By the middle of the week, it is generally accepted that the bulls are stronger than the bears as all the top 10 coins are back in the green zone.
BTC/USD
Yesterday morning, the bulls managed to break the $47,745 level. All day long BTC/USD The pair has recovered to the POC indicator line but the price has not yet had time to retest the psychological $50,000 level.
The daily high is marked at $49,600. Currently, the recovery has slowed down significantly and it seems like it will be quite difficult for the bulls to enter the $50,000 zone.
If there are large buyers on the intraday trading board, moves may be possible to break the psychological level.
Bitcoin is trading at $48,738 at press time.
XRP/USD
Buyers were able to continue the XRP price recovery yesterday and the bulls were able to break the $0.96 resistance this morning and mark the weekly high at $0.973.
If resistance does not force the pair to retrace, the pair may attempt to gain support above $0.96. In this case, it would be possible to retest the $1 psychological level by the end of the week.
XRP is trading at $0.9450 at press time.
DOGE/USD
DOGE price managed to increase by 2.19% in the last 24 hours.
Despite the growth, the price remains in a wide range between the $0.1310 support and the $0.2204 resistance. The trading volume, on the other hand, remains low, meaning traders are accumulating strength for a sharp move.
If DOGE breaks back to resistance, price breakout and further price increase can be expected.
DOGE is trading at $0.1765 at press time.
SHIB/USD
SHIB is the biggest winner on the list, up 13% today.
SHIB support bounced off $0.00002952 which means the bulls are currently stronger than the bears. Therefore, the buy trade volume is increasing slightly, which means that traders are ready to return the price to previous levels. In this case, there are chances for SHIB to reach the nearest critical area around $0.000050 shortly.
SHIB is trading at $0.00003705 at press time.
LEFT/USD
Solana (SOL) managed to go “green” like the whole list with a 3% increase.
If the LEFT stabilizes above the $180 level, it seems likely to move higher. The popular altcoin is forming a V pattern with a possible target at $230 at the mirror level. Such a scenario would be valid until the end of December.
SOL is trading at $184 at press time.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.