Ah, the crypto market, where logic and reason go on vacation and anything can happen at any given moment. Support levels are being tested as if they’re some sort of joke, and the possibility of a breakdown looms like a thunderstorm on the horizon. Ethereum might take a dive towards $3,000 (it already has, by the way), but don’t worry, Shiba Inu is just chillin’ at $0.000008-nothing catastrophic yet, folks. The rollercoaster is far from over, so hold on tight!
Ethereum’s Questionable Position
The idea that Ethereum is about to plummet straight to $2,000? Oh, how the drama unfolds. Sure, Ethereum has been through some serious market turbulence recently, with declines from $4,800 down to the current low of $3,000. But let’s not jump the gun here. The market’s been under pressure, yes, and important support levels have come and gone, but Ethereum’s not exactly showing signs of a full-on meltdown. It’s more like a momentary lapse in judgment-nothing a little rest can’t cure.
The charts might make you sweat, but the truth is, Ethereum is testing its 200-day moving average. And surprise, surprise, it hasn’t yet cracked under pressure. So, let’s not put on the emergency alarms just yet. The Relative Strength Index (RSI) is at 32-almost oversold, but not quite there. And as the market gets a little tired (bless its heart), we see that the volume on the sell side is waning. Before a full-on panic attack, volume should be going through the roof, but it’s not. That’s a good sign, right? 💆♂️
In case of a liquidity sweep (which isn’t exactly a wild prediction), Ethereum could rise to $2,800 or even $2,600. But a drop all the way to $2,000? Now that would require some serious drama. And we’re not there yet. Not today, Satan.
Shiba Inu Shows Nothing New
Shiba Inu, on the other hand, is just going through its normal cycle of emotional instability. Welcome to crypto life, my friends! The price is back to $0.000008, which sounds scary until you remember that it’s been there before. In fact, SHIB has frequently danced around this range like it’s its favorite nightclub. No big surprise here. It’s doing its thing, and by ‘doing its thing,’ we mean slowly consolidating and recovering, like a cat taking a nap after a long day of chasing shadows. 🐱
People are flipping out, but if you look closely, the decline below $0.000009 is not the end of the world. SHIB has recovered from these zones before, and it’s likely to do it again. Sure, the market’s a little thin on hype right now, but that’s actually a good thing. No sudden crashes, no rug pulls-just a nice little consolidation phase where the asset has time to breathe. If only the market could calm down and take a deep breath too. ✌️
Currently, the RSI is hovering between 36 and 41, so it’s not quite in the oversold zone. Don’t panic-this is more of a cooling phase than an impending apocalypse. And, despite the quieter volume, SHIB is still trading strong. Unlike the tokens that disappear faster than your favorite socks in the laundry, SHIB is holding steady.
Where Bitcoin Stops
And then, we come to Bitcoin. Oh Bitcoin, you’ve broken through the psychological $100,000 mark and are tumbling into the abyss. Panic is starting to seep through the market like a bad smell, but here’s the thing: there’s a floor, and we’re approaching it. The panic will eventually subside, and Bitcoin will find its sweet spot. Somewhere around $84,273-remember that number, because it’s more than just a random jumble of digits. It’s the level where Bitcoin has found its bottom before, and it’s probably going to do it again.
Right now, Bitcoin is flirting with the $91,000 mark, breaking through moving averages like it’s nothing. But the RSI is at 28-deep into oversold territory, so it’s likely we’re nearing the local bottom. Sell-offs are happening, but no “capitulation candles” yet (yes, that’s a thing). The technical charts say $84,273 is the most logical landing zone, and once it hits that, expect it to settle between $88,000 and $84,000. Not a total crash, just a nice, comfy bottom where the market will stop throwing tantrums.
If Bitcoin keeps sliding past $84,000, though, we might enter a whole new phase. Not the good kind either. A much darker, more pessimistic path that might lead toward the 200-week SMA in the coming months. But let’s not get too dramatic just yet-Bitcoin’s still got some fight left in it.
Read More
- Brent Oil Forecast
- Silver Rate Forecast
- USD CAD PREDICTION
- Gold Rate Forecast
- EUR USD PREDICTION
- EUR ZAR PREDICTION
- EUR NZD PREDICTION
- EUR JPY PREDICTION
- RENDER PREDICTION. RENDER cryptocurrency
- EUR TRY PREDICTION
2025-11-19 03:21