As 2025 unfolds, people are wondering if meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have reached their peak. While these coins made waves in the crypto world, new projects are emerging with real-world solutions. One such project, Remittix, is offering exciting presale opportunities. It promises to bring innovative blockchain technology for businesses, providing a new way to handle payments. Is this the future of crypto?
Dogecoin (DOGE) Faces Decline After Losing Key Support Level
Following its fall below a significant support level, Dogecoin (DOGE) has been on a declining route. The price fell more than 12%, reaching a fresh annual lowest. This occurred during a December rebound phase when Dogecoin hit $0.43 in mid-January. It subsequently began to decline, however, and its price crossed a significant trendline referred to as the “ascending support.”
Technical study reveals that the price of Dogecoin is now in a corrective phase and that Elliott Wave 4 pattern forms there. Usually, a phase of declining prices follows this one. Furthermore verifying the declining momentum is the Relative Strength Index (RSI), which indicates the degree of strength or weakness of the price movement.
Looking forward, major Fibonacci zones where the price may bounce back—the $0.285 or $0.238 levels—may provide support for Dogecoin’s price. Should the price level out over $0.285, this may indicate a possible increase. Dogecoin may suffer further losses, however, should it persist below these benchmarks.
Dogecoin’s future will rely on if it can sustain these important support levels and buck the present trend for now.
Shiba Inu (SHIB) Price Hits Key Support, Will It Bounce Back?
Declining by 50% from its December 2024 top, Shiba Inu (SHIB) has had a difficult year. SHIB’s price crossed a crucial support line as of January 27, 2025, which has been steady for the past 176 days. Traders are wondering whether SHIB can bounce back once more since this support has helped it to do in the past.
Should SHIB exceed this support, it might begin to climb once more. Technical indicators such as Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) point to SHIB perhaps prepared for a rally. When these indicators show positive trends—that is, “bullish divergence”—they sometimes indicate price rises.
Should SHIB fall below the support line, the price might then keep declining and p
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Author: Crypto Daily
