The bulls trying to keep the initiative have gained as all the top 10 coins are still in the green zone.
BTC/USD
Yesterday morning, Bitcoin (BTC) price drop continued to new January lows. The bears were unable to test the $32,500 support, so the last low turned around the $32,950 mark.
In the afternoon, the price recovered back to the average price zone and late at night, buyers tested the $37,149 level. Overnight, buying volume declined and the pair failed to consolidate above the two-hour EMA55.
This morning, the $36,000 level is holding the price from a deep pullback and buyers will attempt to continue the recovery to gain a foothold above the EMA55 moving average. In this case, a daily high can be expected in the $38,600 area.
Bitcoin is trading at $36,765 at press time.
DOGE / USD
DOGE is the biggest gainer on the list today as the price of the meme has increased by almost 10%.
DOGE has successfully bounced back to the support at $0.1310 once again, which confirms the strength of the bulls to hold this level. If they can sustain the upside momentum of DOGE, the rate could go to the most liquid zone around $0.20. However, such a scenario could happen as early as February 2022.
DOGE is trading at $0.1392 at press time.
SHIB / USD
SHIB has followed the momentum of DOGE, up 8.73% since yesterday.
SHIB is trading similar to DOGE as its price is also above the support at $0.00001947. Selling volume is decreasing, which means that the bears are using their energy to continue falling.
In this case, a consolidation around the $0.000020 level is likely, followed by a slight rise.
SHIB is trading at $0.00002094 at press time.
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