Shiba Inu price has fumbled around a stable support level, flipping it into a resistance level multiple times. However, this development was a necessary evil required to collect the liquidity resting below it. Therefore, the recent downswing could be the key to kick-starting a new uptrend.
Dogecoin price has been compounding its losses after it breached a crucial support level on January 5. However, the recent price action shows that DOGE is forming a bottom and will likely reverse the trend and kick-start an upswing.
Solana price is preparing to reverse the period of underperformance with a 25% ascent. A key technical indicator suggests that a swing low may have been formed on January 7 and that a rebound may be in the offing.
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