In recent days the cryptocurrency market has shown various signals, particularly with Shiba Inu, Dogecoin, and Solana. This article aims to analyze the current state of these assets.
Shiba Inu: Bullish Signal and Uncertainty
Shiba Inu recently achieved a mini golden cross, with the 100-day EMA crossing above the 50-day EMA. This is typically interpreted as a bullish technical signal, suggesting that buyers may gain strength. However, the utility of this signal might be limited in the current market context.
SHIB's price is consolidating within progressively narrowing support and resistance lines, forming a symmetrical triangle. Since the tip of the triangle has yet to be reached, a significant breakout — upward or downward — appears to be in the making. Bullish signals like the EMA cross will be less significant until that move occurs.
Furthermore, trading volume exhibits a lack of conviction, with little accumulation from larger players. The Relative Strength Index (RSI) is below 45, indicating neutral-to-bearish momentum.
Dogecoin: Pressure on Key Levels
As we enter the last quarter of 2025, Dogecoin's market position is not looking optimistic. The coin is under pressure from key moving averages, with the 50-day and 200-day EMAs struggling to provide consistent support. A significant breakdown may occur if these levels do not hold.
Currently, DOGE is trading around $0.21, maintaining its rising support line. However, increasing bearish volume indicates that sellers are regaining control. The absence of solid horizontal support below current prices raises the risk of a quick downturn.
The RSI is trending lower and hovering around neutral, suggesting that the market is not oversold.
Solana: Potential for Growth
Despite overall market volatility, Solana is showing strength once again. After weeks of consolidation, SOL's price has been gradually rising along a distinct uptrend, approaching a critical test at the 26-day EMA. Solana is currently at a pivotal point, trading near $188, as a successful recovery from this dynamic support could lead to further upward movement.
Since mid-July, the chart has shown a steady increase, highlighting a powerful ascending trendline. If SOL tests the $215 region again, it may be able to push above $200 if this pattern continues.
The cryptocurrency market remains under pressure with various signals from key assets. Shiba Inu faces uncertainty, Dogecoin is at risk of decline, while Solana shows steady growth. The breakout from current patterns will be a key factor in determining the future movement of these assets.
