The provided text appears to be an analysis of various cryptocurrencies, including Dogecoin, Shiba Inu, and others. The text mentions that the prices of these cryptocurrencies are experiencing fluctuations, with some showing signs of recovery while others face selling pressure.
Here’s a brief summary of the key points mentioned in the article:
- Dogecoin (DOGE): The DOGE/USDT pair is struggling to maintain its price above $0.43. If it breaks below this level, it could slump to $0.36.
- Shiba Inu (SHIB): The SHIB/USDT pair’s recovery hit a wall at the $0.000030 overhead resistance on December 12. It may stay range-bound between the 50-day SMA ($0.000024) and the stiff overhead resistance of $0.000033.
- Cardano (ADA): The ADA/USDT pair’s relief rally is facing selling near the 61.8% Fibonacci retracement level of $1.16. It may stay in a range between $1.16 and $0.91 for a few days.
- Avalanche (AVAX): The AVAX/USDT pair made a sharp comeback from $40.40 on December 9, indicating aggressive buying at lower levels. If the price dips below $51, it will signal that demand dries up at higher levels.
- Chainlink (LINK): The LINK/USDT pair turned up sharply from the 20-day EMA ($22.56) on December 11 and broke above the overhead resistance at $27.41 on December 12. It may jump to $34.50 and subsequently to $38.30.
Overall, it seems that cryptocurrency prices are experiencing volatility, with some showing signs of recovery while others face selling pressure.