BTC, DOGE and SHIB Price Analysis for March 2nd


Denys Serhiichuk

Could the cryptocurrency’s rise continue after a slight rollback?

After a few days of growth, some currencies are facing some corrections. Meanwhile, Solana (SOL) is the exception to the rule, rising more than 4% in the past 24 hours.

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BTC/USD

The price of Bitcoin (BTC) is facing a slight correction after a sharp rise in recent times. The decline is about 1% since yesterday.

BTC/USD Chart by TradingView

Despite the small drop in price, the price is about to hit the local resistance at $45,478. If bulls can hold the pressure until the end of the day, the level could break soon.

In this case, there is a chance to see the medium-term growth up to the psychological $50,000. However, in the event of a rollback to $40,000, the current scenario cannot happen.

Bitcoin is trading at $43,995 at the time of writing.

DOGE/USD

Unlike Bitcoin (BTC), DOGE is up 0.54% in the past 24 hours.

DOGE/USD Chart by TradingView

After the false break of the resistance at $0.1350, the price is returning to this level, showing the strength of the bulls.

If buyer pressure continues and volume picks up, there’s a chance DOGE growth will lead into the $0.14-$0.15 area through mid-March.

DOGE is trading at $0.1340 at the time of writing.

SHIB/USD

The SHIB price has fallen by 2.73% since yesterday.

SHIB/USD Chart by Trading View

SHIB was unable to track DOGE’s rise as it made a false breakout of the resistance at $0.00002755. If bulls fail to hold the price from the current levels, there is a chance to see the decline towards the zone around $0.000025. Such a scenario is relevant until the end of the week.

SHIB is trading at $0.00002621 at the time of writing.

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