The article discusses the technical indicators and support/resistance levels for three cryptocurrencies: Shiba Inu (SHIB), Dogecoin (DOGE), and Bitcoin.
For SHIB, a mini death cross has formed with the 26 EMA crossing below the 200 EMA, indicating short-term bearish sentiment. SHIB is trading at $0.00001942 and faces resistance levels at $0.0000206, $0.0000217, and $0.0000223. It needs to hold onto support levels at $0.0000180 and $0.0000175 to prevent a steep drop.
For DOGE, the 100 EMA at $0.33 has acted as crucial support, and breaking above it could lead to a reversal or stabilization. DOGE faces immediate resistance at $0.35 and further resistance at $0.36 and $0.38-$0.40. The RSI is stabilizing, indicating a waning of selling pressure.
For Bitcoin, it is still above important support levels at the 50 EMA ($101,400) and 100 EMA ($92,464). Overcoming resistance at $104,600 is the main obstacle for Bitcoin, and a retracement towards the EMAs is possible if sellers continue to pressure the price. A decline below the support level of $99,394 could expose Bitcoin to a more severe correction towards the 200 EMA at $82,610. The outlook for Bitcoin will turn bullish if it breaks above $104,600.
Content Editor ( u.today )
- 2025-02-01
Shiba Inu (SHIB): Mini Death Cross Formed, Dogecoin (DOGE) Plummeting Finally Stops, Bitcoin (BTC) Actually in Downtrend?
