Shiba Inu (SHIB) Back to Life, Ethereum Now on Path to $3,000, Dogecoin’s (DOGE) Zero Removal in Question: Crypto Market Review
The post Shiba Inu (SHIB) Back to Life, Ethereum Now on Path to $3,000, Dogecoin’s (DOGE) Zero Removal in Question: Crypto Market Review appeared on BitcoinEthereumNews.com.
Shiba Inu is not yet in full recovery mode, but some hope is shining through. Right now, we are in a phase of transition from persistent selling to compression and possible breakout conditions. SHIB has begun to form higher lows following months of lower highs and persistent rejection by descending moving averages. A tightening wedge pattern has emerged as a result, with the price coiling just below a local resistance zone. This kind of structure usually indicates that a directional move is about to occur because it comes before a volatility expansion. The RSI has returned to the low-50s range, suggesting that neutral conditions are emerging and bearish pressure has subsided. Shiba Inu (SHIB) Back to Life, Ethereum Now on Path to $3,000, Dogecoin’s (DOGE) Zero Removal in Question: Crypto Market Review Solana Ecosystem Faces One of Largest Hacks Ever SHIB stabilization, not full recovery Volume has stabilized, despite not being explosive, indicating that sellers are no longer controlling every bounce. When compared to previous stages of the decline, that alone represents a significant shift. All of the major moving averages, which are sloping lower, are still below SHIB. If the price tries to break out, these levels, especially the 50 and 100-day averages, are probably going to serve as formidable resistance. Any upward movement will need to penetrate multiple levels of overhead supply — not just one. SHIB/USDT Chart by TradingView In order for SHIB to truly come back to life, there must be a clear break above the existing wedge resistance and a discernible volume increase. Without it, the current configuration runs the risk of becoming a continuation pattern instead of a reversal, which means a breakdown is still equally likely. External liquidity, such as increased market strength, a resurgence of interest in meme assets or a change…
Filed under: News - @ April 2, 2026 2:30 am