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BTC, DOGE and SHIB Price Analysis for March 11

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Bears are keeping the pressure on; however, some coins have come back to the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by 0.35% over the past 24 hours.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) is fighting for the $39,000 mark against a high trading volume. From the technical point of view, the rate keeps trading in a wide range, accumulating power for a further sharp move.

However, if the decline continues to the $38,000 level, there is a possibility of seeing the price decrease to the zone of $34,000-$35,000 shortly.

Bitcoin is trading at $39,045 at press time.

DOGE/USD

DOGE is the biggest loser from the list today as the drop has accounted for 0.45% since yesterday.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

DOGE has continued its drop after it could not fix above the $0.12 mark. Bears are keeping the pressure on against the declining trading volume. If nothing changes, there is a chance to see the test of the support level at $0.1065 once again. Such a scenario is relevant until the end of the week.

DOGE is trading at $0.1158 at press time.

SHIB/USD

SHIB is the only coin whose rate is in the green zone. It has risen by 0.30% over the past day.

SHIB/USD chart by Trading View
SHIB/USD chart by Trading View

Despite the rise, SHIB has gone below the important support level at $0.00002310. If buyers cannot seize the initiative and return the price to the bullish area, the decline may lead the rate to the next vital level at $0.00002071. All in all, the mid-term price action remains bearish as long as buyers cannot get back to the zone around $0.000024.

SHIB is trading at $0.0000224 at press time.

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