When the news died down and the technical side had a death cross, the memecoin carnival was reduced to a mess!
Latest News Express:
Recently, the cryptocurrency market has been rubbed by two things: first, the continuous outflow of funds from Bitcoin ETFs, which has made it difficult for even the big coins to stand firm, and even harder for altcoins to stand out; second, the collective fever of memecoins has cooled, and DOGE and PEPE have also withered, and "old internet celebrities" such as SHIB lack new stories. The project side has not made any big moves, and the on-chain data also shows that the whales are secretly reducing their positions. Without new fuel, the price is like a motorcycle without oil - it roars but does not run!
Technical aspects:
The Bollinger Bands are squeezed into a crack: the upper and lower tracks are tightening wildly, and the volatility has hit a recent low. This is the calm before the storm!
The price is being pressed to the floor: it is stuck below the weak dividing line of the middle track, without even the strength to touch it, a definite weak shock.
MACD underwater death cross stamp：Double lines dive deep below the zero axis, and just cross! The green column almost disappears, and the shorts are in full control of the steering wheel.
Key positions are closely watched:Support level: 0.00001138 is the near-term lifeline. If it breaks, it may accelerate the fall.
Pressure level: Near the middle track of 0.0000123, the first barrier of rebound
The current price is 0.0000118, dancing on the edge of the abyss!
SHIB's sickle is hanging over your head! Do you want to be a leek or a hunter? Follow Da D, the professional team's analysis will help you accurately buy the bottom!$SHIB #SHIB
