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Cryptocurrency market shows early signs of bottoming but remains bearish overall.

Technical Signals
09 Jun 2026
UToday
View Source
Bearish
pluang ai news

Shiba Inu, XRP, Dogecoin, and Bitcoin all show signs of oversold conditions, suggesting potential short-term relief rallies. However, major moving averages remain resistance levels, indicating the overall bearish trend is intact. Bitcoin's recent sharp sell-off may have marked the worst phase, with stabilization around $62,000-$63,000, but a confirmed recovery depends on breaking key resistance. Altcoins like SHIB, XRP, and DOGE are beginning a bottoming process but need stronger buying momentum to reverse trends.

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