Crypto markets are suffering a market-wide correction, with Bitcoin (BTC), Ethereum (ETH) and XRP prices down 14%, 12% and 10%, respectively, in the past seven days.
Dogecoin eyes February lows after nearly 23% decline in the past seven days. Shiba Inu could plummet another 13% amid the broader crypto market correction. Bonk price is likely to regain lost ground as technical indicators point at recovery. Crypto markets are suffering a market-wide correction, with Bitcoin , Ethereum and XRP prices down 14%, 12% and 10%, respectively, in the past seven days.
-day chart A daily candlestick close above April 30 close at $0.1333 could invalidate the bearish thesis, indicating the possibility of a price recovery. In such a scenario, the April 30 high at $0.1460 is the immediate resistance for DOGE. Shiba Inu holders brace for further correction -day chart If
broke out of its bearish trend on April 20, as signaled by the Moving Average Convergence/ Divergence crossing above the signal line. This is typically considered a bullish sign. The RSI has fallen to 47.79 at the time of writing, closer to 50 .
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