Shiba

Dogecoin

Shiba Inu

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-market-cool-down-shiba-inu-and-dogecoin-struggle-amidst-trading-lull" rel="noopener noreferrer nofollow">Crypto Market Cool Down: Shiba Inu and Dogecoin Struggle Amidst Trading Lull</a> 
The excitement in the cryptocurrency markets has given way to profit-taking, with weekend trading volumes plummeting by 50%. Investors appear to be in holiday mode following a busy week, coinciding with the closure of U.S. markets on January 15. The recent profit-taking follows the expected pattern after ETF approval.
Shiba Inu (SHIB), still the second-largest meme coin by market value, lags behind as investors shift to lower market cap alternatives, longing for its former high-volume days. SHIB is currently trading at $0.00000984, with a slight gain of 1% for the day. <a href="https://en.bitcoinhaber.net/exploring-jpmorgans-potential-move-into-bitcoin-etfs-despite-ceos-criticism" rel="noopener noreferrer nofollow">Bitcoin</a>‘s recovery to $42,500 offers hope for the coming hours, and no major macro events are expected next week.
Since June 2023, SHIB’s price has been stuck in a broad parallel channel, failing to break out during attempts in August and December. Investors are capitalizing on the resistance area at $0.00001142 in their search for profits.
After bulls lost the $0.0000107 region, SHIB’s price slid to $0.00000854 but has since found solid support at $0.00000886. If a new oversold rally occurs, the price might drop to the channel’s lower support, similar to the dip in late October.
Dogecoin (DOGE) is feeling the absence of Elon Musk’s influence, as the billionaire’s disinterest in cryptocurrencies becomes apparent. Even Musk’s mockery of a hacking incident involving the SEC couldn’t boost DOGE’s price significantly. DOGE has broken below a parallel channel that was expected to initiate a rise, with a risk of retreating to $0.075 and continued miner sales, capping the upside target at $0.3.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-market-cool-down-shiba-inu-and-dogecoin-struggle-amidst-trading-lull" rel="noopener noreferrer nofollow">Crypto Market Cool Down: Shiba Inu and Dogecoin Struggle Amidst Trading Lull</a></h5>

Crypto Market Cool Down: Shiba Inu and Dogecoin Struggle Amidst Trading Lull

BH NEWS

Otros artículos publicados el 14 ene 2024

Saylor’s Warning to BTC Holders

Bitcoin ETF Approval: 3 Tokens Set to Benefit in 2024

Crypto: Is the market down again?

Solana struggling as NuggetRush gains in latest funding round

The Next Big Crypto Alert: Much-Awaited Virtual Reality Project 5th Scape Launches Presale

GameStop shuts down NFT marketplace amid crypto shift

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!