Shitcoins ETH, SOL, and DOGE Face Stronger Corrections 💣💣💣
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- ETH corrected by 9%, losing the support level of $3,550, trading at $3,346, possibly testing $3,000 again. Large holders selling ETH to repay debts exacerbates the decline. $4,000 will become a breakout point, similar to the $1,400 of the 2020-21 cycle.
Solana Price Breaks Below $200:
- SOL has performed poorly since its November highs, losing the $200 support level today, trading at $193. Analyst Lieutenant Ponzi is watching the SOL weekly chart, noting that $165-170 is a key focus area, which may become a resistance or reversal zone.
Dogecoin DOGE Price Plummets:
- DOGE corrected by 13.5%, with a weekly drop of over 22%, trading at $0.31. Coinglass data shows that DOGE liquidations reached $55 million, with $44 million from long positions.
DOGE needs to close above $0.26 weekly to maintain a bullish outlook; if it recovers to $0.42, it may soar to $4.
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