Cryptocurrency Market Review: Shiba Inu (SHIB) Surpasses 1,000,000,000,000 Tokens, Triggering a Bull Market; Bitcoin (BTC) Plunge May Have Reached Its Limit; Is Dogecoin (DOGE) in a Mini Bull Market?

According to CoinWorld, Shiba Inu (SHIB) is showing potential signs of recovery, with its first significant green daily candlestick and a sharp surge in trading volume indicating that buyers may be stepping in after a substantial decline. Nevertheless, the overall trend remains downward and needs to be confirmed by a series of higher lows. Bitcoin (BTC) experienced a rapid drop, falling to the $70,000 range and breaking below key moving averages. The high trading volume suggests that sellers may have exhausted their strength, potentially forming a short-term stabilization zone. However, if support near $80,000-$82,000 cannot be regained, further declines to the $70,000 low are possible. Dogecoin (DOGE) has seen a notable rebound from the $0.10 area, with increased spot inflows providing a brief respite and sparking a minor bull run on shorter timeframes. However, since the asset remains below key declining moving averages, the overall downtrend persists, making sustained upward movement unlikely without a structural trend reversal.