Bitcoin

Shiba Inu

<ul><li>BTC and SHIB are positioned for rallies as they find support at critical EMA levels.</li><li>Bitcoin tests Daily 200MA and EMA for the fourth time, signaling a potential bullish rebound.</li><li>Shiba Inu finds support at the 200-week EMA, indicating a possible 18% rally ahead.</li></ul>In recent market developments, both Bitcoin and Shiba Inu have shown promising signs of a potential bullish rally. According to a recent <a href="https://x.com/DaanCrypto/status/1806055078345973958" rel="noopener noreferrer nofollow">post</a> by Daan Crypto Trades, Bitcoin has tested the Daily 200 Moving Average (MA) and Exponential Moving Average (EMA) for the fourth time in this cycle. This is a rare occurrence during a bull run that often precedes a bounce. This technical indicator could signal a strong upward movement for Bitcoin. Concurrently, Shiba Inu (SHIB) has found support at its 200-week EMA, suggesting a possible 18% rally after a three-month downtrend.Bitcoin&#39;s repeated testing of the Daily 200MA and EMA indicates a critical juncture in its current bull cycle. Historically, when <a href="https://cryptotale.org/signs-of-a-local-bottom-bitcoins-15-correction-could-herald-a-new-ath/" rel="noopener noreferrer nofollow">Bitcoin</a> tests these levels, it often signifies a strong support zone leading to a swift bounce back. The chart shared by Daan Crypto Trades shows Bitcoin&#39;s price movement around the $60,755 mark, where the 200MA and EMA converge. This convergence is a critical support level, and its successful hold could trigger a significant upward momentum.Shiba Inu&#39;s price action also presents a compelling case for a bullish rally. After a prolonged downtrend, SHIB has found support at the 200-week EMA, trading at $0.00001692, 3.72% above this critical level. On-chain data reveals that <a href="https://cryptotale.org/shiba-inu-analyst-projects-2564-surge-to-0-00045-amid-market-adjustment/" rel="noopener noreferrer nofollow">SHIB</a> experienced a capitulation event on June 24, with a significant decrease in supply on exchanges. This decline indicates that investors are moving their tokens to wallets, reducing selling pressure and expressing confidence in SHIB&#39;s future performance.<a href="https://cryptotale.org/ema-level-signals-bullish-rally-for-shib-and-btc/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

EMA Level Signals Bullish Rally for SHIB and BTC

CryptoTale

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