The last measures of the SHIBA Inu traders have caught. Shayb was rejected in early June after regaining EMA for 50 days (about 0.00001418 USDT) after flirting with EMA for 100 days (about 0.00001392 USD). It is currently traded higher than his long -term support at about $ 0.00001200.
Investors were not ready for this narrow trading scope, which is placed between the company’s support and the stubborn resistance after a higher impulsion in May. Buyers are still ready to defend this floor, as it is clear from the apostasy from the level of 0.00001200 dollars, but it is interesting that there was only a little size on the height. None of the two sides committed the applicable capital, as evidenced by the daily size that is launched.
The fact that SHIB is still less than 50, 100 and 200 days EMA-all slope down and support the current downward trend-this makes it a special problem. Moreover, RSI offers a cautious picture. It indicates that the momentum still tends towards the sellers because it sits nearly 45.
The prolonged decrease is likely to lead to less than $ 0.00001200 to intensify sales pressure and pave the way for a re -test supported by March about 0.00001050. Instead, the first step will be towards the real -directional reflection if SHIB is able to impose a clear closure above $ 0.00001392 over the next few sessions, perfectly while picking a volume.
XRP immediate mutation
The XRP recently rose sharply, decisively exceeding 50 -day moving averages (blue line). This is a great development because the height above this important EMAS is often seen as a green technical light that indicates the recovery of a potential market and the bullish momentum. The price of more than 200 days of EMA supports collapse and enhances a positive technical position.
It gave the sharp increase of merchants and investors a new hope that after a long period of unification and side movement, XRP is ready for a great return. But although this technical step above Emas is an encouraging task, wisdom is still necessary. The price procedure may be a fake, which is frequent as the price rises temporarily over large resistance levels before decline.
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Moderate but not particularly powerful levels that correspond to this penetration indicate that the purchase pressure may not be strong enough to support a long -term gathering. Moreover, the RSI is currently in the mid -fifties, indicating both the possibility of volatility and some space for upward momentum.
Investors must closely monitor to confirm the penetration. A stronger bullish trend will be indicated by a constant closure above 50 and 100 EMA at an altitude of size. On the other hand, excessive optimistic traders may be stopped if XRP returns to below these averages and quickly turn into a declining collapse.
Ethereum regains power
ETHEREUM rose sharply higher than the decisive price level of $ 2600, indicating a possible start to the huge recovery that many were waiting for. After weeks of falling into a convergence channel, ETH now broke out and re -introduced an upward channel, indicating a new rise. The fact that this penetration coincides with the strong support of the important moving averages makes it worthy of observation.
ETH is still higher than the 50 -day moving averages, which were historically as important support levels during the upscale periods. There is a clear sign that sellers lose control and that buyers take over the increase in prices is that there is no declining pressure that pushes the eth to less than these levels.
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The last gathering witnessed a healthy volume, indicating that the boom is supported by the participation of the actual market rather than a transient height. Currently, the RSI Index is in the low 1960s, indicating the upscale momentum but allows some space before reaching peak lands.
After temporarily testing, ETH managed to maintain its position above the decisive resistance level about $ 2800 in the latest trading sessions. This perseverance supports the argument to obtain a continuous rise towards an important psychologically important landmark. Ethereum will reach an important landmark if it will reach this goal, indicating the end of the previous declining direction and the beginning of a new upward cycle.
