After inserting the pin, the second and third waves return to the pin position, which is a structural mechanics problem

Why have $DOGE and $SHIB been doing so poorly lately? The truth has arrived!

These two dog-themed cryptocurrencies have really taken a big hit recently, just the day before they dropped significantly, and on Wednesday, they broke an important support line. Looking at the on-chain data, the indicator measuring traders' profits and losses is shooting up, which indicates that many retail investors in the market have made some money and are now eager to cash out.

From a technical perspective, the relative strength index (RSI) for DOGE and SHIB is both showing signals of decline, which means they will likely remain sluggish for a while. If this continues, DOGE may drop to $0.3, and SHIB may fall to $0.000019.

It’s actually quite normal when you think about it; when these dog coin holders see profits, they are eager to cash out and leave. Coupled with the overall market downturn, the selling pressure becomes even greater. When market sentiment is poor, everyone panics, resulting in even sharper declines.

Although the overall market is slightly sluggish right now, opportunities will always come. When that happens, I will help everyone find those altcoin profit opportunities and buy the dip in spot trading. Like and comment, let’s seize the big opportunities together!
#市场调整策略 #DeFAI热点 #加密市场回调