Dogecoin shows signs of recovery, Shiba Inu struggles, XRP avoids decline

From Investing.com

September 10, 2024 01:00 AM:

Dogecoin (DOGE) is showing signs of recovery, trading at $0.10 and slowly approaching the $0.01 mark, indicating a potential uptrend with increased social media activity. The RSI is around 45, signaling future growth without heavy selling pressure, and a rally could be initiated if key resistance levels around $0.12 to $0.13 are broken.

Shiba Inu (SHIB) struggles with stagnation, trading at $0.00001317 with decreased volatility and low trading volume. Without broader market momentum, SHIB’s future remains uncertain, as whale activity and lack of liquidity increase susceptibility to potential declines. Investors doubt its long-term longevity without significant market interest in riskier assets.

XRP narrowly avoids a steep decline, bouncing off the rising trendline at $0.50, critical for its market structure. Trading around $0.53, XRP faces resistance from major moving averages, signaling potential for further recovery if these levels are surpassed. While the market remains unpredictable, XRP has managed to avoid a significant decline for now.

Read more at Investing.com: Dogecoin (DOGE) to Remove Zero, Shiba Inu (SHIB) Not Looking Healthy, XRP Catastrophe Avoided, Here’s How By U.Today