Dogecoin

Shiba Inu

<p><em><strong>The last few days have been pretty up and down for cryptocurrency, especially for people who invest in Shiba Inu and Dogecoin. Bitcoin’s price suddenly dropped back to around $50,000, making a lot of people worried about the whole market.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>This caused meme coins like Shiba Inu and Dogecoin to lose some of their momentum. But experts think that <a href="https://cryptosheadlines.com/analyst-warns-of-correction-in-shiba-inu-dogecoin-cardano-and-injective/" rel="noopener noreferrer nofollow">Dogecoin and Shiba Inu</a> could bounce back soon and start going up again.</p><h3 id="cryptocurrency-market-hits-2-trillion-milestone-faces-recent-downturn">Cryptocurrency Market Hits $2 Trillion Milestone, Faces Recent Downturn</h3><p>Since January 22, the cryptocurrency market cap has been steadily rising, reaching a significant milestone of over $2 trillion, marking a new yearly high. Despite this impressive accomplishment, prices have experienced a slight decline in the past few days.</p><p>Bitcoin’s <a href="https://cryptosheadlines.com/chainlink-experiences-notable-price-surge-and-token-activity/" rel="noopener noreferrer nofollow">price notably surged</a> above $53,000 during this period. However, it struggled to maintain its upward momentum, causing concern among investors. This led to increased selling activity, resulting in total liquidations surpassing $300 million within the last 24 hours.</p><p>Consequently, the <a href="https://cryptosheadlines.com/bitcoin-price-forecast-us-cpi-impact-on-btc-31500-breakout-or-30k-plunge/" rel="noopener noreferrer nofollow">price of Bitcoin</a> retreated to around $50,500. Despite this setback, <a href="https://cryptosheadlines.com/render-token-surges-as-bullish-sentiment-dominates/" rel="noopener noreferrer nofollow">bullish sentiment</a> emerged, preventing further declines and indicating potential for a rebound in the near future.</p><h3 id="dogecoin-struggles-as-bears-gain-momentum">Dogecoin Struggles as Bears Gain Momentum</h3><p>Attempts by the bears to pull Dogecoin back into a symmetrical triangle pattern have gone unchallenged by the bulls, leading to further weakening of DOGE’s price and reducing the chances of a bullish recovery. Currently trading at $0.0835, DOGE has seen a decline of over 1% compared to yesterday’s rate.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-26.png?resize&#61;640%2C299&amp;ssl&#61;1" /></p><p>The 20-day Exponential Moving Average (EMA), positioned at $0.085, is gradually trending downwards, mirroring the downward trajectory of the Relative Strength Index (RSI), which has dropped below the midline to 41, indicating bearish dominance.</p><p><a href="https://cryptosheadlines.com/coinbase-stores-more-than-1-million-bitcoins-worth-over-52-billion/" rel="noopener noreferrer nofollow">Also Read:   Coinbase Stores More Than 1 Million Bitcoins; Worth Over $52 Billion</a></p><p>Any potential bullish signals may face hurdles if the price remains below the moving averages, suggesting a growing bearish sentiment. Even minor relief rallies could encounter <a href="https://cryptosheadlines.com/nansen-selling-pressure-on-ether-after-shanghai-upgrade-was-insignificant/" rel="noopener noreferrer nofollow">selling pressure</a>, particularly if the price drops below the ascending downtrend line at $0.08, potentially triggering a wave of further selling.</p><p>However, a reversal of the current trend by the bulls, pushing the price above the EMA lines, could pave the way for a <a href="https://cryptosheadlines.com/grayscale-bitcoin-trust-surges-towards-2023-highs-on-blackrock-etf-filing-buyers-rally/" rel="noopener noreferrer nofollow">surge towards</a> the resistance zone near $0.09.</p><h3 id="shiba-inu-faces-retracement-amidst-short-term-profit-taking">Shiba Inu Faces Retracement Amidst Short-Term Profit Taking</h3><p><a href="https://cryptosheadlines.com/shiba-inu-shib-price-surges-despite-sell-off-sustainability-questioned/" rel="noopener noreferrer nofollow">Shiba Inu</a> has encountered a retracement following its inability to sustain its upward trajectory near $0.00001, suggesting that short-term traders may be capitalizing on profits. This retracement has the potential to undermine buying confidence, leading to a consolidation of SHIB’s price within a bearish channel pattern. Presently, SHIB is trading at $0.0000094, marking a decline of over 1.6% compared to yesterday’s rate.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines003-28.png?resize&#61;640%2C299&amp;ssl&#61;1" /></p><p>The decreasing 20-day Exponential Moving Average (EMA) at $0.00000965 and an approaching oversold Relative Strength Index (RSI) <a href="https://cryptosheadlines.com/solanas-sol-price-gains-momentum-indicating-a-surge-to-38/" rel="noopener noreferrer nofollow">indicate that the momentum</a> remains in favor of the bears. A further decline in price, breaking below $0.0000092, could bring SHIB closer to a crucial support level at $0.0000085, likely sparking renewed buying interest. However, if downward pressure persists, the <a href="https://cryptosheadlines.com/crypto-trader-spends-120k-in-fees-to-acquire-156k-worth-of-meme-coin-four/" rel="noopener noreferrer nofollow">meme coin</a> might descend to $0.0000079.</p><p>On the contrary, a reversal of the price trend, surpassing the EMA trend lines, would signal accumulation by buyers and sustain an upward trend, <a href="https://cryptosheadlines.com/significant-1000-surge-in-shiba-inu-shib-burn-rate-suggests-potential-price-rebound/" rel="noopener noreferrer nofollow">potentially propelling the SHIB price</a> toward a target of $0.00001.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Shiba Inu and Dogecoin Values Stall as Bitcoin Price Revisits $50K Threshold

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