Dogecoin (DOGE) e Shiba Inucoin (SHIB) caíram abaixo dos principais níveis de suporte na quarta-feira, após cair 9% no dia anterior. Os indicadores do provedor de dados on-chain Santiment mostram um aumento acentuado nos indicadores de NPL para essas moedas meme com tema de cachorro, o que significa que os comerciantes estão obtendo lucros, aumentando a pressão de venda. A análise técnica mostra que o índice de força relativa (RSI) do DOGE e do SHIB apoia uma tendência de baixa. Se o DOGE continuar rejeitando, poderá cair para US$ 0,30. Se o preço do SHIB continuar a se ajustar, poderá cair para US$ 0,000019. A recessão global deverá continuar.
Dogecoin and Shiba Inu prices fell below critical support levels on Wednesday, dropping 9% the previous day.
Santiment's poor loan metrics for these dog-themed memecoins show significant peaks, indicating that traders have realized profits.
The technical outlook suggests that the downturn will continue, as the RSI for both memecoins supports a bearish trend.
Dogecoin (DOGE) and Shiba Inu (SHIB) prices fell below critical support levels on Wednesday after dropping over 9% the previous day. On-chain data provider Santiment's profit/loss (NPL) metric shows that these dog-themed meme coins have surged significantly, indicating traders have realized profits.
The technical outlook suggests that the downturn will continue, as the relative strength index (RSI) for memecoins shows bearish trends.
Dog-themed meme coin traders are realizing profits and increasing selling pressure.
On-chain data provider Santiment's network profit/loss (NPL) shows a significant surge in these dog-themed meme coins.
This metric calculates the daily network-level return on investment (ROI) based on the on-chain trading volume of the tokens. Simply put, it is used to measure market pain. A significant surge in token bad loans indicates that, on average, their holders are selling their bags at considerable profits. On the other hand, a significant drop means that token holders are suffering losses on average, indicating panic selling and investor capitulation.
For Dogecoin, the metric increased from 36.01 million on Monday to 133.68 million on Tuesday. During the same period, SHIB also saw similar growth, increasing from 1.18 million to 4.2617 million. These peaks indicate that holders are selling their bags at a substantial profit on average, adding to the selling pressure.
Dogecoin Price Prediction: DOGE shows signs of weakness.
Dogecoin's price faces rejection at the 61.8% Fibonacci retracement level, which retraces from the high of $0.48 on December 8 to the low of $0.26 on December 20 ($0.40), down 10.27% on Tuesday. As of Wednesday when this article was written, its price hovers around $0.35.
If DOGE continues to be rejected, its decline could expand by 13% to retest the next daily support level of $0.30.
The relative strength index (RSI) on the daily chart is at 48, below the neutral level of 50 and pointing downwards, indicating bearish momentum.
Shiba Inu Price Prediction: Expected to see a double-digit crash.
On Saturday, Shiba Inu's price was rejected at the 61.8% Fibonacci retracement level ($0.000024) from the low of $0.000010 on August 5 to the high of $0.000033 on December 8, falling 10.73% until Tuesday. As of Wednesday when this article was written, its price continues to decline slightly, around $0.000021.
If SHIB continues to adjust, its decline could expand by 11% to retest the next daily support level of $0.000019.
The RSI indicator on the daily chart is at 41, below the neutral level of 50 and pointing downwards, indicating strong bearish momentum.
