The daily table of Shiba Inu confirmed the cross of death. When a 50-day sliding average intersects below the 200-day sliding average, this creates this technical model that signals investors about the continuation of the descending trend. The Shib already has problems with the restoration of the impulse, so this Bear indicates a large price of weakness in the near future.
The current SHIB price is about 0.00001620, which is about 4.71% compared to the previous day. The asset made a small attempt to restore, but there was no significant breakthrough from strong resistance with important sliding medium. Despite the fact that the volume of bidding is still moderate, institutional players and decreasing interest in whales additionally support the slowdown in the impulse. The general condition of the market also has a significant impact on the movement of Shiba price.
After the final cross of the death of Shib, it can be difficult to change its current trajectory. In the past, these formations led to a protracted fall in prices, which are difficult to restore. The next critical support is about 0.00001400, if the Shiba cannot maintain above this level.
A decrease below this level can accelerate losses and lead to a greater reduction. The lack of significant accumulation from the main investors shows that Shib has a narrow path of recovery. The asset may continue to decline until a noticeable volume recovery appears. This bear prospects, confirmed by the Cross of Death, mean that Shibu will be difficult to regain the lost impulse.
A sample of a cup to help Doge Revale
The traditional cup of the bottom, a technical indicator, often associated with the possible circulation of bull, begins to form on Dogecoin. After several weeks of falling price, this scheme, which consists of a rounded bottom, behind which a breakthrough, indicates that DOGE can soon restore the impulse.
DOGE has recently fallen by 3%, and currently it is trading by about $ 0.256. On the other hand, a 200-day sliding average, historically important level for changes is where the price is consolidated. Since the volume of trading is still modest, it is clear that investors are closely monitoring any possible breakthrough.
The breakthrough above the critical resistance level at 0.30 US dollars can initiate a reliable upward move if the dog can successfully form the bottom of the cup. This can confirm the change in the mood of the market and push the dogo to 0.35 dollars and above.
Dogam can be difficult to maintain support at 0.25 US dollars if the pressure on the purchase is still weak, which can lead to an additional decrease to 0.25 US dollars. If these levels do not pass, the bull template can be considered invalid. For Dogecoin traders, the development of a cup bottom offers an intriguing opportunity.
A clear breakthrough can lead to a significant increase in price, even if the asset is still consolidated. To confirm bull change, investors must monitor the volume of trade and important resistance levels.
Bitcoin got stuck
Thanks to the two important sliding average values that can determine its next significant step, Bitcoin is in a risky situation. Bitcoin, which is currently being traded up to almost $ 95,903, is experiencing difficulties in tearing off this narrow range, which has left the market indefinite. Although the resistance at the level of 98,700 dollars is still a strong obstacle, Bitcoin makes efforts to support $ 93,562. From the inability of the asset to decisively move in any direction, traders reluctantly adhere to a certain trend.
Bitcoin can return to $ 104,000 and, possibly, reach new maximums if he can overcome the resistance level of $ 98,700.
The dangers of a bear: If support in the amount of $ 93,562 is not supported, BTC can fall to $ 90,000 or even lower, which would strengthen bear thoughts.
Since Bitcoin is currently squeezed between important sliding average, it is very difficult to predict where he will go further. Traiders should closely monitor the levels of the breakthrough, because the ability of bitcoins either hold support or overcome the past resistance will probably determine its next course.
