Crypto Prices Plunge Amid Ongoing Bearish Trend

Overview

Shiba Inu, Zcash, Monero, and Dogecoin are experiencing significant price drops, with Shiba Inu falling 3.64% in the last 24 hours, Zcash down 30% from its late-September high, Monero losing 17% from its September peak, and Dogecoin bouncing back 5% from its low.

Shiba Inu (SHIB)

SHIB is trading near $0.00000521 after a sharp drop on Monday. The price fell under the orange 100-day moving average, which now sits around $0.00000530 and acts as resistance. Today's candle is small and green, with a long lower wick down to $0.00000502.

Zcash (ZEC)

Zcash is trading near $1,196 after a steady drop from its late-September high of about $1,700. That is a loss of approximately 30%. The price is now sitting right at the blue 50-day moving average, which is the first real test of this pullback.

Monero (XMR)

Monero is trading near $528 and holding above the blue 50-day moving average, which sits around $515. Today's candle is small, with a high of $544 and a low of $519.

Dogecoin (DOGE)

Dogecoin is trading near $0.0845 after a tough drop last week. Today's green candle has a long lower wick down to $0.0800, so buyers defended the round number.