Cryptocurrency markets around the world crashed to new lows on June 18, 2022. The market cap of global crypto fell below $1 trillion to rest at $844.17 billion, at the time of writing. The price of almost every top coin is worth half or even less than their all-time high.

Dogecoin (DOGE)

Source: TradingView, DOGE/USDT

At the time of this analysis, DOGE was valued at $0.05328. Dogecoin, known as the meme coin, is down 6.66% in the past 24 hours. Trading volume is down 35.12% since June 17. The coin’s market cap has also fallen 6.89% according to CoinMarketCap data.

In addition, the token has consistently deteriorated since August 2021, with most candles closing bearish over bullish. The RSI has been below neutral 50 and has barely challenged the resistance since May 2022. This is a clear indication that the token is clearly in a bear market. Notably, the last time the RSI was above neutral 50 was in April 2022.

The OBV has gone sideways in recent sessions. Indicators show momentum is skewed toward sellers.

Shiba Inu (SHIB)

Source: TradingView, SHIB/USDT

Luck was not on Shiba Inu’s side either as it is currently priced at $0.00007933, after falling 3.27%. Trading volume is down 23.80% while market cap is down 3.31% according to CoinMarketCap data.

Similar to DOGE, Shiba Inu has also shown a consistent drop in price since November 2021. The market has not been very favorable for Shiba Inu as the token has suffered a steady loss for the past six months.

The RSI has been mostly below neutral 50 since late April. The token has been under the bear’s influence. The OBV plunged in December 2021 and has been in sideways movement for over half a year.

Chain link (LINK)

Source: TradingView, LINK/USDT

LINK is down 9.14% in the last 24 hours and at the time of writing it was valued at $5.90. Trading volume decreased by 25.26%. The market cap also registered a decline of 8.46%.

Like the previous two coins, LINK has also experienced a systematic decline in price since September 2021.

At the time of writing, the RSI was below the neutral level. In addition, OBV’s reading clearly suggested bears were at the wheel.



This post DOGE, Shiba Inu and LINK Price Analysis: June 18

was published first on https://ambcrypto.com/doge-shiba-inu-and-link-price-analysis-18-june/

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