Shiba Inu (SHIB) Plummeting Can Be Stopped, Dogecoin (DOGE) Getting Squeezed, Ethereum (ETH) Explosion Next?

Cover Image: U.Today

Shiba Inu

Shiba Inu has faced downward pressure, approaching $0.000019 support, a critical level last seen in October 2024 that could either stabilize or lead to further declines.

Trading below key moving averages and with low volume, SHIB remains vulnerable. Diminishing investor interest has left it dependent on key support.

A break above $0.000019 could signal a potential reversal, drawing buyers and pushing prices towards $0.000022 and $0.000025.

However, if support fails, prices could drop significantly, targeting $0.000015 or even $0.000013. Such a decline would erode investor confidence and challenge its market position.

Dogecoin

Dogecoin's price action suggests a potential shift, with a notable squeeze in its moving averages. This convergence often precedes heightened volatility, potentially bolstering or challenging its position.

DOGE trades within a narrowing range, supported by an ascending trendline. However, as the 50-day and 100-day EMAs close in, it faces a compression zone.

A breakout above $0.380 could reignite interest, while a breakdown below $0.315 and the 200-day EMA at $0.256 could indicate loss of bullish control and an extended decline.

Ethereum

Ethereum exhibits signs of a potential breakout as volatility compresses. This squeeze often leads to decisive price movements.

ETH trades within a tightening range, with the 50-day and 100-day EMAs converging. A breakout above $4,000 could see resistance at $4,200 and $4,400.

Support lies at $3,700, followed by the 200-day EMA at $3,133. A break below this level could signal a correction towards $3,000.

The volatility squeeze makes Ethereum's price action unpredictable yet promising. The resolution of this compression is likely to bring significant market activity, with all eyes on the breakout or pullback.