Shiba Inu (SHIB) loses major support, XRP bullish pattern invalidated, Dogecoin (DOGE) reaches key support level 🔥🔥🔥
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Shiba Inu recent updates:
Shiba Inu has fallen 9%, breaking key support levels of 50 EMA and 100 EMA, putting it in a precarious position for the future, highlighting the fragility of any rebound.
A decrease in trading volume may indicate a weakening bearish momentum, but recovery will depend on market sentiment and buyer confidence.
If it cannot hold above 100 EMA, the next target may be $0.00002045; if there is a significant rebound, it could return to $0.00002300 and test 50 EMA.
XRP recent updates:
XRP has broken below the descending price channel, but the bullish momentum has not materialized, invalidating the bullish pattern. The current trading price is around $2.30, lacking buying interest and with declining volume.
If it drops below $2.10, it may test the $1.75 support; if it strongly breaks above $2.50 with increased volume, it could reignite bullish momentum.
Dogecoin recent updates:
After a nearly 200% increase, Dogecoin's price has slowed, and it is currently testing the key support level of 50 EMA. A decrease in volume may indicate that selling pressure is not strong, and the current decline may be a normal adjustment.
If it can maintain above $0.35, it may rebound to $0.40; if 50 EMA cannot hold, it may drop to $0.28. The short-term outlook depends on whether it can stay above 50 EMA, and investors should closely monitor changes in trading volume and market sentiment.
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