Trader Issues Warning on Dogecoin Rival Shiba Inu, Says Bearish Momentum To Set In if Major Support Level Breaks
A popular crypto analyst says that meme asset Dogecoin ( DOGE ) rival Shiba Inu ( SHIB ) must hold a certain support level to not come crashing down.
In a new video, crypto trader Ali Martinez tells his 106,500 followers on the social media platform X that the $0.0000193-$0.0000215 range is a must-hold for Shiba Inu.
According to Martinez, a breaking of these levels would be bearish for the dog-themed memecoin.
SHIB is trading for $0.00002255 at time of writing, up 6.5% in the last 24 hours.
Moving on to Bitcoin ( BTC ), the trader says BTC must avoid falling below $90,000 to avoid falling even further.
“If Bitcoin BTC falls below $88,000, the next major support level lies at $71,000, according to the MVRV Pricing Bands.”

Earlier this week, Martinez said that meme asset Dogecoin could surge by quadruple digits percentage-wise for one key reason – that if DOGE follows a historic price pattern, the memecoin could surge to $17.76.
“Dogecoin could rally by another 6,770% if it continues to follow the ascending parallel channel pattern!”
An ascending parallel channel pattern is a bullish structure indicating that an asset is in an uptrend, printing higher highs and higher lows.
DOGE, the Shiba Inu rival, is up 6% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC breaks the chains, crypto ETFs get a major upgrade
U.S. July ADP Employment Beats Forecasts with 104K Gain
Ethereum Rally Driven by Institutional Inflows, Not BTC Rotation
U.S. GDP Growth Exceeds Expectations in Q2 2025
Trending news
MoreCrypto prices
More








