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The last day of the month seems to be bearish for the cryptocurrency market as all of the top 10 coins are in the red zone again.
BTC/USD
Bitcoin (BTC) has started the new week with a fall, going down by 2.14%.
Despite the fall, the price is approaching the resistance of $40,000 on the daily chart.
Denys SerhiichukIf the buying trading volume increases and the candle fixes around the $39,000 mark, there is a chance to see further growth. Such a scenario is relevant until the end of the week.
Bitcoin is trading at $38,826 at press time.
DOGE/USD
DOGE is the biggest "gainer" from the list today with a decrease of 1.45%.
DOGE has successfully bounced off the support at $0.1204, having confirmed the bulls' power. If buyers can hold this mark, one can expect consolidation in the range of $0.1260-$0.13 so that bulls can gain more energy for a further price rise.
However, if sellers seize the initiative, there is a possibility to see the breakout of the support shortly.
DOGE is trading at $0.1256 at press time.
SHIB/USD
SHIB is the main loser today as the mem coin has fallen by 2.56%.
From the technical point of view, SHIB is trading similarly to DOGE as it also trading above the support at $0.00002310. At the moment, the coin has accumulated power for the rise. In this case, if the daily candle fixes above $0.000025, the growth may continue to the nearest resistance at $0.00002755 soon.
SHIB is trading at $0.00002430 at press time.
Alex Dovbnya
Arman Shirinyan
Dan Burgin
Vladislav Sopov