Ethereum, Shiba Inu and Dogecoin all face pressure after the recent pullback, but the technical setup suggests moving forward with different passes. Ethereum looks the weakest and struggles nearly $4,000 at the risk of deeper losses if key support fails. Shiba Inu is integrated, indicating that there is limited sales pressure and room for recovery if buyers intervene. It also fixes Dogecoin, but retains a stronger level of support, and may stage rebound if it regains short-term momentum.
Ethereum slip
Ethereum (ETH) has experienced a significant decline, putting its $4,000 mark at risk. The weakness is indicated by a recent break from the symmetrical triangular pattern, as ETH drops sharply after failing to maintain integration. Ethereum is currently trading at nearly $4,185, down more than 5% from the previous session.
The breakdown is noteworthy as ETH has been firmly integrated for several weeks and traders expected an increase in volatility. When the breakout became bearish, the Bulls were disappointed and confirmed resistance at $4,600, increasing sales pressure.
The mixed picture is drawn based on the moving average. After breaking the 50-day moving average, ETH relies on the 100-day average. This is $3,880 for the next important support. If that doesn’t work, the $3,378 200-day average could turn into a major downside goal, potentially wiping out most of the summer gathering.
Also, the volume has skyrocketed in recent years, indicating that the seller is currently in charge. The relative strength index (RSI) fell below 40 before entering bearish territory. This supports the notion of lower ETH, but may also suggest a possible short-term relief bouncing.
Ethereum risks a plunge if $4,000 is lost, and will test its $3,800 support almost instantly. Failure at this level will lead to a major change in market sentiment, as $4,000 is considered a psychological and technical anchor.
Ethereum holders are currently facing important times. Restoring reliability requires bounces of over $4,400, but the momentum is now moving further downwards. It seems unlikely that ETH could lose $4,000 in recent weeks.
Shiba Inu’s pressure
After temporarily breaking the symmetrical triangle that has been formed since the middle of the year, Shiba Inu is currently trading under pressure of nearly $0.0000122. At first, this movement appeared to be the beginning of a longer downtrend, but the current situation indicates that there is still hope for recovery.
There is no consistent sales pressure here, the most important factor. Data on the chain shows an identifiable increase in exchange inflows despite recent declines, indicating that holders are not in a hurry to sell their holdings. The Sibu has a relatively calm on the supply side, which means it will be stable and likely to push higher in the near future.
As the 200-day EMA continues to function as a broad support zone of around $0.0000100, your daily chart will display integrated SHIBs among the major moving averages. A sign that no surrender has occurred is the recent volume of red candles, which has not increased significantly. With Shib regaining the range from $0.0000130 to $0.0000135, the Bulls could regain momentum.
At about 41, the relative strength index (RSI) indicates that the market is somewhat sold. This may serve as fuel for short recovery rallies as technical traders are looking for opportunities to re-enter. A general trust recovery starts with a recovery to the $0.0000140 zone.
It may not seem far, but if the fourth quarter market level is turned off, you will have access to $0.000020. As demand increases, Shiv has historically demonstrated its ability to move quickly, and the lack of significant exchange sales gives credit to that theory.
In other words, the inus of Shiva is still relevant today. There is still room for recovery as there are no strong sales signals or technical indicators pointing to excessive levels. If the buyer picks up steam again, $0.000020 remains a viable target.
Dogecoin’s hidden strength
DogeCoin is currently trading at around $0.23 and has experienced a significant decline after testing resistance at around $0.30. The main bullish cards on the chart may place Doge for it to go towards $0.32, despite initially appearing to be suppressed.
Doge recently fell straight to the 50-day exponential moving average (EMA). This serves as an important level of support at this time. The current configuration increases the likelihood that Doge will use 50 EMA as the launchpad for Recoveryies, as it has been in the past. As long as this level is maintained, larger bull structures will not be affected.
Volume trends indicate that sales pressure was not particularly strong. There are more red candles, but the intensity does not indicate panic and allows buyers to re-enter the market. Furthermore, the market willingness to defend key price ranges is shown by Doge’s higher lows.
The Relative Strength Index (RSI), currently at 45, is approaching neutral. This will promote the concept of a recovery overview and reduce the likelihood of an overheating market. If Doge can regain $0.25 in the near future, the road to resistance from $0.28 to $0.30 could quickly open. If there is a breakout from there, the price may ultimately test $0.32.
It is important to be aware of Dogecoin’s resilience compared to other assets. Despite volatility, the ability to maintain a trend above the long-term average, such as the 200 EMA, indicates that its value base has not been lost.
