The sector of the same corners has recorded a notable decline, the market capitalization of the category having dropped by more than 5 % in the last 24 hours. The flagship tokens such as Dogecoin, Shiba Inu and Pepe have extended their losses of the weekend, reflecting the general weakness which affects this segment of the digital asset market.
In short
- The capitalization of the market of the same corners has dropped by more than 5 % in one day, Dogecoin, Shiba Inu and Pepe extending the drops of the weekend.
- The open interest in the same corner derivatives has dropped while traders close positions, signaling a lower speculative activity.
- Dogecoin’s open interest dropped from 5 % to $ 3.58 billion, Shiba Inu at 175 million, while PEPE recorded the highest drop to 8 %, to 566.9 million.
Open interest drops while traders withdraw
In addition to the drop in prices, activity on derivatives linked to these tokens has also been reduced. The decrease in open interest generally indicates that traders close positions, secure gains or limit their losses, pending clearer signals before re -engage.
Data show that Dogecoin’s open interest is around $ 3.58 billion, down more than 5 %. For Shiba Inu, he slipped a similar percentage to reach around $ 175 million. Pepe recorded the strongest decrease, with an open interest in falling 8 %, at 566.93 million dollars. These figures reflect the declining confidence of traders, usually very active in this segment.
The king of the same corners Dogecoin approaches the breakdown area
Dogecoin continues to be downward pressure, recording losses over two consecutive days and still falling 5 % in the last 24 hours. Analyst Ali Martinez highlights a symmetrical triangle model on the graph, configuration which often precedes a break, the prices tightening in the structure before a movement marked in a direction.
According to Ali Martinez's graph, Dogecoin is nearly $ 0.22965, while recent data placed him around $ 0.2200. The two values position the token near the point of convergence of the model, suggesting that a decisive movement could arise. The tightened training suggests a possible break in late August or early September. In case of bullish movement, projections indicate a potential for the rise to the range from $ 0.27 to $ 0.29.
However, current indicators lean for weakness. The MacD shows little momentum, with lines close to the neutral area. Histogram bars fall in red territory, reflecting increased selling pressure.
A fence below $ 0.21 would compromise the Haussier model and expose the token to drops to $ 0.19. Conversely, a crossing of $ 0.24 in daily fence, with a stronger momentum, would indicate a more positive trajectory.
Shiba in disgruntible
Shiba Inu reflects the general weakness of the market. The same corner recorded two consecutive loss sessions and has tested a major support nearly 0.00001203 in the last 24 hours. This level served as a support several times in August and remains central for short -term management.
A break below this threshold, in particular with a high volume, could extend the losses around 0.00001150, or even lower. On the other hand, if the purchase request maintains this floor, the token could bounce towards the range of 0.00001300.
The MacD for Shiba Inu currently indicates a slight low -cost momentum, the line being just under the signal and the histogram slightly negative. The selling pressure increases but remains close to neutrality, which suggests a rapid change if buyers regains control of the support.
Pepe East Coin Under Senter Pressure
Pepe also encounters difficulties, weighed down by a series of lower peaks. The last two daily sessions have shown a high sale, resulting in a drop of almost 7 % in one day. The price is currently testing the support of 0.00001000. A sustained break could open the way around 0.00000900.
Key levels and indicators for Pepe:
- Resistance on downward trend line from 0.00001120 to 0.00001100; A break could target 0.00001263.
- The sellers remain dominant, the repeated tests of 0.00001000 weakening the support.
- RSI at 41.83, under the neutrality at 50, signaling a sloping momentum but not yet occurred.
Price and open interest decrease simultaneously, reflecting reduced confidence in the same corners at the moment. Traders withdraw, waiting for the market to show a clear direction. However, a striking event or a change of feeling could quickly revive the momentum. For the moment, the market of the same corners remains calm and cautious.
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