Shiba Inu (SHIB) to Add Another Zero? Bitcoin (BTC) Signals New ATH Reversal Now, Ethereum (ETH) Trapped

Shiba Inu Faces Potential Price Plunge as Key Support Level Breached

Shiba Inu (SHIB) is teetering on the edge of adding another zero to its price as technical indicators turn bearish. Currently trading at $0.0000133 with a 4% daily decline, SHIB has broken below its critical 50 EMA support level - a worrying sign for investors.

The next potential support zone lies between $0.0000120 and $0.000009, which could test early 2025 lows if the downward momentum continues. This psychological barrier would mark a significant blow to retail traders hoping for recovery. Increasing selling volume and a declining RSI suggest bears currently control the market.

Unless SHIB quickly reclaims the 50 EMA and pushes above $0.0000145-$0.0000150, the risk of dropping to $0.000009 grows daily. Such a move would not only represent a technical failure but could severely damage investor sentiment. For a meme coin like SHIB that thrives on hype, this price erosion might trigger liquidity drains and shake out even loyal holders.

With optimism fading, any short-term rebounds should be viewed cautiously. The situation remains precarious until SHIB can recover lost ground above the 50 EMA. A breakdown below $0.0000120 could accelerate declines toward $0.000009, potentially turning current bearishness into full-blown capitulation.

Bitcoin Flashes Reversal Signals as it Tests Critical Support

Bitcoin is presenting traders with a classic technical setup worth monitoring closely. After reaching local highs near $110,000, BTC is now testing the 26 EMA as potential support. The recent string of red candles shows notable momentum loss from recent peaks.

While some consolidation is normal after strong rallies, the emerging candlestick pattern tells an important story. The appearance of a lower wick on recent daily candles suggests returning buying pressure at the 26 EMA support zone. This doji-like pattern typically indicates sellers losing control as buyers defend key levels.

If this reversal pattern holds, Bitcoin could quickly rebound to retest - or potentially surpass - the $110,000 range. However, failure to hold the 26 EMA might trigger a deeper retracement toward $95,000 (the 50 EMA), which could shake out weaker positions and establish a stronger base for future highs.

Ethereum Trapped in a Narrowing Channel, Awaiting a Breakout

Ethereum is exhibiting a tight ascending channel pattern that's been gradually pushing prices higher. Currently trading around $2,690, ETH faces resistance near $2,850 with support at $2,500. While the channel structure appears bullish at first glance, concerning signals are emerging.

The volume profile tells a different story - trading activity has been steadily declining over the past week, suggesting waning trader confidence. This divergence raises concerns that the channel may be losing momentum.

A breakdown below the channel's lower trendline could trigger a pullback toward $2,400, with potential for further declines to $2,100 if support fails. Traders should watch for either a convincing breakout with volume confirmation or prepare for possible downside risks.