What are the chances of seeing a continued increase in even coins?
The last day of the week has turned out to be bullish for the cryptocurrency market as all of the top 10 coins are in the red zone.
BTC / USD
Bitcoin’s (BTC) rate rose 2.90% over the past week.
Despite the rise, Bitcoin (BTC) keeps trading sideways as bulls could not seize the initiative and come back to the peak at $67,000. The trading volume is low, which means there is a good chance that BTC will trade between $ 60,000 and $ 66,000 next week. The bearish scenario becomes relevant if the main crypto breaks the support at $56,560 and fixes below it.
Bitcoin is trading at $ 62,044 at the time of publication.
DOGE/USD
DOGE has shown almost the same price action as Bitcoin (BTC) this week.
DOGE is neither bullish nor bearish as the coin itself continues to trade near the most liquid area, meaning it is building up power for another sharp move. One may expect a continued rise if bulls get DOGE back to the zone around $0.3. The increased trading volume might confirm the possible growth.
DOGE is trading at $ 0.2638 at time of publication.
SHIB/USD
SHIB is the main loser today. It is the only coin from the top 20 list that is trading in the red zone.
On the daily period, SHIB made a false break of support at $ 0.00005. At the moment, the coin is trading in a wide range between the support and the resistance at $0.000088.
In terms of price development, SHIB may continue to trade within the mentioned levels so that it can gain more energy for a rise or fall.
SHIB is trading at $0.00005746 at press time.
