š„š„š„ Bitcoin ($BTC ) Death Cross Here, Dogecoin ($DOGE ) Erases Another Zero, Should We Consider Shiba Inu ($SHIB ) Lifeless?
#Bitcoin's Potential Death Cross
- Bitcoin's 50-day EMA is approaching a cross below the 200-day EMA, signaling a potential death cross, often seen as a bearish indicator. This cross could lead to a price drop below $65,000 or even into the low $60,000 range. Currently, Bitcoin is trading near $68,489. To counter the bearish trend, bulls need to push the price above $70,000. A breakout could lead to a rally towards $75,000.
Dogecoin's Resistance
- Dogecoin crossed the $0.1012 mark but remains below its 50-day EMA, indicating resistance. DOGE would need to break above $0.11 to build bullish momentum, with further targets at the 100-day EMA at $0.12 and the 200-day EMA at $0.13. Without a breakout, it may fall back to $0.09 for consolidation.
Shiba Inu's Stagnation
- Shiba Inu (SHIB) has been flat, trading at $0.00001328, and remains below its key EMAs, signaling continued bearish momentum. A break above the 50-day EMA at $0.000014 could renew interest, with potential to push toward $0.00002. However, without a catalyst, SHIB may remain stagnant.
Source - u.today
