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DOGE Eyes Upside Break as Bitcoin and Ether Consolidate Above Support
Bitcoin is stabilizing above the $48,100 support level, ether is stalled below $4,000, and DOGE might rise if it breaks through the $0.1950 resistance level.
Bitcoin
After battling near $49,500, bitcoin’s price began to fall. BTC was trading below the $49,000 support level. It even fell below the $48,500 mark and the 21-day simple moving average (H1).
The bulls, on the other hand, are presently defending the $48,100 support zone. If there is a decisive move below $48,100, it appears that the price might fall significantly. The next significant support is close to $47,000.
On the upside, bitcoin is encountering resistance at the $48,800 mark, as well as a bearish trend line that connects. A clean break above the trend line might send the price up to $50,000.
Ethereum (ETH)
Ethereum has begun a new drop below the $4,000 support level. The price fell below $3,950 and the 21-day simple moving average (H1). The bulls are now in charge of defending the $3,900 support zone.
A breach below $3,900 on the downside might signal a steep drop. On the upside, the price is encountering resistance at $3,950. On the hourly chart, a big negative trend line is forming with…
