These DOGE, SHIB Bearish Patterns Show A 25% Crash Could Be Coming
These DOGE, SHIB Bearish Patterns Show A 25% Crash Could Be Coming
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are flashing bearish continuation setups as both meme tokens lose grip on critical Fibonacci levels, leaving traders vulnerable to a deeper pullback. Why $0.17 Could Be The Next Stop For DOGE Traders DOGE Price Analysis (Source: TradingView) Dogecoin trades near $0.195, sitting directly at the neckline of its symmetrical triangle structure with downside pressure building.
Article Summary
**Dogecoin and Shiba Inu Face Potential 25% Cryptocurrency Market Crash** Dogecoin (DOGE) and Shiba Inu (SHIB) are displaying concerning bearish technical patterns that could trigger a significant 25% price decline across these popular meme cryptocurrencies. Technical analysis reveals both tokens are losing critical support at key Fibonacci retracement levels, creating vulnerability for deeper market corrections. Dogecoin currently trades near $0.195, positioned precariously at the neckline of a symmetrical triangle formation with mounting downside pressure. Cryptocurrency traders are closely monitoring the $0.17 level as the next potential support zone if bearish momentum accelerates. These bearish continuation patterns suggest the recent meme coin rally may be losing steam. The cryptocurrency market's volatility continues impacting altcoins, with DOGE and SHIB particularly susceptible to technical breakdowns. Blockchain analysts warn that failure to hold current Fibonacci support levels could accelerate selling pressure across the broader meme token sector. DeFi traders should exercise caution as these bearish signals align with broader cryptocurrency market uncertainty, potentially triggering significant portfolio impacts for holders of these digital assets.
