Bitcoin, Dogecoin, and SHIB Face Downward Pressures Amid Market Uncertainty

Bitcoin's Struggles Intensify

Bitcoin is currently trading at $82,870, struggling to maintain momentum after failing to break above the 200 EMA at $85,344. Technical indicators such as a flattening RSI and narrowing moving averages suggest growing uncertainty among traders. The asset is at risk of dropping below $82,000, which could trigger a decline to $78,000 or even $72,000—a nearly 15% correction from current levels. Weak volume and fading buyer activity further complicate the outlook, with the RSI at 44, leaving room for additional declines before reaching oversold territory.

Dogecoin Nears Critical Support

Dogecoin is teetering near $0.16, showing clear signs of weakness as it struggles to gain traction in a stable market. The meme coin is now acting as resistance after breaking below its 50-day and 100-day EMAs, with the 200 EMA at $0.22 reinforcing the bearish trend. Critical support levels at $0.20, $0.17, and $0.14 are under pressure, with $0.14 being the last line of defense. A breakdown below this level could accelerate selling, especially as volume fades and RSI approaches oversold conditions. Traders should closely monitor volume and sentiment in the coming days.

Shiba Inu's Vulnerable Position

Shiba Inu, currently trading at $0.00001210, is also exhibiting bearish tendencies, trading below its 50, 100, and 200 EMA lines. The next key support level is at $0.000011, and a breach could lead to a sharp decline toward $0.000010. While the RSI nears oversold territory, a relief bounce is unlikely without significant buying activity. On-chain data reveals that a small group of whales holds over 70% of SHIB’s supply, posing a liquidity risk if they begin selling. However, the Shibarium ecosystem and a dedicated community remain SHIB’s strongest defenses against further volatility.