On the last day of the week, traders took the lead as all of the top 10 coins returned to the green zone.
The price of Bitcoin (BTC) is up 6.29% in the last 7 days.
BTC/USD Chart by TradingView
In the medium term, Bitcoin (BTC) is poised to gain a foothold above the $22,400 mark. In addition, with the strength of the sellers comes a lot of volume, which indicates a high probability of further growth next week.
All in all, breaking above the above level could be a prerequisite for an upside move towards the $24,000 area next week.
Bitcoin is trading at $22,525 at press time.
DOGE has outperformed Bitcoin (BTC) as it is up 6.72% this week.
DOGE/USD Chart by TradingView
Despite upside potential, DOGE is trading sideways as it sits in the middle of a wide channel between support at $0.04978 and resistance at $0.07759. The low volume confirms that neither side is ready for a sudden move. Growth is possible only if DOGE returns to $0.07 and corrects there.
DOGE is trading at $0.06789 at press time.
SHIB posted the strongest gain on today’s list, with the price up nearly 7% over the past week.
SHIB/USD Chart by TradingView
SHIB made a false breakout of the local resistance level at $0.00001297. As long as the rate is lower, bears tend to be stronger than bulls. In this case, the most likely scenario is consolidation in the $0.000011 to $0.0000012 range so buyers can get more power for the next move.
At press time, SHIB is trading at $0.00001167.