- Dogecoin and Shiba Inu prices continue to drop on Monday after falling by more than 10% the day before.
- These even dog -based themecoins liquidated more than $ 90 million of leverage traders in 24 hours.
- The technical perspectives suggest a continuation of the Downleg, because the two even Momentum indicators of the same promote the movement down.
Dogecoin (DOGE) and Shiba Inu (SHIB) prices continue to drop on Monday after falling by more than 10% the day before. The recent slowdown has liquidated more than $ 90 million in these same dog theme in the last 24 hours. The technical prospects suggest the continuation of the slowdown, both like a momentum indicators Show a downward trend.
DOG Memecoins Traders is faced with a massive erasure
The theme based dog and Shib has decreased by more than 17% in the last two days. The parts continue their two -digit decreases on Monday, triggering a wave of liquidation, causing more than $ 90 million in total liquidations and more than $ 80.91 million specifically in DOGE, according to Corglass data.
Huge liquidations like this could trigger fear, uncertainty and doubt (Fud) among the same investors based on the dog’s theme and could lead to an increase in sales pressure, resulting in an additional drop in his price.
DOGE Liquidation Chart. Source: Coringlass
SHIB liquidation graph. Source: Coringlass
Dogecoin price forecasts: Bears take the lead
Dogecoin price Rejection in front of its level of fibonacci retracement of 61.8% January 21 (taken from the December 8 summit of $ 0.48 at the lowest of December 20 of $ 0.26) to $ 0.40 and decreased by 27.80% in the next 10 days, ending in Below of its 200 -day EMA at $ 0.31 on Saturday. At the time of the editorial staff of the editorial staff on Monday, he continued to negotiate by 13.4%, or about $ 0.23.
If Doge continues to crash, it could extend its drop in testing its weekly support to $ 0.18.
The relative force index (RSI) on daily life chart reads 25, below its levels of occurrence of 30, indicating a strong lower momentum. In addition, the divergence of mobile average convergence (MacD) also continues to show a lower crossover, suggesting the continuation of a downward trend.
DOGE / USDT daily graphics
Shiba Inu Prévisions: Bears aims at $ 0.000010 Brand
The price of Shiba Inu broke and closed below its ascending trend (drawn from the connection of several stockings since August 5) on January 24 and decreased by 22.22% in the next 8 days, Closing below the lowest November 3 of 0.000016 $ Sunday. When writing the editorial’s time on Monday, he continued to negotiate 11.61%, or about $ 0.000013.
If Shib continues its correction, it could extend its drop in testing the lowest of August 5 of $ 0.000010.
The RSI on the daily graphic reads 23, below its levels of occurrence of 30, indicating a strong lower dynamic. The MacD also continues to show a lower crossroads, suggesting the continuation of a downward trend.
Ship / USDT daily graphics