#加密市场回调
Price Trends of Dogecoin (DOGE) and Shiba Inu (SHIB) Amidst Crypto Market Turmoil
In-Depth Analysis of Dogecoin (DOGE) Price
(1) Recent Downtrend After experiencing a brutal decline in the past few days, Dogecoin's price has embarked on a downward path since the beginning of this week. The sharp drop in the middle of the week caused Bitcoin's price to fall below $95,000, which in turn affected Dogecoin's price, bringing it close to $0.26, a significant drop from the high of about $0.32. However, bulls are also fighting back, successfully pushing the price back above $0.31, but the current rebound is still shrouded in a bearish shadow.
(2) Weekly Chart Technical Analysis
The chart pattern and the Relative Strength Index (RSI) seem to exhibit a similar pattern. If the bulls can hold the support level of $0.33 before the end of this week, Dogecoin may welcome a new round of upward momentum.
Conversely, if the price fails to maintain this support level, it is very likely to further test below $0.20, triggering a large-scale sell-off.
(3) Outlook for Future Trends
In summary, bearish fluctuations remain a significant obstacle to the rebound of Dogecoin's price. However, if its closing price can break through $0.35, the current bearish trajectory will be broken.
In-Depth Interpretation of Shiba Inu (SHIB) Price
(1) Sharp Drop After Breaking the Rising Wedge
After breaking the rising wedge, Shiba Inu's price suffered a significant drop of over 30%. Although it seems to show signs of a bottom reversal from the current situation, the technical indicators convey different signals.
(2) Contradictory Signals from Technical Indicators
The Moving Average Convergence Divergence (MACD) shows a downward trend in buying volume, with the indicator suddenly turning towards a bearish crossover, indicating that the price may decline further. However, the Ichimoku Cloud is gradually turning bullish, suggesting that the current bearish trend may be coming to an end. Additionally, the bullish crossover between the baseline and the conversion line may also invalidate the current bearish trajectory.
(3) Importance of Key Trading Periods
Therefore, the price of Shiba Inu is currently in a crucial decisive phase, and the trading situation this weekend will have a more profound impact on its price trend for 2025. $DOGE $SHIB