The original may settle or continue to decrease as Shiba Inu approaches a decisive turning point. Over the past two days, SHIB has not been able to overcome a large resistance level, and is currently being traded at 0.00001277 dollars. This level corresponds to the 26 -day SIA moving average, which appears to be working as a strong rejection zone at this time. The price movement was not closed above the scale of 0.00001336-0.00001390 dollars, as 26 EMA, 50 EMA and 100 EMA are closely associated with many attempts to move higher.
Two consecutive days of rejection of prices by 26 EMA, in particular, is a strong technical indicator that market participants hesitant to adhere to the upscale cans. The frequency of the public market is reflected in this predicament. The decrease in the size of this week indicates that bulls, no bears are interested or very convinced.
However, this lack of momentum about the main resistance, often comes before the collapse, especially when the morale of the market or the basics does not improve. Since mid -May, the horizontal support level was about $ 0.00001200 has kept it, and this is the most immediate concern. There is a good opportunity to re -test SHIB this support if the EMA 26 rejects keeps and sells the size of the size.
Moreover, the structure indicates that it may not carry this time. Investors need to be careful. EMA 26 mainly works as a queen, in current circumstances is not broken. The correction is likely to be deeper in the absence of new flows or a strong micro catalyst.
Ethereum near
Ethereum prepares a large fracture, and it can cross a sign of $ 3000 with only one strong growth wave. ETH is now trading about 2750 dollars after leaving the narrow Tawheed channel that it was following for most May and cleansing a large resistance area.
Technically, things look good. Each major average is a major moving, including Emas 50, 100 and 200 days, which works as a lower layer support, is comfortablely higher than the current ETHEREUM level. With ETH recently restored with a level of $ 2600 and rose above $ 2750, this basis reinforces the bullish narration.
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A slight increase in size on modern green candles indicates that buyers enter the market with a new force. Since it is above 60, the RSI indicate indicates the bullish momentum without going to a seen area. Instead of peak, this indicates that the market is merciful. At this stage, the resistance that depends on feelings is the only thing that prevents Ethereum from reaching the level of 2000 dollars.
The continuous payment of optimism or catalyst such as ETF news or network updates can easily send ETH to new local levels where there are no important technical barriers above the current levels. The next step for traders should be a slow grinding of about $ 2900-3000 dollars if the current support ranges between 2600 dollars -2650 dollars. The rejection of this point is likely to re -test the support in EMA for 200 days, which is about $ 2,473. However, given the structure of ETHEREUM reinforcement, this scenario now seems less likely.
XRP stands still
One of the important conclusions of the last XRP behavior is that it stabilizes, and that the price level of $ 2 has now begun to form strong asset support. About EMA for 200 days, which is currently $ 2.09, and was historically reliable ground during the upscale transformations, XRP shows strong flexibility at the current price of $ 2.24. In the long term investors are often used 200 EMA to distinguish between continuing and collapsing; It is not just technical terms.
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In addition, XRP has so far shown full respect. In early June, the bears tested this level several times but were unable to impose a deeper decline. Instead, there was a significant height in buying interest as XRP regained and regained the ground over EMAS for 50 days and 100 days ($ 2.25-2.26 dollars).
RSI is located in a neutral area, indicating that the original is wrapped instead of peak or excessive work, while the size remains fixed. The idea that $ 2 is now structural support instead of just psychological support supported by this unification, which happened directly above 200 EMA.
This changes the risk profile in favor of XRP, but what does this mean for investors? It is unlikely that the rest period as long as XRP remains above the range of $ 2.09 to $ 2.10, and there is a much greater chance to bounce towards higher resistance such as 2.60 dollars.
