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The last day of the year is starting mainly bullish for cryptocurrencies, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has risen by 0.57% over the last 24 hours.
Despite today's slight rise, bulls have not seized the initiative yet. Thus, the volume keeps falling, which means that neither buyers nor sellers are ready for a sharp move.
Denys SerhiichukIn this case, sideways trading in the area of $0.088-$0.092 is the more likely scenario for next week.
DOGE is trading at $0.0906 at press time.
SHIB/USD
The price of SHIB has increased by almost 1% since yesterday.
On the daily chart, the rate of SHIB is far from the main levels. If buyers want to be back in the game, they need to restore the price to the vital zone of $0.000011. Otherwise, traders may expect a test of the nearest support at $0.000010.
SHIB is trading at $0.00001054 at press time.
BONK/USD
BONK has followed the rise of DOGE and SHIB, going up by 0.38%.
From the technical point of view, the rate of BONK is in the middle of the channel between the support of $0.00001238 and the resistance of $0.00001622. As neither side is dominating, ongoing consolidation in the range of $0.00001350-$0.00001450 is the more likely scenario for the next few days.
BONK is trading at $0.00001421 at press time.
Yuri Molchan
Godfrey Benjamin
Dan Burgin
Alex Dovbnya