Friday is rather more bearish than bullish for the cryptocurrency market as the majority of the coins are in the red zone.
BTC/USD
Bitcoin (BTC) has continued yesterday's drop, going down by 2.43%.
Bulls are still fighting to hold the vital $40,000 level against the declining trading volume. However, bears keep their pressure, trying to close the daily candle below yesterday's low at $39,500.
If they manage to do that, the fall may get to the area of $38,500-$39,000 shortly. In another case, consolidation above $40,000 is the prerequisite for a comeback to the nearest resistance at $44,200.
Bitcoin is trading at $40,134 at press time.
XRP/USD
XRP is the only coin from the list that is growing, rising by 6.71% over the last 24 hours.
XRP has almost touched the $0.80 mark against the rising trading volume. However, despite today's growth, the altcoin remains trading in a wide range between the support at $0.5461 and the resistance at $0.9150. In case the bullrun continues, the rate may return to the zone around $0.85-$0.90.
XRP is trading at $0.7650 at press time.
DOGE/USD
The rate of DOGE is almost unchanged since yesterday, and the rise has accounted for only 0.47%.
DOGE is trading near the zone of the most liquidity at $0.145 in the middle of the channel, which means that neither bulls nor bears are dominating at the moment. Currently, one needs to pay close attention to the $0.15 level. If the daliy candle fixes above it, the rise may continue up to the orange resistance line at $0.1796. Such a secnario is relevant until the end of the month.
DOGE is trading at $0.1465 at press time.
Tomiwabold Olajide
Godfrey Benjamin
Alex Dovbnya