BTC, DOGE, SHIB and FLOKI Price Analysis for December 25
The weekend began with a slight correction in the market for cryptocurrency, as nearly each of the top 10 coins are in the red zone. Solana (SOL) stands out as the sole exception to this rule, increasing by 1.20 percent..
The price for Bitcoin (BTC) is been down 0.32 percent in the last 24 hours.
Bitcoin (BTC) has remained above the critical mark of $50,000. This means that there’s a high possibility of seeing the increase in the coming week.
If this scenario is to pass, the price of the principal crypto could rise to the resistance level of $53,300 within the next couple of days.
Bitcoin has traded at $50798 as of the time of writing.
In contrast to Bitcoin (BTC) The DOGE price has risen by around 2 percent since yesterday.
Despite the price increase today, DOGE remains trading in an open channel that spans the support level of $0.1310 and the resistance of $0.2204.
At present neither bears nor bulls are in control so ongoing trading in a sideways direction is the most likely scenario for the next days.
DOGE was trading for $0.1893 at the time of writing.
SHIB has not been as strong as DOGE dropping by 3% over last trading day.
SHIB attempts to rebound following yesterday’s decline against lower buying volume. As long as SHIB has reached its support level of $0.00002952 Bulls have a monopoly over bears. However, buyers have to return to the resistance level of $0.00005435 and break through this limit to maintain the upward trend.
SHIB trades at $0.00003722 at the time of writing.
FLOKI is the largest losser on the list, dropping by 4 percentage points..
FLOKI is trading similar to SHIB because the price of the meme coin is higher than the support of $0.0001150. If bears do break it and then fix below, it could cause the price to fall to the critical area of $0.00001 within a short time. The price movement is important through the month.
FLOKI has traded at $0.0001232 as of press time.