Have the major coins touched their support levels for a bounceback?
Despite the growth yesterday, bulls cannot hold the initiative, and the market has faced a sharp dump.
BTC / USD
The price of Bitcoin (BTC) has dropped much less compared to the other main coins. It has declined by 7.84% over the last day.
On the daily chart, the price broke the vital support at $39,573, having confirmed the bearish trend. Until the rate is located below this level, bears control the situation on the market.
The next area where a short-term bounceback may happen is the mirror level at $36,623.
Spaudos metu Bitcoin prekiauja 38,621 USD.
DOGE / USD
The rate of DOGE has gone much deeper than Bitcoin (BTC), falling by 7.86% since yesterday.
DOGE has been going down for six days in a row with no bounceback signals. At the moment, sideways trading is the more likely scenario until the price is above the support level at $0.1310.
However, if the bears’ pressure continues and the daily candle fixes below, one may expect a further drop to $0.10.
DOGE spaudos metu prekiauja 0.1516 USD.
SHIB/USD
The decline of SHIB was the biggest, going down by almost 8%.
From the technical point of view, one needs to pay close attention to the support level at $0.00002537 as, if the price breaks it, the price drop may get SHIB to the area around $0.00002010 shortly.
Spaudos metu SHIB prekiauja 0.00002552 USD.
Šaltinis: https://u.today/btc-doge-and-shib-price-analysis-for-january-21-0