Shiba Inu (SHIB) lost its main support level, XRP bullish pattern invalidated, DOGE (DOGE) reached a critical support level

Shiba Inu has recently dropped by 9%, breaking through the key 50 EMA level and coming into contact with another important support level, the 100 EMA. With the loss of support, the asset is in a dangerous position, highlighting the vulnerability of SHIB's recent rebound.

The once reliable support level has turned into a resistance level, and breaking below the 50 EMA indicates a clear shift in market sentiment. Without sustained buying pressure and better market conditions, this move is unlikely to be seen as a complete reversal, even if SHIB is able to break through it. On the positive side, the decrease in trading volume during this decline suggests that the bearish momentum may be weakening.

While this does not guarantee a recovery, the reduction in selling pressure often signals a potential reversal. Traders should closely monitor bullish candlestick patterns or a surge in trading volume near the 100 EMA to validate any reversal attempts. If SHIB fails to hold above the 100 EMA, the next targets could be around $0.00002045 (consistent with the previous consolidation area) and the 200 EMA. On the other hand, a significant rebound from the current level could push SHIB back to $0.00002300 and eventually test the 50 EMA as resistance. Currently, the focus is on whether Shiba Inu can stabilize near the 100 EMA and attract enough buyers to prevent further decline. Although there is some optimism due to the decrease in bearish volume, the recovery trajectory of SHIB will largely depend on the overall market sentiment and holder confidence.