Shiba Inu Drops 10% Since June, Faces Further Decline Risk Solana Nears Golden Cross, Aims for $160 Rally Dogecoin Plummets 15% Since June, Hovers Above $0.15 Support

Shiba Inu (SHIB) is currently in a precarious position, hovering just above the crucial psychological support zone near $0.00001100. The recent recovery bounce off the local bottom has been shallow and lacked volume, raising questions about the strength of any short-term bullish attempts. The asset has been in a consistent downward trend since early June, failing to regain important resistance levels at $0.00001214 and $0.00001339, which are now effective overhead obstacles. The declining volume indicates waning investor interest and makes SHIB susceptible to abrupt declines due to the lack of buying activity. If the current support gives way and SHIB cannot stay above $0.00001100, the asset may add another zero to its price, which would be emotionally devastating for retail holders and signify a general decline in trust in SHIB's recovery story in a fiercely competitive meme coin market.

However, there is still hope for SHIB. If bulls can hold the current level and reclaim the 26 EMA near $0.00001214 with significant volume, there is a chance for a short-term recovery targeting $0.00001350 and even $0.00001499. But the onus of proof is on the bulls, as the market is currently exhibiting few signs of life.

Solana (SOL) is showing early signs of life after recovering from the $130 support level and regaining some short-term momentum. SOL is edging closer to a possible golden cross, a bullish technical pattern in which the 50-day moving average crosses above the 200-day moving average. If this materializes, the asset may experience a major trend reversal, particularly following weeks of uncertainty. Currently, SOL is battling resistance in the $145-$149 range. The next important levels to keep an eye on are $149-$152 and particularly $150, which is consistent with previous consolidation and is not just a round psychological number. A clear breakout above $150 could meet the conditions for a fresh rally toward the $160 mark. However, there is a significant disclaimer: volume. In the past few sessions, trading volume has virtually stopped, indicating that market participants are either losing interest or waiting for confirmation, both of which can stall momentum. In the absence of heightened buying pressure, even the most technically bullish setups run the risk of fading immediately. A golden cross, however, might serve as a tailwind for a breakout if bulls are able to produce some significant volume and overcome the adjacent resistance. To put it briefly, Solana is preparing for something big. The move may stall unless volume returns to support the price action, but it has a bullish technical edge due to the convergence of major moving averages and a possible golden cross. The most obvious indication of SOL's next bullish phase would be a breakout above $150 with high volume.

Dogecoin (DOGE) is on the verge of a meltdown as it gets closer to a crucial support level at $0.15, which has historically been the last stand for bullish sentiment. With a string of lower highs and lower lows since early June, the asset has been trapped in a persistent downward trend and the pressure is obviously getting stronger. Every attempt to break above the descending trendline that was drawn from the most recent peak has failed because it is functioning as stiff resistance. The 26 EMA, 50 EMA, 100 EMA and 200 EMA are among the major moving averages that DOGE is still well below. From a technical standpoint, this is a strong bearish signal. Around 36, the RSI is trapped in the lower zone, volume is decreasing and momentum is almost nonexistent. Unless a significant reversal or high-volume catalyst steps in, all indications suggest that the weakness will persist. Right now the price is consolidating just above the $0.15 mark. If that support breaks, there will not be much structure to catch it until much lower levels. For bulls, a bounce from the $0.15 level is their only hope. However, the odds are in favor of more declines given the general weakness among meme coins and DOGE's failure to regain any significant resistance. The price may plummet toward the $0.13-$0.125 range if it breaks below $0.15. Dogecoin is right at the end of its technical leg. If buyers do not intervene right away and push DOGE back above $0.17, breaking the downtrend line and taking back short-term EMAs, the asset is probably going to go down again. The only thing keeping the floor in place is the $0.15 support. You can anticipate a decline if that breaks down.