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BTC, DOGE and SHIB Price Analysis for March 2

Wed, 03/02/2022 - 15:28
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Denys Serhiichuk
Can the rise of the cryptocurrency continue after a slight rollback?
BTC, DOGE and SHIB Price Analysis for March 2
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After a few days of growth, some coins are facing some corrections. Meanwhile, Solana (SOL) is the exception to the rule, rising by more than 4% over the last 24 hours.

Top coins by CoinMarketCap
Top coins by CoinMarketCap


The rate of Bitcoin (BTC) is facing a slight correction after a sharp rise recently. The drop has made up around 1% since yesterday.

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

Despite the minor price decrease, the rate is about to get to the local resistance at $45,478. If bulls can keept the pressure until the end of the day, the breakout of the level may take place shortly.

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In this case, there is a chance to see the mid-term growth up to the psychological $50,000 mark. However, in case of a rollback to $40,000, the current scenario may not happen.

Bitcoin is trading at $43,995 at press time.


Unlike Bitcoin (BTC), DOGE is going up by 0.54% over the past 24 hours.

DOGE/USD chart byTradingView
DOGE/USD chart by TradingView

After the false breakout of the resistance at $0.1350, the price is coming back to this level, showing the bulls' power.

ETH, BNB and ADA Price Analysis for February 28

If the buyers' pressure continues and the volume increases, there is a probability of seeing the growth leading DOGE to the area of $0.14-$0.15 until mid-March.

DOGE is trading at $0.1340 at press time.


The rate of SHIB is falling by 2.73% since yesterday.

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

SHIB could not follow the rise of DOGE as it made a false brekaout of the resistance at $0.00002755. If bulls cannot hold the rate from the current levels, there is a chance to see the decline to the zone around $0.000025. Such a scenario is relevant until the end of the week.

SHIB is trading at $0.00002621 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