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Just spotted something interesting in today's market. Shiba Inu is showing some recovery signs with solid green candles and volume picking up, which usually means the selling pressure might be easing. But here's the thing - we're still in a downtrend overall, so this mini rally needs to prove itself with higher lows before we can call it a real turnaround.
Bitcoin took quite a hit and is now trading around $66.8K. The heavy volume suggests sellers might be running out of steam, so there could be a temporary floor forming. That said, if we can't hold the $80K-$82K zone, there's still room to drop further. It's that classic pattern where you need to see sustained support before getting confident.
Dogecoin bounced nicely from the lows and spot buying has picked up, giving it a mini push upward on the shorter timeframes. However, it's still trading below those key resistance levels, so the bigger downtrend hasn't really reversed yet. Without a proper structural shift, I'd expect this bounce to face some headwinds. The whole market feels like it's waiting for the next confirmation move.