Shiba Inu, Dogecoin, and Ethereum are testing crucial levels

Days are not precisely good for three tokens—Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH). Ether, for one, comes as a surprise considering the approval of the final forms of Spot ETF is right on the table, in front of the US Securities & Exchange Commission—that is, the SEC. DOGE and SHIB may have dipped in reaction to the prevailing market conditions.

SHIB is down by 2.85% in the last 24 hours. It is listed at $0.00002238 to test the resistance of $0.000021 effectively. Falling beneath that margin would potentially attract a larger number of declines. The current exchange value is also down by 6.27% in the last 7 days, with impact evident on the market, which has plummeted by 2.90% at the press time. The 24-hour trading volume is up by 40.59%, but it is believed that investors are liquidating their holdings.

Overall, sentiments for SHIB are bearish. It has seen 43% green trades in the last 30 days. The 14-day RSI is 43.66, and volatility is 4.50%. The 50-day SMA and 200-day SMA are $0.00002451 and $0.00001790, respectively. The Fear & Greed Index still has a mark of 72 intact for the token.

Near-term predictions are optimistic. Over the next 30 days, the value is expected to rise 227.22%, reaching $0.00007494.

Dogecoin is down by 2.78% in the last 24 hours, at $0.1402. The market cap is still above $20 billion, but there is a slight decline of 2.77% at the press time. DOGE is further down by 11.27% in the last 7 days and 3.05% in the last 30 days. Sentiments were expected to be neutral; however, they have transitioned to being bearish, with 47% green trades in the last 30 days.

The near-term prediction is in red, with the dip of 14.04% expected to take the value to $.124296 from the current listing. The 14-day RSI is at 40.07. The 50-day SMA and 200-day SMA come to $0.154108 and $0.124201, respectively, applicable in the same order.

Prevailing conditions are bearish, and so is the near-term prediction – it is only safe to assume that DOGE has a difficult phase coming up despite the Musk factor, wherein it was expected that Elon Musk would integrate DOGE into X payment services.

Ether ETFs can still make a splash of a bull run, but that would require the agency to give a green light to registration forms. Until then, ETH has retraced its steps back to a lower value of $3,539.83—away from the $4,000 milestone.

Sentiments are neutral, backed by 57% green trades in the last month and a volatility of 9.84%. The 14-day RSI comes to 57.96. The 50-day SMA and 200-day SMA are $3,340.62 and $2,904.62, respectively.

DOGE, SHIB, and ETH seek immediate support levels of $0.1400, $0.000021, and $3,500. Future price movements on the chart remain to be seen in the days to come.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button
Bitcoin (BTC) $ 65,989.68
Ethereum (ETH) $ 3,482.31
Tether (USDT) $ 0.999715
BNB (BNB) $ 603.26
Solana (SOL) $ 143.18
XRP (XRP) $ 0.474189
Dogecoin (DOGE) $ 0.135009
Cardano (ADA) $ 0.41172