CandleFocus

Ethereum (ETH) $3,000 Comeback Is Over, Dogecoin (DOGE) 7.7 Billion Price Peaks, Will Shiba Inu (SHIB) 40% Price Growth Continue?

The price of Ethereum (ETH) has stalled and is struggling to break through the resistance level of the 100 EMA, making it difficult to predict where it will go next. Without a clear breakout above this level, ETH may have a harder time recovering its bullish structure. The lack of strong support below the current price level is also a concern. If ETH breaks below $2,400, the price may decline further.

On the other hand, Dogecoin (DOGE) has seen a significant increase in volume, indicating potential interest and a possible reversal or continuation of its recovery phase. While DOGE has retraced slightly from its local high of $0.15, there is still a lot of interest in the asset, suggesting a potential long-term recovery. Resistance at $0.15 and $0.18 are important levels to watch, and support may be found at $0.12.

Investors are also paying attention to Shiba Inu (SHIB) following its 40% price increase. SHIB is currently exhibiting a bullish trend and is in an ascending channel. Breaking through the resistance at $0.000020 could lead to a further rise towards the next resistance level at $0.000025. Support levels at $0.000012 and $0.000015 are critical for maintaining the bullish structure of SHIB.

Overall, the outlook for DOGE and SHIB seems positive, although ETH is facing challenges in maintaining its upward momentum.

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