Shiba

Jerome Powell

Bitcoin

Optimism

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/how-will-crypto-markets-react-to-recent-trends/" data-wpel-link="internal">How Will Crypto Markets React to Recent Trends?</a><br></p>
<p class="p1" style="text-align: justify"><a href="https://coin-turk.com/onlar-geri-dondu-kripto-paralar-buyuk-harekete-hazirlaniyor" data-wpel-link="internal">The cryptocurrency market</a> is starting to recover following decisions by the Fed. Statements made by Chairman Jerome Powell play a significant role for risky investment assets. The recent rise in <strong><a href="https://coin-turk.com/bitcoin-kac-dolar-oldu-btcde-uzun-vadeli-yatirimcilar-vazgecmiyor" data-wpel-link="internal">Bitcoin</a></strong> and notable developments this week in tokens like OP, DYDX, and <a href="https://en.coin-turk.com/bitcoin-update-will-shiba-coin-rise/" data-wpel-link="internal">SHIB</a> raise expectations.</p> 
<h2 class="p1" style="text-align: justify" id="optimism-chart-analysis">Optimism Chart Analysis</h2> 
<p class="p1" style="text-align: justify">The daily <strong>OP</strong> chart analysis highlights a rising trend line that has been offering important clues to investors for nearly five months. However, a drop in March caused OP prices to lose momentum. The recent surge where the EMA 200 (red line) acted as resistance could signal a negative phase for OP.</p> 
<p class="p1" style="text-align: justify">Key support levels for OP to watch are; $2.61, $2.59, and $2.06. Particularly, a daily bar closing below the $2.59 level, which is the EMA 21 (green line) average, could cause OP prices to lose momentum. The resistance levels to monitor for OP are; $2.82, $3.24, and $4.00.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-347124 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/op-grafik.png" alt="" width="2450" height="1112"></p> 
<h2 class="p1" style="text-align: justify" id="dydx-chart-analysis">DYDX Chart Analysis</h2> 
<p class="p1" style="text-align: justify">The daily <strong>DYDX</strong> chart previously emphasized a rising trend line until the end of April, but recent selling pressure has introduced significant bearishness for DYDX. The recent upward move where EMA 9 (blue line) acted as resistance could accelerate a negative trend for DYDX in the short term.</p> 
<p class="p1" style="text-align: justify">Important support levels for DYDX in the daily chart are; $2.00, $1.88, and $1.68. Particularly, a daily bar closing below the $1.88 level could cause DYDX prices to lose momentum. The critical resistance levels to watch for DYDX are $2.13, $2.45, and $2.90.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-347122 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/dydx-grafik.png" alt="" width="2461" height="1115"></p> 
<h2 class="p1" style="text-align: justify" id="shiba-inu-chart-analysis">Shiba Inu Chart Analysis</h2> 
<p class="p1" style="text-align: justify">The four-hour <strong>SHIB</strong> chart shows a falling channel formation, which has been providing key insights recently. The price’s rise without touching the support line is noteworthy. SHIB’s momentum is on the rise as it manages to close above the EMA 9 average.</p> 
<p class="p1" style="text-align: justify">The most important support level for SHIB in the four-hour chart is $0.00002087. A four-hour bar closing below this level could cause SHIB prices to lose momentum. The critical resistance level for SHIB is $0.00002462.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-347121 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/shib.png" alt="" width="2458" height="1113"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/how-will-crypto-markets-react-to-recent-trends/" data-wpel-link="internal">How Will Crypto Markets React to Recent Trends?</a></h5>

How Will Crypto Markets React to Recent Trends?

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