However, as this high was smaller compared to the December summit, the market interpreted it as a lower sign of demand and the prices collapsed right after.
One of the factors that influenced this drop was the decision of the Federal Reserve to take a neutral position on interest rates.
DOGE has now broken two important levels of support and is currently being broken down. The last support is in the $ 0.20 area, which served as a floor during the flash accident last Sunday. This means a drop potential of -18.6%.
Meanwhile, no signal of a trend reversal can be identified in the relative resistance index (RSI) or the MacD, because the latter continues to publish lower stockings. Although RSI got closer to the territory of occurrence, it has not yet crossed the lower threshold and is still sitting at 24.2% below the signal line which could indicate an opportunity to purchase.
Shiba Inu (Shib) could reverse
Likewise, the Shiba Inu The graph (SHIB) shows a strong downward trend that has led to the collapse of chip prices after losing several key supports in the past two weeks.