The price trend of Shiba Inu is consolidating within a clear symmetrical triangle, indicating that the company is about to face an important turning point. The price of SHIB has been consolidating around $0.0000126 for several weeks, and its structure suggests that a breakout, whether upward or downward, is almost inevitable in the coming trading days. SHIB has repeatedly tested resistance and support levels on the chart, and the indecision of traders is reflected in the contraction of volatility. A strong resistance level, particularly around $0.0000132-$0.0000140, still looms above the market, along with the 100-day and 200-day moving averages. On the downside, the support level around $0.0000120 remains strong, providing stability for SHIB despite general market volatility. With the price trend narrowing, SHIB is essentially forced to make a swift decision. As trading volume begins to rise slightly, market participants seem to be preparing for a breakout.
The RSI is at 48, indicating that the market is in a neutral state, further supporting the view that the momentum formed at the triangle's apex may determine the next major move. If SHIB can solidly close above $0.0000135, it may be ready for a stronger reversal attempt. The breakout target could be in the $0.0000150-$0.0000160 range. However, if the support level at $0.0000120 is breached, SHIB could potentially fall back to lows near $0.0000105. This could exacerbate bearish sentiment in the fourth quarter.
Finally, the window for SHIB's consolidation is closing. According to the symmetrical triangle, SHIB needs to take action in the coming weeks (or even sooner). While patience is required at the moment, the momentum brought by a breakout could determine SHIB's trend in the coming months. The opportunity for SHIB to truly choose its next move is right in front of it: will it fall back down or rebound upward?
XRP Long-term Uptrend Market structure suggests that this move may ultimately be a false breakout rather than the beginning of a long-term uptrend, despite XRP testing its resilience at the $3.00 level again. As XRP's price approaches the apex of a classic triangle pattern (which often leads to explosive breakouts), the cryptocurrency is currently consolidating within this pattern. However, it is worth noting that XRP's trading volume is nearly zero, raising questions about the strength of any rapid increase. Low trading volume typically indicates uncertainty from both buyers and sellers.
When prices rise without strong volume support, it often leads to a pullback. This risk intensifies as the market approaches psychological thresholds (such as the $3.00 level tested multiple times in recent weeks). The 200-day moving average ($2.49) and the 100-day moving average ($2.80) continue to technically support XRP, playing a crucial role in maintaining its overall upward trend. However, these moving averages can only provide temporary support until volume increases, and do not guarantee long-term upward momentum. The market neutrality reflected by an RSI of 49 further indicates that XRP lacks a clear directional driving force. If volume remains unchanged, XRP may pull back to $2.80 and could test the 100-day moving average again. On the other hand, if trading activity unexpectedly surges, a breakout above $3.10 could open the door to a rally towards $3.40-$3.50. The current price trend leaves traders in a state of uncertainty: XRP is on the verge of a significant move, but it remains unclear whether this is a true rebound signal or another false move without volume confirmation. Key obstacles for Dogecoin Dogecoin shows signs of recovery again, with trading prices near $0.224, about to break through a key resistance level. Looking at the daily chart, Dogecoin has successfully broken through an ascending support level, restoring its short-term upward trend, demonstrating resilience even in uncertain market conditions. Before Dogecoin attempts a broader rebound, the 50-day moving average (currently the last significant resistance level) is the final technical barrier that needs to be broken.
With higher lows and strong buying support around $0.21, Dogecoin's price trend indicates that it has been steadily rising since mid-July. Investor confidence has been restored, with prices returning above the 100-day and 200-day moving averages, but the 50-day moving average remains the upper limit of its rise. If Dogecoin decisively closes above this line, momentum may shift in its favor, potentially targeting the $0.25-$0.27 range soon. The support area around $0.21 remains very important on the downside. If Dogecoin falls below this level, it may test $0.19 again, which would reverse much of the recent bullish momentum. However, relatively stable trading volume indicates that buyers are still willing to support Dogecoin's current structure. The next move will completely depend on whether Dogecoin can turn resistance into support, as the RSI around 50 indicates market neutrality. Especially considering DOGE's position as a momentum-driven asset, a successful breakout could spark new interest from retail and speculative investors.
