The bulls failed to hold the initiative for long and most coins have returned to the red zone.

BTC/USD

Yesterday, the bulls attempted to break the $38,900 resistance. One of the weak bullish impulses managed to break this level and hit the daily high at $39.285.

BTC/USD Chart | Source: TradingView

Unfortunately, the buyers failed to sustain the price at the highs and it moved back into the $37,600 zone. Today, BTC is likely to break the $40,000 resistance.

A retest of this psychological level could lead to a sell-off that pushes bitcoin price below the 2-hour EMA55.

Bitcoin is trading at $37,029 at press time.

DOGE/USD

DOGE has been tracking Bitcoin’s decline, correcting by 3.1% in the last 24 hours.

DOGE/USD chart | Source: Trade View

The current down move should not affect DOGE price too much in view of further strong moves. The price is in the middle of the channel, which means that neither the bulls nor the bears are dominant at this time.

However, if the seller pressure continues and the price returns to $0.131, a break of this support is likely soon.

DOGE is trading at $0.138 at press time.

SHIB/USD

Similar to DOGE, SHIB has fallen sharply today (3.4%).

SHIB/USD chart | Source: Trade View

From a technical point of view, SHIB is trading like DOGE as it will most likely see a strong move soon due to weakness from buyers and sellers. Generally, watch out for the support at $0.00001704 and the resistance at $0.00002537.

SHIB is trading at $0.00002076 at press time.

You can see the price SHIB here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

Minh Anh

According to FX Street