The cryptocurrency market exhibits significant volatility as several major assets encounter crucial resistance levels, suggesting potential bearish pressure.
Ethereum (ETH) is currently trading around $3,640. Analysts view its recent decline from the $3,700 peak as a healthy market cooldown. Potential for a rebound exists if buyer support materializes near the $3,600 level.
Dogecoin (DOGE) shows signs of weakness, facing the risk of falling below the $0.20 threshold. With resistance firmly established at $0.213, a failure to hold $0.20 may trigger declines towards lower support levels near $0.19 and possibly $0.175, indicating a developing bearish trend.
Similarly, Shiba Inu (SHIB) trades at approximately $0.0000121 and confronts significant resistance at $0.0000125. This resistance level presents a substantial barrier to upward movement for the meme-inspired cryptocurrency amid the broader market fluctuations.