@Shibtoken narxiShib

This week’s hidden crypto gems, don’t miss the next moonshot💥 $SHIB $PEPE $BabyDoge $WKC $TROLL $FLOKI

XRP ,SHIB, BTC and DOGE witness substantial volume spikes that might be the trigger for a further recovery 🥹 $LAB $HEI $XRP

With sellers retaining control following the breakdown below the long-standing support zone around $1.30, XRP is still trading in a strongly bearish structure. The daily chart demonstrates a distinct series of lower highs and lower lows, indicating that the overall downward trend is still present. Following a brief attempt at recovery in mid-June, XRP resumed its decline after failing to regain the 50-day moving average. Currently, the asset is close to the psychologically significant $1.00 level. Although the significance of this area may draw buyers, there is currently little indication of sustained accumulation. During selloffs, volume stays high, indicating that investors are still reducing their exposure rather than actively buying the dip. There is a greater chance of a brief relief bounce because the RSI is close to oversold territory. However, during significant downtrends, oversold conditions alone seldom indicate a lasting bottom. XRP would need to regain the $1.15-$1.20 range and establish support above the short-term moving averages in order for bulls to pick up steam. Until then, any recovery should not be seen as the beginning of a new bullish phase but rather as a countertrend rally. Despite increasingly stretched momentum indicators, downside risks remain high in the current structure, which warrants caution. Shiba Inu sellers dominate Shiba Inu is displaying an even more subpar technical picture. The most recent attempt at recovery was invalidated when the meme coin recently broke below a short-term ascending support line that had developed following the June selloff. The breakdown occurred while SHIB continued to trade below all significant moving averages, further solidifying the sellers' dominance. The market is struggling to generate significant buying pressure, and prices are currently trading close to annual lows. The intensity of recent selling activity is reflected in the RSI, which has fallen near oversold territory. Although these readings have historically preceded rebounds, the overall trend remains overwhelmingly negative. The persistent inability of SHIB to sustain breakout attempts is noteworthy. Every recovery rally over the last few months has stalled below critical resistance levels before rolling over into a lower leg. This pattern implies that investors are still taking advantage of strength to close positions. SHIB would need to rebound above the adjacent moving-average cluster and reclaim the former support zone around $0.0000049–$0.0000050 in order for a significant reversal to occur. Until then, despite increasingly oversold conditions, the path of least resistance continues to be downward, giving bears a definite advantage. Bitcoin struggles After failing to maintain its recovery attempt above the $80,000 area, Bitcoin remains under significant pressure. Lower highs and lower lows continue to dominate price action on the daily chart, which displays a classic bearish structure. BTC began to decline again after being rejected near the 200-day moving average, and it has since returned to the crucial $58,000-$60,000 support range. The fact that Bitcoin is approaching a level where buyers previously intervened forcefully during the June crash makes the current setup especially important. A relief rally could be sparked by a successful defense of this range, particularly since the RSI has moved dangerously close to oversold territory. Historically, when selling momentum wanes, these conditions frequently result in brief recoveries. The overall trend, however, remains unfavorable. Bitcoin is trading below every significant moving average, including the 50-, 100-, and 200-day indicators. Long-term momentum is still bearish, as evidenced by the moving averages' continued downward slope. During recent downturns, volume has also increased, suggesting that sellers are still active. Bitcoin would need to retake the $65,000 area and eventually break above the moving-average cluster around $70,000 in order for bulls to regain control. Until then, any increase is likely to be viewed more as a corrective bounce than a confirmed reversal of the trend. The upcoming trading sessions will be critical. The market may experience another round of liquidation pressure if support around $58,000 fails. However, a strong reaction from current levels could be the first significant indication that a bottom is beginning to form. Dogecoin's temporary underperformance Dogecoin is still underperforming as bearish momentum in the meme coin sector picks up speed. DOGE is currently trading close to $0.073, one of its lowest levels of the year, after losing significant support levels earlier this month. The multi-month support structure that had been developing since February is clearly broken down on the chart. $BTC

Who is the KING 👑 of #MemeCoin ? ✨ $DOGE ✨ $PEPE ✨ #BABYDOGE ✨ $FLOKI ✨ $SHIB ✨ $ELON What did I miss?