Shiba

Bitcoin

Shiba Inu

<p>The recent downturn in <a href="https://www.cryptopolitan.com/shiba-inu-makes-waves-again/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) has sparked concern among investors, indicating a potential bearish trend in the coming weeks. The market is experiencing a surge in selling pressure, attributed to various factors, including high whale activity.&nbsp;</p>
<p>This volatility underscores a fragile market sentiment with local resistances impeding upward price movement. Immediate support for SHIB is identified at the 50-day Exponential Moving Average (EMA), historically serving as a dynamic bounce-back point. However, a breach below this level could further test support zones marked by previous lows.</p>
<h2 class="wp-block-heading" id="bitcoin-s-correction-and-technical-outlook">Bitcoin’s correction and technical outlook</h2>
<p>Bitcoin (BTC) has retraced from its recent high, failing to sustain above $51,000 and experiencing a notable correction. This decline follows the inability to breach the $52,000 threshold, indicating a cooldown from the market’s overheated state.&nbsp;</p>
<p>The current correction aligns with typical market behaviors following strong rallies, with local support near the 50-day EMA. However, a dip below this level may lead to further declines towards the $47,000 to $48,000 support region, followed by potential support near $43,000 to $44,000. Continued selling pressure could trigger an accelerated sell-off towards the $39,000 to $38,270 zones.</p>
<h2 class="wp-block-heading" id="xrp-s-technical-indicators-and-bearish-signals">XRP’s technical indicators and bearish signals</h2>
<p>XRP’s chart displays the crossing of the 100-day and 200-day EMAs, a scenario some may label a “death cross,” although it deviates from the classic definition. This event, indicative of bearish sentiment, is observed as XRP hovers above crucial support levels.&nbsp;<br></p>
<p>Maintaining ground above these levels is crucial for<a href="https://www.cryptopolitan.com/john-deaton-pro-xrp-lawyer-announces/" rel="noopener noreferrer nofollow"> XRP</a> to invalidate bearish signals and potentially ascend toward previous resistance levels. However, breaching these support levels could lead to a slide towards the next significant support zone.</p>

Market analysis: Shiba Inu, Bitcoin, and XRP witnessing volatility amidst shifting sentiment

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