SHIB, DOGE See One of Their Biggest Declines in Recent History as BTC Loses $100K

The token's technical structure has shattered as it has fallen below the pivotal 200-day EMA. In keeping with the pessimistic outlook, SHIB has seen a dramatic drop in investor confidence and market activity

Shiba Inu (SHIB) is experiencing a massive sell-off, leading to one of its biggest declines in recent history. The token's technical structure has shattered as it has fallen below the pivotal 200-day EMA. In keeping with the pessimistic outlook, SHIB has seen a dramatic drop in investor confidence and market activity, losing almost 60% of its trading volume.

However, the downturn is being exacerbated by large holders, also known as whales, who are offloading their positions in large quantities. It is practically impossible for SHIB to find solid support at current levels due to the tremendous selling pressure caused by this massive liquidation trend.

Whales are generally regarded as market stabilizers, although their abrupt departure frequently portends trouble ahead. SHIB is currently trading well below the crucial $0.00002 support level at about $0.00001785.

The token is now vulnerable to even more severe corrections since the 200-day EMA was breached. SHIB might test the next significant support levels at $0.000015 if selling pressure persists, and in the worst case, it might fall as low as $0.000011.

On the upside, a reversal is not completely out of the question. Should SHIB be able to recover the $0.00002 level with a surge in volume, it may draw in speculative purchases and level off. This would necessitate substantial market participation, though, which is unlikely given the current situation.

Overall, SHIB's short-term prospects are still bleak. A bearish picture is painted by the combination of technical breakdowns decreasing volume and whale activity. Investors must exercise extreme caution as the token traverses these perilous waters.

If there is no change in sentiment or notable market catalysts, SHIB might keep declining in the near future.

Dogecoin (DOGE) is also facing a crucial juncture as it continues to sharply decline. The 100-day EMA, a key support level that has traditionally served as an investor safety net, has already seen a decrease in value.

There are significant doubts regarding DOGE's capacity to sustain its upward trajectory in the near future in light of this breach. Dogecoin is currently trading between $0.32 and $0.25, which is dangerously close to its next important support level.

If it broke below this level, it would mark a complete reversal of its recent bullish rally and likely trigger a rush of panic-selling. After making such a move, DOGE might reverse its previous gains and enter a protracted bear market.

The absence of purchasing power is exacerbating DOGE's problems. Volume has noticeably decreased, indicating that traders are pulling back due to market uncertainty.

The Relative Strength Index (RSI) is also declining, indicating that momentum is firmly on the bearish side. If DOGE can recover its position above the 100-day EMA in the upcoming days, it may be able to avoid a more significant correction.

Given the general mood of the market, this would necessitate a large surge in purchasing activity, which does not appear likely at the moment.

A rebound at this level, however, might give bulls some hope and pave the way for a recovery rally toward $0.35 and higher. Investors should now keep a careful eye on the $0.25 support level.

Not only would a breakdown below this level mark the end of DOGE's bullish phase, but it might also pave the way for additional declines, possibly reaching as low as $0.20.

Bitcoin (BTC) investors are growing concerned as the asset recently fell below $100,000. However, a closer examination of its technical indicators suggests that a recovery may not be far off.

The 50-day EMA is a crucial support level that has historically served as a launching pad for price rallies, and it is currently where Bitcoin is trading. Bulls are still in control when BTC remains above the 50 EMA, which is frequently seen as a turning point for short-term trends.

Given its current positioning, Bitcoin may return above $100,000 in the days ahead if buying pressure picks up. Additionally, there are currently no indications of a significant breakdown in the asset's overall structure.

At the moment, volume trends are inconsistent. The selling pressure has not been strong enough to push Bitcoin below other important support levels like $95,000 despite a recent decline in buying interest.

The market may be consolidating and getting ready for its next big move, as indicated by the balance between buyers and sellers. Regaining $100,000 and maintaining momentum above this psychological barrier would be necessary for Bitcoin to confirm a recovery.

Restoring confidence and possibly starting another rally toward $105,00