Shiba Inu (SHIB) Price Explosion is Close, Ethereum (ETH): "Fork" Indicator Hints $3,000, Dogecoin (DOGE): Massive Squeezing
2025-07-09 00:12:06
Main Idea
The article discusses potential price movements for Shiba Inu (SHIB), Ethereum (ETH), and Dogecoin (DOGE), highlighting key technical indicators and resistance levels that could signal upcoming volatility or breakouts.
Key Points
1. Shiba Inu (SHIB) is consolidating near the 26 EMA resistance at $0.0000117, with RSI at 45 suggesting room for upward movement, but a rejection could push it back to $0.0000110 support.
2. Ethereum (ETH) shows a 'fork' indicator between moving averages, hinting at rising volatility; a breakout above $2,600 could target $3,000, with RSI at 53 indicating balanced momentum.
3. Dogecoin (DOGE) is trapped in a narrow channel near the 26 EMA resistance at $0.168; a breakout could target $0.185-$0.20, while failure may lead to a retest of $0.15 support.
4. Volume and momentum are critical for confirming breakouts in SHIB and DOGE, while ETH's price action depends on overcoming the $2,500-$2,600 consolidation range.
5. The article notes that explosive price movements in either direction are possible for these cryptocurrencies due to compressed volatility and technical patterns.
Description
Market has chance for recovery, but it might not come fast
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