The last day of the week turned out to be bearish for the cryptocurrency market as most coins remain in the red zone.
The price of Bitcoin (BTC) is almost unchanged since yesterday. It was down just 0.46% in the past 24 hours.
On the daily chart, Bitcoin (BTC) is below the crucial $40,000 level. As long as the bulls cannot seize the initiative, the bears control the situation in the market. Sell trading volume is falling, which means that if the daily candle settles above the $39,000 mark, the breakout of $40,000 could occur next week.
Bitcoin is trading at $38,959 at press time.
DOGE is tracking Bitcoin (BTC) as its rate has also not changed since yesterday.
Despite the relatively neutral mood, the price is slowly approaching the support level at $0.1204 on the daily time frame. Currently, special attention should be paid to where the daily candle closes. If the bears manage to keep the pressure on, the breakout of the level could be a precondition for a sharp decline in the area around $0.11 shortly.
DOGE is trading at $0.1234 at press time.
SHIB is the only winner on the list today, as the meme coin rose by 0.35%.
SHIB is trading similarly to DOGE as it is also located near the support level at $0.00002310. However, the volume is falling, which means the bears are weakening, confirming the power of the buyers.
Overall, if the bulls can keep the rate above the support, there is a chance to see slight growth in the middle of the channel ($0.000026).
SHIB is trading at $0.00002404 at press time.