BTC, ETH, DOGE and SHIB Price Analysis for May 19


Bulls could not dominate for a long time, and most of the coins have returned to the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has lost the support at $30,000, falling by 2.12% over the last 24 hours.

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

On the daily chart, Bitcoin (BTC) is trading in the middle of the wide range between the support at $25,400 and the resistance at $32,950. At the moment, a further drop is more likely than a rise as the main crypto is below $30,000. In addition, the selling volume has increased, which confirms bears’ power.

Bitcoin is trading at $29,165 at press time.

ETH/USD

Ethereum (ETH) is following Bitcoin (BTC) with a decline of 3.96%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) has fixed below the important level at $2,000, which means that it is too early to think about a reversal. If bulls cannot seize the initiative, the downward move can continue to the zone around $1,800.

Ethereum is trading at $1,927 at press time.

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DOGE/USD

DOGE is not an exception to the rule, falling by 6.29% since yesterday.

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

DOGE has continued the drop after a failed attempt to fix above the $0.09 mark. If buyers cannot hold $0.08, the meme coin has all the chances to test the nearest support at $0.07 until the end of the month.

DOGE is trading at $0.0833 at press time.

SHIB/USD

SHIB is the biggest loser from the list today, going down by 7.33%.

SHIB/USD chart by TradingView
SHIB/USD chart by TradingView

SHIB is coming back to the recently tested support level at $0.000011. If the daily candle fixes near and the selling volume rises, traders might see a further drop below $0.000010. Such a scenario can happen within the next few days.

SHIB is trading at $0.00001147 at press time.


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