Warning: The opinions expressed by our writers are theirs and do not represent the opinions of U.TODAY. The financial and market information provided on U.TODAY is intended for information purposes only. U.TODAY is not responsible for the financial losses suffered during the exchange of cryptocurrencies. Perform your own research by contacting financial experts before making investment decisions. We believe that all the content is correct on the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu knows one of its largest decrees in recent history due to a spectacular sale. The technical structure of the token broke because it fell below the 200 -day EMA Pivot. In accordance with pessimistic prospects, Shib has experienced a spectacular drop in investor confidence and market activity, losing almost 60% of its commercial volume. The great holders, also known as whales, aggravate things by unloading their positions in large quantities.
It is practically impossible for SHIB to find solid support at the current levels due to the enormous sale pressure caused by this massive liquidation trend. Although their brutal departure frequently pre -summarizes problems to come, whales are generally considered as market stabilizers. Shib is currently negotiated well below the level of crucial support from $ 0.00002 to approximately $ 0.0000,1785.
Since the 200 -day EMA was raped, the token has now been vulnerable to even more serious corrections. Shib could test the next significant levels of support at $ 0.0000,15 if the sales pressure persists, and in the worst case, it could fall as low as $ 0.000011. The advantage is that a reversal is not completely out of the question. If Shib could recover the level of $ 0.00002 with a volume wave, it can draw speculative purchases and a deactivated level. However, this would require substantial participation in the market, which is unlikely given the current situation.
Short -term perspectives for Salogner are still dark overall. A downward image is painted by the combination of technical ventilations decreasing the volume and activity of whales. While the token crosses these perilous waters, investors must be extremely cautious. Shib could continue to decrease in the near future if there is no change in feeling or notable market catalysts.
Dogecoin falls strongly
While Dogecoin continues its sharp decline, it approaches a turning point. The 100 -day EMA, a level of crucial support which has traditionally served as an investor safety net, has already had a drop in value. There are important doubts about Doge’s ability to maintain its upward trajectory in the near future in the light of this violation. Dogecoin is currently negotiating between $ 0.32 and $ 0.25, which is dangerously close to its next significant level of support.
An entire reversal of his recent bullish rally would occur if he separated below this level, which would probably lead to a panic sales rush. After making such a movement, Doge could reverse its previous gains and enter a prolonged lower market. DOGE’The problems are aggravated by the lack of purchasing power. Due to the uncertainty of the market, the volume has decreased significantly, which suggests that traders are retreating.
Related
In addition, the decline is the index of relative resistance (RSI), which indicates that the momentum is firmly on the bearish side. DOGE May be able to avoid a greater correction if it can recover its position above the EMA of 100 days in the coming days. Given the general mood of the market, this would require a large increase in the purchase activity, which does not seem likely for the moment.
A rebound at this level, however, could give hope to the bulls and pave the way for a recovery gathering around $ 0.35 and more. Investors should now keep an attentive eye on the level of support of $ 0.25. Not only would a ventilation below this level mark the end of the bullish phase of Doge, but it could also pave the way for additional drops, perhaps reaching $ 0.20.
Bitcoin loses $ 100,000
With BitcoinThe recent decline of less than $ 100,000, investors are concerned. However, a more in -depth examination of its technical indicators suggests that a recovery may not be far away. The 50 -day EMA is a level of crucial support which has historically served as a launch ramp for price rallies, and this is currently where Bitcoin exchange. When Bitcoin remains above the EMA 50, which is frequently considered a turning point for short-term trends, the bulls are still in control.
Related
Given its current positioning, Bitcoin can return above $ 100,000 in the coming days if the pressure purchase resumes. In addition, there is currently no indication of a significant ventilation of the overall structure of the asset. For the moment, volume trends are incoherent. The sales pressure was not strong enough to push Bitcoin below other important levels of support such as $ 95,000 despite a recent drop in purchase interest.
The market can be consolidated and prepare for its next step, as the balance between buyers and sellers indicates. Taking up $ 100,000 and the maintenance of the momentum above this psychological barrier would be necessary for Bitcoin to confirm a recovery. Restoring confidence and possibly starting another gathering around $ 105,000 or more would be possible if this level was broken. On the other hand, Bitcoin could fall further if he is unable to hold the EMA 50, with $ 91,000 serving as a next crucial support.