Shiba Inu (SHIB) Lost it All, Dogecoin (DOGE): This is Unexpected, Ethereum (ETH) Is Too Strong
Main Idea
Shiba Inu (SHIB) and Dogecoin (DOGE) experienced significant price declines after initial gains, while Ethereum (ETH) showed strong bullish performance.
Key Points
1. Shiba Inu (SHIB) lost nearly all its July gains, falling from $0.000015 to $0.0000135, with failed breakout attempts and weakened bullish momentum.
2. Dogecoin (DOGE) surprised the market with a 22% decline after a strong rally, reversing most of its recent gains and damaging short-term outlook.
3. Ethereum (ETH) exhibited robust performance, breaking through resistance levels and maintaining bullish momentum, with potential to rise further if it stays above $3,500-$3,600.
4. SHIB's price stability is now dependent on support levels at $0.0000125 and $0.0000113, while DOGE's sell-off was confirmed by aggressive volume spikes.
5. ETH's strength is highlighted by its ability to resist market corrections, with technical indicators supporting continued growth.
Description
First correction turns out to be more problematic than it seemed before
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