The Shiba Inu token is experiencing a significant decline due to a sell-off, with the token falling below the pivotal 200-day EMA and losing investor confidence and market activity. Large holders are exacerbating the situation by offloading their positions. Finding support at current levels is difficult due to the selling pressure. If selling pressure persists, the token may test support levels at $0.000015 or even fall as low as $0.000011. However, a reversal is not out of the question if SHIB can recover the $0.00002 level with increased volume. Overall, the short-term prospects for SHIB are bleak.

Dogecoin is also facing a decline, approaching its crucial support level at the 100-day EMA. Breaking below this level may lead to a reversal of its recent gains and a prolonged bear market. The decrease in volume and declining Relative Strength Index (RSI) further paint a bearish picture for DOGE. A recovery is possible if DOGE can regain its position above the 100-day EMA and see an increase in purchasing activity. If not, DOGE may face additional declines down to $0.20.

Bitcoin's decline below $100,000 is causing concern among investors. However, technical indicators suggest a recovery may not be far off. The 50-day EMA serves as a crucial support level, and if Bitcoin remains above it, bulls are still in control. Buying pressure could push Bitcoin back above $100,000 in the coming days, and there are currently no signs of a significant breakdown in its overall structure. Restoring confidence and potentially starting another rally would require breaking and maintaining momentum above $100,000, while a failure to hold the 50 EMA may result in further decline down to $91,000.



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