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These DOGE, SHIB Bearish Patterns Show A 25% Crash Could Be Coming
Yahoo Financeยท 2025-10-31 18:31
Group 1: Dogecoin (DOGE) Analysis - Dogecoin is currently trading near $0.195, facing downside pressure as it struggles to maintain critical Fibonacci levels [3][4] - A decisive close below the 0.382 Fibonacci retracement level at $0.1964 could lead to accelerated losses towards the 0.236 retracement at $0.1787, which serves as a significant support level [5][8] - Recent data indicates $14.5 million in net outflows from DOGE markets, continuing a trend of liquidity leaving the asset [7] Group 2: Shiba Inu (SHIB) Analysis - Shiba Inu is trading around $0.0000103, trapped in a narrowing symmetrical triangle and facing resistance below its 50-EMA at $0.00001026 [10] - Support at the 0.382 Fibonacci retracement level of $0.00001022 is weakening, and a break below this could expose the 0.236 level at $0.00000956 [11] - If bearish momentum continues, projections suggest a potential decline towards $0.0000085, aligning with previous consolidation levels [12] Group 3: Market Overview - The meme coin market retains a valuation exceeding $57 billion, although the market cap is declining despite a 14% increase in daily trading volumes [15]