The cryptocurrency market is navigating a turbulent phase, with major altcoins like Dogecoin (DOGE), XRP, and Shiba Inu (SHIB) testing critical support levels that could define their short-term trajectories. Here’s a fintech-focused breakdown of what’s happening and what investors should keep an eye on.
Dogecoin (DOGE): Testing Its Last Major Support
Dogecoin has seen a sharp decline, losing over 35% from its recent local high and now hovering around the $0.145 mark—a level that has historically acted as a strong support. Technical indicators show DOGE consistently forming lower highs and lower lows, with the 50, 100, and 200-day moving averages now acting as resistance overhead. The Relative Strength Index (RSI) is deep in oversold territory, around 27, suggesting the token is under significant selling pressure.
Trading volume remains low, indicating weak bullish conviction. If DOGE fails to hold above $0.145, the next psychological support could be as low as $0.10. However, a bounce from this level is possible if broader market sentiment improves or retail interest returns. For now, investors should monitor DOGE’s behavior closely at this support, as a decisive move could set the tone for the coming weeks .
XRP: Pattern Breakdown Signals Caution
XRP recently invalidated a symmetrical triangle pattern that had supported bullish hopes, breaking below both its 200-day EMA and a key trendline. This move marks a shift from consolidation to active selling, with the price now below the psychological $2 level. The daily RSI is near 32, not quite oversold but indicating growing bearish momentum.
Historically, trading below the 200-day EMA has led to extended periods of weakness for XRP. Unless the token can quickly reclaim the $2.05–$2.10 range, further declines toward $1.80 or even $1.70 are likely. The macro trend has turned negative, and traders should be cautious about long positions until a clear reversal emerges.
Shiba Inu (SHIB): Crucial Support at $0.000010
Shiba Inu is at a pivotal point, trading just above the $0.000010 support level. The asset has been in a steady downtrend, with all major moving averages sloping downward and trading volume declining. The RSI is below 26, indicating SHIB is significantly oversold.
This support level has previously acted as a springboard for short-term recoveries, but the lack of volume suggests any bounce may be short-lived. If SHIB breaks below $0.000010, it risks adding another zero to its price, which could trigger further selling from algorithmic and margin traders. There is little structural support below this level, so a breakdown could lead to a sharp decline.
What’s Next for the Market?
All three assets are at make-or-break levels. For DOGE and SHIB, holding current supports could spark short-term relief rallies, but the overall market weakness means caution is warranted. XRP’s pattern breakdown is a warning sign for bulls, and only a swift recovery of lost ground would change the outlook.
For investors, these are moments to watch closely—either for signs of accumulation and reversal or for confirmation of further downside.
