Well, it’s been a quiet few weeks for Shiba Inu, but maybe not for long. The token’s price has been winding itself into a tighter and tighter pattern, hovering right around that $0.0000126 mark. It’s a classic standoff, really. You can see it on the chart—this symmetrical triangle where the price is getting squeezed from both sides. Something’s got to give soon.
A Decision Is Coming
Traders seem completely unsure which way to jump. Every time SHIB tests the resistance up near $0.0000132, it gets pushed back down. And each time it dips toward support at $0.0000120, it finds a floor. For now, anyway. The weird thing is, the quieter it gets, the more you feel a move is coming. Volume’s even picking up a little, like people are slowly placing their bets.
The Levels That Matter
If it can push through and close above that $0.0000135 area, things could get interesting. A breakout like that might see it aim for $0.0000150 or even a bit higher. But if that $0.0000120 support cracks? It wouldn’t be good. A break below could send it tumbling back toward $0.0000105, and that would probably sour the mood for a while. The RSI is sitting right in the middle, not favoring either side. It’s all about who blinks first.
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Over in XRP land, the story feels a little different. The token is bumping up against the $3.00 level again, but I’m not sure anyone’s convinced this is the real deal. It’s consolidating in a triangle pattern too, which usually means a big breakout is brewing. The problem? The volume behind this move is practically nonexistent.
Volume Tells the Story
It’s hard to trust a push upward when hardly anyone is trading. Low volume like this often leads to a fakeout—a quick jump that just fizzles out and reverses. The moving averages are providing some support, but they can only do so much. Without real buying pressure, a retracement back to test the $2.80 level seems more likely than not.
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And then there’s Dogecoin. DOGE is knocking on the door of $0.224, trying to break through a key resistance level. It’s been making a series of higher lows since July, which is a decent sign. It’s already climbed back above its 100 and 200-day averages, which is no small feat.
The Last Hurdle for DOGE
The big test now is the 50-day EMA. If it can get a solid close above that, we might see it make a run toward $0.25. But if it fails and falls back below $0.21, all that recent optimism could unwind pretty quickly. The volume isn’t amazing, but it’s steady. For a meme coin like DOGE, clearing that final hurdle could be all it takes to get people excited again.
So that’s where things stand. Three major tokens, all coiled up and waiting for a cue. It feels like the calm before a storm, but which way the wind will blow… well, your guess is as good as mine.
