Shiba Inu (SHIB): This Was Brutal, Ethereum (ETH) Fails at $3,700: But There's Catch, Dogecoin (DOGE) Says Goodbye to $0.2
Main Idea
Shiba Inu (SHIB), Ethereum (ETH), and Dogecoin (DOGE) experienced significant price rejections at key resistance levels, indicating short-term bearish trends and potential further declines.
Key Points
1. SHIB was rejected at $0.0000125, now trading at $0.0000121, with a likely short-term consolidation between $0.0000114 and $0.0000122.
2. Ethereum (ETH) failed to hold $3,700, now at $3,640, with potential for a rebound if buyers intervene near the 20 EMA at $3,600.
3. Dogecoin (DOGE) declined 3%, struggling to hold $0.20, with next support levels at $0.19 (100 EMA) and $0.175 if the drop continues.
4. SHIB's RSI at 45 and DOGE's RSI at 51 indicate neutral momentum, while ETH's RSI above 57 suggests a cooling-off phase without strong bearish reversal signals.
Description
Market's state very different from what we witnessed at beginning of this bull run
Latest News
- John Bollinger Issues Bitcoin 'Head Fake' Warning2025-08-06 20:29:07
- Ether Could Flip Bitcoin, Tom Lee Predicts2025-08-06 20:08:45
- PEPE at Risk of Adding Zero, But There's a Catch2025-08-06 17:59:25
- Bitcoin Witnesses Extremely Rare Bullish Signal, But There's a Catch2025-08-06 17:52:13
- Ripple vs SEC: XRP Community Awaits Crucial August Date2025-08-06 16:39:44