of the coins are in the red zone.

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is among those coins who keep trading in the green zone. However, despite the slight growth since yesterday, it has fallen by 8.31% over the last week.

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

Bitcoin (BTC) could not fix above the $44,000 mark, which means that buyers might need more time to accumulate energy for further growth. Such a statement is also confirmed by the declining selling trading volume. In this case, the bullish scenario remains relevant if bulls can hold the vital $40,000 mark. In another case, a drop is possible to the support level at $32,871.

Bitcoin is trading at $42,557 at press time.

DOGE/USD

DOGE is the biggest gainer from today's list as the price of the meme coin has gone up by 3.62%.

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

DOGE has made a false breakout of the recently formed resistance level at $0.1731. The price has also gone below another level at $0.1537, which means that one should not expect fast growth from the coin. In this case, the more likely scenario is sideways trading in the range of $0.14-$0.16 by the end of the month.

DOGE is trading at $0.1519 at press time.

SHIB/USD

SHIB has followed the rise of DOGE, rising by 2% over the past 24 hours.

SHIB/USD chart by Trading View
SHIB/USD chart by TradingView

Despite today's growth, SHIB is neither bullish nor bearish in the mid-term secnario as the rate is located in the middle of a wide channel, between the support at $0.00001695 and the resistance at $0.00003523. The current weekly candle is about to close red, which means that bears control the situation at the moment.

SHIB is trading at $0.00002460 at press time.

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