The last day of the month seems to be bad for the cryptocurrency market as all the top 10 tokens are once again in the red zone.
CoinMarketCap's top tokens
Bitcoin (BTC) started the new week down, dropping 2.14%.
TradingView's K-line chart of BTC/USD
Despite the decline, prices are approaching resistance at $40,000 on the daily chart.
If the volume of purchase transactions increases and the candle is fixed at around $39,000, there is a chance to see further growth. This situation is relevant until the end of the week.
At press time, Bitcoin was trading at $38,826.
DOGE was the biggest "winner" on today's list, with a 1.45% drop.
TradingView's DOGE/USD K-line chart
DOGE has managed to rebound from the $0.1204 support level, confirming the strength of the bulls. If buyers are able to hold this level, they can expect consolidation in the range of $0.1260 to $0.13 in order for bulls to gain more energy for further price gains.
However, if sellers take the initiative, it is possible to see a break of the support level soon.
At press time, DOGE was trading at $0.1256.
SHIB was the major loser today as the mem token fell 2.56%.
SHIB/USD K-line chart in trading view
From a technical perspective, SHIB is trading similar to DOGE as it is also trading above the support level of $0.00002310. Currently, the token has added upward momentum. In this case, if the daily candle is fixed above $0.000025, the growth could soon continue to the nearest resistance level of $0.00002755.
At press time, the SHIB was trading at $0.00002430.