BTC, DOGE and SHIB Price Analysis for April 10

AnalysisBTC, DOGE and SHIB Price Analysis for April 10


Bears have turned out to be more powerful than bulls on the last day of the week as most of the coins are in the red zone.

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is among those coins who keep trading in the green zone. However, despite the slight growth since yesterday, it has fallen by 8.31% over the last week.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Bitcoin (BTC) could not fix above the $44,000 mark, which means that buyers might need more time to accumulate energy for further growth. Such a statement is also confirmed by the declining selling trading volume. In this case, the bullish scenario remains relevant if bulls can hold the vital $40,000 mark. In another case, a drop is possible to the support level at $32,871.

Bitcoin is trading at $42,557 at press time.

DOGE/USD

DOGE is the biggest gainer from today’s list as the price of the meme coin has gone up by 3.62%.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

DOGE has made a false breakout of the recently formed resistance level at $0.1731. The price has also gone below another level at $0.1537, which means that one should not expect fast growth from the coin. In this case, the more likely scenario is sideways trading in the range of $0.14-$0.16 by the end of the month.

DOGE is trading at $0.1519 at press time.

SHIB/USD

SHIB has followed the rise of DOGE, rising by 2% over the past 24 hours.

SHIB/USD chart by Trading View
SHIB/USD chart by TradingView

Despite today’s growth, SHIB is neither bullish nor bearish in the mid-term secnario as the rate is located in the middle of a wide channel, between the support at $0.00001695 and the resistance at $0.00003523. The current weekly candle is about to close red, which means that bears control the situation at the moment.

SHIB is trading at $0.00002460 at press time.



Learn more

Latest news

Charles Hoskinson Says It’s “Crime” for Ethereum Community to Discuss Cardano

Alex Dovbnya Input Output's Charles Hoskinson started another heated debate with Ethereum community on Twitter Input Output CEO Charles Hoskinson...

LUNC Price Skyrockets 25% in 5 Minutes as Binance Announces Major Update on Burning

Gamza Khanzadaev Major crypto exchange provides incredible update on burning mechanism of LUNC As we have just learned, Binance, one of...

Twitter whistleblower has likely sparked FTC probe: experts

Whistleblower Peiter “Mudge” Zatko’s explosive accusations about security concerns at Twitter are almost certain to have sparked a...

FTX Wins Bid to Buy Voyager Digital's Assets

FTX US's bid is valued at approximately $1.422 billion, according to a Voyager press release late Monday Eastern...

IOTA to Feature New Token as Price Spikes with 900% Volume Inflow

The IOTA (MIOTA) price is seeing modest gains against the backdrop of the other crypto assets, which are recording...

Must read

Charles Hoskinson Says It’s “Crime” for Ethereum Community to Discuss Cardano

Alex Dovbnya Input Output's Charles Hoskinson started another heated...

LUNC Price Skyrockets 25% in 5 Minutes as Binance Announces Major Update on Burning

Gamza Khanzadaev Major crypto exchange provides incredible update on...

Twitter whistleblower has likely sparked FTC probe: experts

Whistleblower Peiter “Mudge” Zatko’s explosive accusations about security...

You might also likeRELATED
Recommended to you