The truth behind the drastic falls of $DOGE and $SHIB is exposed! Dogecoin holders are in a panic!
Recently, these two dog coins, DOGE and SHIB, have really taken a hit, dropping 9% in a single day, and they can't hold on during critical times, directly falling apart. Looking at the on-chain data, oh my goodness, the traders' profit and loss indicators are soaring, which means retail investors have made enough profit and are starting to sell off!
From a technical perspective, both coins' Relative Strength Index (RSI) are looking very green, which is not a good sign; they still have to drop for a while. If DOGE continues to fall like this, it may not even hold at $0.3, and SHIB is even more precarious; it might drop to $0.000019.
One can imagine that these Dogecoin holders see profits and their eyes turn green, thinking about cashing out quickly. Plus, the overall market isn't strong either, with continuous plummets and massive selling pressure! Market sentiment is a complete mess, and everyone is stirring up panic; the more it drops, the more anxious people become, and in the end, it turns into a chaotic scene.
So, the Dogecoin market is truly unpredictable; making money is not easy, but losing it happens quite quickly. Everyone should keep their eyes open and not be blinded by temporary glory!
As for the upcoming layout direction, I will guide everyone to focus on the lucrative opportunities in altcoins, especially those with great potential projects, expecting a space of more than 10 times is not a problem. If you want to make big money in a bull market, like and leave a message, and I will take you to layout the entire bull market together!
