Shiba Inu Forms Mini Death Cross, Dogecoin Stabilizes, Bitcoin Not Climbing Up

A mini death cross has just been formed by Shiba Inu, suggesting that there may be bearish momentum ahead. An important technical event that has the potential

Shiba Inu has recently formed a mini death cross, suggesting that there may be bearish momentum ahead. This technical event, which sees the 26 EMA cross below the 200 EMA, is an important event that has the potential to prolong the current downward trend. While not as closely watched as the 50 EMA and 200 EMA death crosses, this crossover is a significant bearish indicator that often marks the beginning of larger corrections.

In a traditional death cross, the 50 EMA crossing below the 200 EMA signals long-term bearish momentum. However, the 26 EMA crossing below the 200 EMA indicates short-term bearish sentiment, which can act as a leading indicator for a larger price decline. This crossover suggests that SHIB may be facing increased downward pressure and struggling to maintain its previous uptrend.

SHIB is currently trading at around $0.00001942, showing a slight recovery from its recent lows. As it attempts to climb higher, several resistance levels could make a breakout difficult. First, there is short-term resistance at $0.0000206, which aligns with the 100 EMA. To halt the decline, SHIB needs to break through a stronger resistance level at $0.0000217. The critical level at which SHIB previously lost momentum is $0.0000223.

On the downside, if selling pressure increases, several levels could act as potential support. The recent local low, which held for a short period before the slight recovery, is at $0.0000180. To prevent another steep drop, SHIB needs to hold onto $0.0000175, a stronger support level. Finally, a break below the critical level of $0.0000160 could lead to a steeper decline.

This mini death cross formation suggests that SHIB’s recovery may not last long unless it can reclaim $0.0000217. If buyers do not step in, the downtrend could continue, potentially retesting $0.0000180 and below. While not as strong as the 50-200 EMA death cross, this crossover marks a shifting momentum that traders should keep an eye on. Upcoming trading sessions will be crucial to determine whether SHIB can break through resistance or continue its decline.

Dogecoin stabilizes

Dogecoin has finally halted its recent downtrend thanks to strong support at the $0.33 level. The 100 EMA played a key role in preventing further declines, stopping DOGE from sliding into more bearish territory.

Following a prolonged correction, DOGE has managed to break above the 100 EMA, which is situated at around $0.33. This level has shown itself to be a crucial area of support, preventing sellers from pushing prices lower. The recent price action suggests that buyers have defended this zone, which could pave the way to a reversal or, at the very least, a stabilizing phase.

At the moment, DOGE is trading between $0.33 and $0.34, but it must overcome a number of significant resistance levels in order to rise. DOGE must break through the immediate resistance at $0.35 in order to gain bullish momentum. The next level of interest, which corresponds to earlier rejection points, is $0.36. Historically, Dogecoin has struggled to sustain rallies within the $0.38–$0.40 resistance zone.

Despite the prior downtrend, the RSI is stabilizing, indicating a waning of selling pressure. The volume has also dropped, indicating a slowdown in the bearish momentum. A slow recovery rather than a further decline could begin if DOGE can keep its position above the 100 EMA.

Bitcoin not climbing up

The cryptocurrency is indicating possible trouble in its price action Given that the cryptocurrency is having difficulty breaking through significant resistance levels, its price action is indicating possible trouble. A short-term downtrend is technically confirmed by the most recent lower high, which came at $104,600 following the local peak of $109,459. If a string of lower highs indicates waning bullish momentum, there may be concerns about additional downside pressure.

Bitcoin is still firmly above a number of important support levels, though, in spite of this apparent change. Two important areas of interest are still the 50 EMA at $101,400 and the 100 EMA at $92,464. In the past, these moving averages have served as dynamic support levels, halting more severe corrections. The situation will remain stable if Bitcoin keeps trading above these supports.

Overcoming resistance at $104,600 is the main obstacle facing Bitcoin. Another attempt at $109,4