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Crypto Under Pressure- XRP, SHIB, and DOGE at Technical Crossroads
Crypto Under Pressure– As broader crypto sentiment remains fragile, several high-profile assets — Dogecoin, XRP, and Shiba Inu — are nearing pivotal support levels, raising concerns over potential further declines.
Dogecoin Hangs by a Thread at $0.145
Dogecoin is approaching what may be its last strong support at $0.145 following a steep 35% drop from its local high. Technical indicators remain bearish, with the 50, 100, and 200-day moving averages now acting as firm resistance levels. The asset has consistently printed lower highs and lower lows — a hallmark of a continued downtrend.
“$0.145 is more than just a number — it’s historically served as a reliable bounce zone,” analysts note.
RSI is deeply oversold at around 27, yet volume continues to fade, suggesting weak bullish conviction. Without a catalyst like a market-wide recovery or renewed retail speculation, the chances of a sustained rebound remain limited.
XRP Breaks Down from Key Triangle Pattern
XRP has lost the critical $2 support and broken below its symmetrical triangle formation — a technical structure that had offered hope for a bullish breakout. The 200-day EMA has been breached, and trading volume surged on the breakdown, reinforcing the bearish signal.
This isn’t just technical noise — it’s a structural failure.
A retest of $2.05–$2.10 is possible, but without strong momentum, XRP risks sliding toward $1.80 or lower.
Shiba Inu Faces a Make-or-Break Moment
Shiba Inu is trading just above $0.000010, a crucial psychological and technical level. All major moving averages point downward, and the RSI is below 26, indicating extreme oversold conditions. However, with declining volume, any rebound may lack follow-through.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
