The cryptocurrency market has shown mixed signals, with several key assets like Shiba Inu (Shib), Dogecoin (Dogeco) and Bitcoin (BTC) known to significant price movements and technical changes. While some show signs of stabilization, others encounter low -level patterns, which raises concerns concerning the drop in potential prices.
Shiba Inu (Shib): Mini Death Cross training Signals Sensation Lower
Shiba Inu recently formed a mini cross of death, a technical model that can suggest a continuation of its downward trend. The crossing between the exponential mobile average of 26 periods (EMA) and the EMA of 200 periods is often considered as a short -term lower indicator. Although this is not as commonly watched as the Cross of Death EMA EMA-200, it still signals a more dropping pressure potential on the price of SHIB.
Currently, Shib is negotiated around $ 0.00001942, showing a modest recovery of its recent stockings. However, the coming road remains difficult, with several imminent levels of resistance. The first short -term resistance amounts to 0.000020206, where the 100 EMA is located, followed by a stronger resistance to $ 0.0000217, which will be critical for Shib . The most significant level of resistance was previously $ 0.0000223, where Shib lost the momentum.
Upwardly, the price could cope with support for the recent lower by $ 0.0000180. If the sales pressure increases, the next levels of support to be monitored are $ 0.0000,175 and $ 0,0000,160. A break below the latter could lead to a more steep decline. The Mini Death Cross suggests that in less than Shib cannot regain the level of $ 0.0000217, it could find it difficult to maintain any recovery and can continue its downward trend in the near future.
Dogecoin (Doge): stabilization signs
After a prolonged price drop, Dogecoin seems to have found support around the $ 0.33 level. This support, associated with the 100 EMA, has helped prevent new declines. DOGE was negotiated between $ 0.33 and $ 0.34, showing signs of stabilization. However, for the price to go to a bullish trend, it must pierce several levels of resistance. The first resistance is $ 0.35, followed by a more critical level at $ 0.36, where Doge faced a rejection in the past.
The relative resistance index (RSI) for DOGE shows signs of stabilization, which indicates that the sale pressure has started to facilitate ease. The volume has also decreased, suggesting that the bearish momentum could slow down. If Doge can maintain its position above 100 EMA, it may have a chance to recover slowly, although a complete reversal can take time.
Bitcoin (BTC): the downward trend continues while the resistance holds
Bitcoin, the largest cryptocurrency by market capitalization, is currently having trouble crossing key resistance levels, and its price action indicates a short-term trend. After reaching a local peak of $ 109,459, the Bitcoin price has since fallen to $ 104,600, confirming a high drop and signaling a potential continuation of the downward trend.
However, Bitcoin remains above critical support levels, the 50 EMA at $ 101,400 and the $ 100 EMA acting as potential support areas. If the price continues to negotiate above these levels, Bitcoin could avoid a significant drop. However, Bitcoin must overcome the resistance at $ 104,600 to cancel the downward trend and potentially reward the level of $ 109,459. A drop below key support levels could point out an additional weakness, with a possible area of the $ 99,394 area and even a more severe correction towards the $ 82,610.
In conclusion, the cryptocurrency market remains volatile, with different altcoins like Shiba Inu, Dogecoin and Bitcoin showing signs of both potential recovery and continuous bearish pressure. Traders should closely monitor key technical levels for any sign of trend reversal or additional declins, because the market management is still uncertain.
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