After sustained growth, most coins are facing a slight decline; However, there are some exceptions to the rule. Mainly Solana (SOL) rate is increasing by 2.55% over the previous day.
Bitcoin (BTC) could not bounce back above the $31,000 mark with a decline of 0.54%.
On the daily chart, the bulls are struggling to maintain the rate above $30,000. From a medium-term perspective, the price is located in the middle of the channel, which means there is a high probability of seeing the main coin trading sideways soon. However, if the daily candle breaks below $30,000, the bear pressure could continue towards $29,000 by the end of the week.
At press time, bitcoin is trading at $30,002.
DOGE has followed a minor drop in Bitcoin (BTC), which is down 0.84%.
DOGE is still facing trouble as the rate trades below the $0.08 mark. Thus, the price is located closer to the support than the resistance. If the selling volume picks up, a decline to the $0.075 area can be expected by the end of the month.
At press time, DOGE is trading at $0.0797.
SHIB is the biggest loser off the list as the drop has dropped to around 1%.
SHIB has already lost the $0.000111 level, which means that the bears continue to control the market conditions. Although the selling volume remains low, the bulls cannot seize the initiative. In this regard, one can expect a return to the $0.00010 mark in the next few days.
As of press time, SHIB is trading at $0.000001058.