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Buyers could not hold the initiative before the weekend as all of the coins from the top 10 list have come back to the red zone.
BTC/USD
Yesterday morning, the price of Bitcoin (BTC) tried to hold above the two-hour EMA55. Trades were held at small volumes, and there was no obvious advantage for the bears.
Bulls lost the vital zone around $46,000, which means that bears are more powerful than buyers at the moment.
If the leading crypto fixes below $45,000, there are high chances to see the test of the green support level at $41,967. Such a scenario is relevant until the end of the month.
Bitcoin is trading at $46,732 at press time.
DOGE/USD
DOGE is the biggest loser from the list today as the price of the meme coin has dropped by almost 8% over the last 24 hours.
Bulls could not keep the growth going after a sharp rise to $0.22. If sellers keep pushing the rate more profoundly, one may expect a comeback to the support level at $0.1310.
What is more, buyers are not showing any resistance based on the declining trading volume.
DOGE is trading at $0.1662 at press time.
SHIB/USD
SHIB has also followed the drop of DOGE, falling by 13% over the last seven days.
SHIB is following the price action of DOGE, as it is also approaching the support level at $0.00002952. This level plays a key role for buyers because, if they lose it, there might be a sharp drop to the next vital zone at $0.00002010.
SHIB is trading at $0.00003104 at press time.
Alex Dovbnya
Dan Burgin
Vladislav Sopov