koinmilyoner
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Bullish
⚡ DOGE, SHIB & PEPE Flash Sell Alarms — Meme Coin Carnage in Progress
MACD signals a sell signal, extending Dogecoin's 5% drop from Monday.
Selling pressure puts Shiba Inu at danger of a triangle.
Pepe approaches a psychological support as Death Cross approaches.
As cryptocurrency market selling pressure develops, meme currencies like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are falling. A rise in negative bets and technical outlooks showing lesser risks imply a downward path of least resistance.
Bearish bets rising
CoinGlass data reveals rising short holdings, indicating sell-side domination in DOGE, SHIB, and PEPE derivatives. This implies a widening risk-off mentality as most traders expect further losses.
Taker buy-to-sell volume shows 55% short holdings in the previous 24 hours, while SHIB optimism is even lower at 57%.
Dogecoin falls 2% at press time on Tuesday, extending its 5% decline from Monday and nearing the 50-day Exponential Moving Average at $0.2163. A significant drop below the 50-day EMA might reach $0.2100 at the 200-day EMA.
DOGE/USDT daily chart.
If Dogecoin flips off the 50-day EMA, it might retest $0.2407, last touched Sunday.
A decisive closing below the support trendline at $0.00001244 would invalidate the triangular pattern and continue the slide to $0.00001166.
Like DOGE, the MACD and signal line flashed a sell signal on Monday as negative momentum grew. As purchasing pressure diminishes, the RSI falls to 43.
SHIB/USDT daily chart.
SHIB might retest the 50-day EMA at $0.00001304 if it bounces inside the triangle.
Pepe may lose mental support.
On the daily chart, Pepe risks a symmetrical triangle collapse like SHIB. The frog-themed meme currency fell over 1% at press time on Tuesday, extending its 3.96% drop from Monday.
A negative day close might break the pattern and drop $0.00001000 psychological support to $0.00000986.
PEPE should recapture the 200-day EMA around $0.00001120 to resume bullishness.
#PEPE #DOGE #SHIB $PEPE $DOGE $SHIB
MACD signals a sell signal, extending Dogecoin's 5% drop from Monday.
Selling pressure puts Shiba Inu at danger of a triangle.
Pepe approaches a psychological support as Death Cross approaches.
As cryptocurrency market selling pressure develops, meme currencies like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are falling. A rise in negative bets and technical outlooks showing lesser risks imply a downward path of least resistance.
Bearish bets rising
CoinGlass data reveals rising short holdings, indicating sell-side domination in DOGE, SHIB, and PEPE derivatives. This implies a widening risk-off mentality as most traders expect further losses.
Taker buy-to-sell volume shows 55% short holdings in the previous 24 hours, while SHIB optimism is even lower at 57%.
Dogecoin falls 2% at press time on Tuesday, extending its 5% decline from Monday and nearing the 50-day Exponential Moving Average at $0.2163. A significant drop below the 50-day EMA might reach $0.2100 at the 200-day EMA.
DOGE/USDT daily chart.
If Dogecoin flips off the 50-day EMA, it might retest $0.2407, last touched Sunday.
A decisive closing below the support trendline at $0.00001244 would invalidate the triangular pattern and continue the slide to $0.00001166.
Like DOGE, the MACD and signal line flashed a sell signal on Monday as negative momentum grew. As purchasing pressure diminishes, the RSI falls to 43.
SHIB/USDT daily chart.
SHIB might retest the 50-day EMA at $0.00001304 if it bounces inside the triangle.
Pepe may lose mental support.
On the daily chart, Pepe risks a symmetrical triangle collapse like SHIB. The frog-themed meme currency fell over 1% at press time on Tuesday, extending its 3.96% drop from Monday.
A negative day close might break the pattern and drop $0.00001000 psychological support to $0.00000986.
PEPE should recapture the 200-day EMA around $0.00001120 to resume bullishness.
#PEPE #DOGE #SHIB $PEPE $DOGE $SHIB
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