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SHIB price forecast: Shiba Inu hits a two-month low; will it dip lower?

Key takeaways

  • SHIB has dropped to the 19th place in the market after hitting a two-month low a few hours ago.
  • The coin could dip lower to the $0.00001030 support level if market conditions persist.

SHIB hits a two-month low

SHIB, the native coin of the Shiba Inu ecosystem, has been underperforming in recent days. The coin has lost 12.6% of its value over the last seven days and has dropped to the 19th place in the cryptocurrency market. 

The decline occurred amid broader crypto market losses and U.S. stock market weakness. SHIB recorded a massive sell-off after failing to break the $0.00001230 resistance level, with trading volumes exceeding 1.2 billion tokens.

The sell-off saw SHIB hit a two-month low price of $0.00001148 and could dip further in the short term. According to market analysts, SHIB’s performance can be attributed to global economic factors and trade disputes, contributing to increased volatility in the cryptocurrency market.

SHIB’s decline yesterday happened after President Donald Trump downplayed reports of his administration seeking a truce with Iran and threatened the assassination of Iran’s Supreme Leader, Ayatollah Ali Khamenei. The president also called for Iran’s unconditional surrender in the ongoing war with Israel.

SHIB could test the $0.00001030 support levelSHIB 1D Chart

The fundamentals are currently bearish and Shiba Inu’s technical indicators back it up. With a Relative Strength Index (RSI) of 39, SHIB is currently in the oversold region and could face further selling pressure if the bearish momentum continues.

 

The MACD is also in the negative zone, indicating that the bears are currently in control. After failing to hold the $0.00001230 support level, SHIB could test the next support level at $0.00001030 in the coming days. If that happens, it would be the first time SHIB is trading that low since the first week of April.

However, market fundamentals remain in play. The activities in the ongoing Israel-Iran conflict could determine if SHIB and other major cryptocurrencies bounce back soon. If there is a ceasefire between the two countries, SHIB and the broader crypto market could experience a temporary rally.

Furthermore, traders are looking ahead to today’s FOMC meeting. The results could give insights into the Fed’s interest rate policies for the remainder of the year.

The post SHIB price forecast: Shiba Inu hits a two-month low; will it dip lower? appeared first on CoinJournal.

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Dogecoin price prediction as DOGE drops below $0.2

  • The price of Dogecoin (DOGE) has dropped below $0.20 amid rising bearish pressure.
  • Analysts warn of a possible slide to the $0.10 level.
  • Dogecoin whales are quietly offloading their holdings.

Dogecoin (DOGE), the internet’s favourite meme coin, is once again under pressure as it dips below the critical $0.20 level, raising concerns among traders about the sustainability of its recent uptrend.

Despite attempts at recovery in recent months, Dogecoin has fallen sharply in the past week, shedding over 15% of its value amid broader market uncertainty and waning investor confidence.

At press time on June 18, Dogecoin was trading between $0.16 and $0.17, having slipped from a short-lived high earlier this year, triggering a flurry of bearish predictions and renewed scrutiny from analysts.

Bears have gained the upper hand

Dogecoin’s recent price action has been dominated by bearish sentiment, amplified by geopolitical tensions and a shift in overall risk appetite among crypto investors.

Although meme coins are often volatile by nature, the rapid downturn has raised questions about the strength of DOGE’s long-term support levels, especially as it flirts dangerously with the $0.16–$0.17 range.

Technical indicators now reflect a market under pressure, with the Moving Average Convergence Divergence (MACD) flashing a sell signal and the token trading below its 50-day moving average.

Furthermore, the emergence of a bearish flag pattern on major charts has fueled speculation that the coin may revisit lows last seen before the 2024 rally.

Dogecoin price analysis

 

Whales are quietly cashing out

Amid the price slide, large holders of Dogecoin have begun moving capital into emerging alternatives, signalling a strategic exit from what some now consider a fading trend.

Blockchain analytics indicate that long-term wallets holding DOGE have reduced their balances by nearly 0.88% in just 24 hours, hinting at growing unease among so-called “diamond hands.”

Analysts are divided over what comes next

While the prevailing sentiment may lean bearish, not all experts agree that Dogecoin is on a path to oblivion just yet.

Popular chartist Javon Marks believes the token is still holding a bullish breakout pattern, maintaining higher lows that could set the stage for a powerful rally.

According to Marks, if this trend continues, Dogecoin could surge to $0.6533—a level representing a nearly 280% gain from current prices—and possibly reach $1.25 in an extended rally.

In support of this view, another trader known as Trader Tardigrade recently identified a falling wedge pattern on DOGE’s 4-hour chart, a structure often associated with bullish reversals.

Despite this optimism, the overwhelming mood in the broader crypto market remains cautious, with 87% of analysts currently bearish on Dogecoin’s short-term outlook.

Moreover, Elon Musk’s recent comments denying any government adoption of DOGE have deflated some of the speculative hope that previously buoyed the coin’s price.

Dogecoin price prediction: Is $0.10 now in sight?

Although Dogecoin is not yet in free fall, the pressure on support levels is intensifying, prompting many to question whether a drop to $0.10 is now a realistic scenario.

Should DOGE fail to hold the $0.16 threshold, analysts warn that a rapid descent toward $0.14 and possibly even $0.10 could be triggered by algorithmic trading and panic selling.

Such a move would mark a dramatic reversal from the coin’s November 2024 peak of $0.47, further solidifying fears that the meme coin era may be losing its charm.

Still, volatility is nothing new for Dogecoin, and past downturns have occasionally given way to surprising comebacks driven by viral support and sudden market swings.

For now, all eyes remain fixed on the charts as traders brace for what could be a defining moment in Dogecoin’s turbulent journey.

The post Dogecoin price prediction as DOGE drops below $0.2 appeared first on CoinJournal.

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Bitcoin Cash price forecast: BCH steady despite profit taking

  • Bitcoin Cash price hovered above $470 on June 18, 2025, despite broader profit taking.
  • BCH could break to December 2024 highs around $640.
  • However, a lack of decisive moves above $500 could allow for further declines if bearish momentum accelerates.

Bitcoin Cash (BCH) is trading just below $470, marginally in the red for the day, while most major altcoins have seen sharper declines over the past 24 hours.

The token, which is a fork of Bitcoin (BTC), is down 0.3% at the time of writing, faring better than most of the top 10 cryptocurrencies by market cap, which are down between 1.5% and 3%.

The total market capitalization of all cryptocurrencies has declined 1.5% to $3.26 trillion, reflecting a broader pullback in risk assets across global markets.

Bitcoin Cash price dips amid crypto market weakness

Despite the profit-taking that has intensified as uncertainty looms with the geopolitical conflict in the Middle East, Bitcoin Cash shows notable resilience.

Macroeconomic pressures have also not helped investor sentiment, providing a potential downturn outlook for BCH and most altcoins.

The Bitcoin Cash price stood among the top gainers last week, rising to hit highs near $480.

It outpaced peers and Bitcoin’s more modest gains as it extended above $400.

However, the past 24 hours have seen BCH retreat from its multi-week highs, largely due to broader profit-taking across the market.

Similar trends have seen Bitcoin price pullback from highs above $108k to under $105k, driven by geopolitical tensions.

The recent military escalations between Israel and Iran have dampened investor confidence, contributing to market volatility.

While there are positive developments, such as the US Senate’s passage of the GENIUS Act, broader uncertainty persists.

Investors are thus largely cautious, a reflection seen in Bitcoin’s performance.

Indecision runs high, and BCH’s delicate poise above $400 may be retested again.

On the other hand, a flip could be huge for bulls.

BCH price prediction

Despite recent losses, Bitcoin Cash exhibits resilience, with bulls defending the $400 support level within an ascending triangle pattern.

Often, such a pattern precedes bullish breakouts.

Also steady is the Open Interest (OI) in BCH futures. Per Coinglass, OI has risen 2.8% to $487 million to signal continued trader confidence.

Buyers may use the dip to position for a potential move.

BCH chart by TradingView

Technical indicators bolster this optimism, with the Relative Strength Index (RSI) at 65 to suggest sustained bullish momentum.

Bitcoin Cash’s daily chart also has the Moving Average Convergence Divergence (MACD) showing a bullish crossover, suggesting buyers retain the upper hand.

Should BCH break above the key $500 resistance, the next target lies at the December 2024 highs of $640, potentially signaling a broader rally.

On the downside, strong support exists at $400, with $375 acting as a critical floor.

A breach below these levels could accelerate bearish pressure, particularly if Bitcoin falls below the psychological $100k level.

The post Bitcoin Cash price forecast: BCH steady despite profit taking appeared first on CoinJournal.