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BTC, DOGE, and SHIB Price Analysis for June 21

Price Analysis
Tue, 06/21/2022 - 16:32
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Denys Serhiichuk
Has the market already recovered?
BTC, DOGE, and SHIB Price Analysis for June 21
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 cryptocurrency market is seeing more gains, with the top 10 coins being in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) keeps going up, rising by 3.54% over the last 24 hours.

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

Bitcoin (BTC) has extended its growth after bouncing back from the vital $20,000 mark. At the moment, the main cryptocurrency is on the way to $22,000.

Related
Ethereum (ETH) Price Analysis for June 18

If the buying volume increases, there is a chance of seeing at least a test of the local resistance level at $23,288 within the nearest days.

Bitcoin is trading at $21,486 at press time.

DOGE/USD

DOGE has outperformed Bitcoin (BTC), spiking by 13%.

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

On the daily chart, DOGE has approached a pivotal resistance level. Currently, one needs to pay close attention to the daily close. If buyers can maintain the momentum and keep the price near $0.07, there is a high possibility of seeing a breakout soon.

DOGE is trading at $0.06745 at press time.

SHIB/USD

SHIB is the biggest gainer today from the list, rocketing by more than 20% since yesterday.

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

SHIB has already broken the resistance level at $0.00000907. The breakout has been supported by the high volume, which means that it is likely to expect a further rise. However, it can be possible if bulls can hold the $0.000010 level by the end of the day.

SHIB is trading at $0.00001069 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.