The current market situation has shown significant differences from the early stages of a bull market.
Shiba Inu (SHIB) has recently seen a significant price drop. After a wave of standard rebound trends, SHIB faced strong resistance around $0.0000125, which was considered a key point for short-term breakthroughs. This resistance reveals its vulnerability in the current market and has consumed the gradual gains accumulated over the past few days.
The reversal signal that could have formed on the daily chart has been disrupted by resistance right at the 50-day moving average. Currently, SHIB is priced at about $0.0000121, with a daily drop of nearly 3%, and momentum is clearly weakening. It has just lost the support level of $0.0000118 and is trying to test the key moving average, although buying pressure has slightly warmed up, the overall technical situation remains bleak.
When trading volume shrinks again, it further confirms the price drop, showing that buying momentum is insufficient to break through the heavy resistance above. In the short term, SHIB is likely to oscillate between $0.0000114 and $0.0000122. RSI has dropped to 45, indicating that the current market is neither overbought nor does it lack strong momentum to support bulls.
If SHIB fails to hold the $0.0000114 support, it may fall back to the $0.0000105 area, which is the starting point of the previous large fluctuations. Conversely, if the price breaks through $0.0000126 with volume, it may hope to stimulate upward momentum again, initiating a new round of increases.
ETH has shown downward fluctuations, entering an adjustment phase in the short term.
Ethereum's recent drop from $3,700 was surprising, but the actual situation is not so pessimistic. Previously, ETH had accumulated over a 35% increase within a few weeks, and encountering resistance near $3,700 is a normal adjustment. Currently, the candlestick chart shows a further decline of over 2%, priced around $3,640, and forming a short-term downtrend line.
From a technical perspective, this looks more like a normal correction. The good news is that there are currently no obvious bearish volume signals. Throughout the correction phase, trading volume has consistently decreased, and the appearance of today's bearish candle is also related to sluggish trading. Importantly, there has been no strong downward movement typically accompanied by a volume reversal.
In addition, although ETH has cooled down, it has not yet entered the oversold zone, with RSI still above 57, indicating limited bearish momentum. Therefore, this round of decline seems more like a technical digestion rather than a trend reversal. If the price finds support near the 20-day moving average (around $3600), especially after market sentiment stabilizes, ETH may quickly rebound.
Once buying pressure increases and drives the price back above $3,700, if it successfully breaks through the downtrend line, the rebound momentum will further strengthen. If the 20-day moving average support fails, the market may focus on the 50-day and 100-day EMA, located at $3,300 and $3,100 respectively, as the next potential support.
DOGE is poised to take off.
From the current trend, it seems almost inevitable that Dogecoin will fall below $0.20. Since hitting a high of about $0.29 in mid-July, the price has continued to decline. The $0.213 area has clustered the 50-day and 200-day EMA, becoming a resistance band that recent pullbacks cannot surpass.
Today, the price fell by 3%, further validating the market's lack of support at this high level. The chart shows: shrinking trading volume, continuously declining highs, RSI momentum dropping to 51, all signs indicating that Dogecoin is entering a weak phase.
If the $0.20 level is lost, it will not only break a key support but also reverse this psychological threshold into a new resistance level.
The next support is around $0.19 (corresponding to the 100-day moving average). Once $0.20 is lost, the price may further explore the demand area around $0.175. Due to the lack of effective trading volume to support the rebound, this area is highly likely to become the target point for the price.
If the price officially falls below $0.20 and closes low on the daily chart, investors are best advised to wait for signs of stabilization. A more prudent strategy is to consider entering the market only after the RSI drops into the oversold zone and a rebound signal or key reversal candlestick appears. The current trend lacks the speculative sentiment of the past; unless the market experiences a sentiment reversal or a volume reversal, continuing the downward trend is a more realistic expectation.
SHIB
SHIB executives reveal the 'only winning strategy' for investors.
Recently, Lucie, the market director of the Shiba Inu team, shared her 'only reliable investment strategy' with SHIB holders and crypto investors through a tweet.
She emphasized that this method is suitable for all investors and regular investors, which is to 'buy low and sell high'.
This strategy is not only commonly used in the crypto market but is also favored by professional traders.
Considering the increasing number of newcomers to the market, Lucie has provided a detailed interpretation of this strategy for them.
A few days ago, Lucie expressed her views, analyzing why the crypto and overall markets continue to languish and incur losses. She pointed out four main reasons:
First, the trade tariffs imposed by the U.S. on multiple countries are disrupting the global economy, although agreements for lower tariffs have been signed in places like the EU;
Second, recent weak employment data reflects instability in the U.S. economy, exacerbating market concerns;
Third, massive profit-taking has led to large-scale liquidations on crypto exchanges;
Finally, the phenomenon of capital outflow from Bitcoin spot ETFs is also an important influencing factor.
As of the time of writing, Bitcoin is priced at $114,108, partially recovering from its drop; SHIB is trading at about $0.00001214, ranking 22nd, with recent performance seeing a decline.