Shiba Inu, Zcash, Monero and Dogecoin test key support levels after recent declines

Shiba Inu, Zcash, Monero, and Dogecoin are currently facing significant technical challenges as all four cryptocurrencies trade close to critical support levels following recent declines. The near-term outlook hinges on buyers’ ability to defend these levels amid subdued trading volumes and mixed signals across major indicators. Shiba Inu (SHIB) is trading at $0.00000521 after a sharp drop earlier this week. The price has broken below the 100-day moving average, now around $0.00000530, which has shifted to act as resistance.