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By the end of the week, bears remain more powerful than bulls, with all the top coins from the top 10 list being in the red zone.
DOGE/USD
Dogecoin (DOGE) keeps going down, falling by almost 4% over the last 24 hours.
The price drop may continue if the daily candle fixes below the support level of $0.1617. If that happens, there is a high chance of seeing the ongoing decrease to the next vital level of $0.1310.
In addition, the selling trading volume is high, which confirms the bears' strength.
DOGE is trading at $0.1682 at press time
SHIB/USD
SHIB is performing better than DOGE, dropping 3.19% over the past 24 hours.
However, SHIB is also looking more bearish since buyers could not get to $0.000040 and find a footing there.
Hence, the more likely price action scenario is a drop to the closest area around $0.00002952 where bulls may seize control.
SHIB is trading at $0.00003482 at press time.
FLOKI/USD
FLOKI is the biggest loser from the list today, with its price going down 8%.
FLOKI keeps trading in the wide channel between the support at $0.0001150 and the resistance at $0.0003196. At the moment, the price is located closer to the support area, the breakdown of which may cause a sharp decline to the zone around $0.0001.
FLOKI is trading at $0.0001376 at press time.
Vladislav Sopov
Dan Burgin