XRP has already regained 20 %, the huge ETHEREUM (ETH) sale volume before $ 2000, and try to recover Sixth Shiba Inu (SHIB): another accident?
After reaching its lowest levels, XRP recovered, and highly increased by about 20 %. After hitting important support levels, the original recovered quickly, giving investors a new hope. Restoring many resistance levels while climbing is among the most worthy aspects of the recent price of XRP. This indicates that after weeks of dominance, buyers gradually regain control.
The fact that XRP is currently circulating nearly $ 2.38 indicates a significant improvement in purchasing pressure and feeling. Now that XRP approached the SISESESANS for 100 days (EMA), which was historically as a strong resistance level, there is an important technical teacher in the store. A longer bullish phase may be indicated with the price targets that extend towards the upper border of the concession channel at $ 2.60 if the original is able to penetrate this barrier.
Moreover, the recovery attempt is supported by the dynamics of size. When trading activity increases steadily, it indicates that the purchase momentum is a change in location identification in the market instead of just a reaction. The most healthy market state is also reflected in the RSI index, which is transmitted from the sale area. However, difficulties still exist.
The total cryptocurrency market is still volatile, and the continuous demand is necessary on XRP to continue its upward path. If 100 EMA is not broken, there may be another decline, and perhaps re -test levels less about $ 2.20.
Ethereum reflection capabilities
Because of the powerful sale pressure on ETHEREUM, it has become a brand of $ 2000 more and more attributed. As the size increases with the sale of traders from their property, the recent prices indicate that the declining momentum is still in control despite the slight recovery operations. The volume of sale on the market has increased significantly, indicating that a large number of entities sell ETH property.
High volume during the declining direction usually indicates the condemnation of the strong seller, which makes it difficult for the price to turn. This is exactly where the ETH is now, with more selling pressure after each small recovery. Upon careful examination, the ETHEREUM price procedure shows that it has difficulty maintaining its upward momentum. As large resistance levels, EMAS has maintained for 50 days and 100 days on the origin without important movement averages.
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Not any attempt to recover for a long time may continue to restore these levels. The feeling of the surrounding market is severely affected by ETHEREUM, the psychological threshold of $ 2000. ETH may indicate more losses in the future if he cannot re -test this level. ETHEREUM may decrease towards the following support areas at $ 1,800 and perhaps less if the pressure pressure continues.
According to the current declining direction, buyers adhere to entering the market until the composition is formed more clear. Change in the market mood is necessary for ETH to escape from this sales cycle.
Try to restore Sheba Eno
For the sixth time, Shiba Inu is trying to restore the lost land. However, the potential of upward assets is still challenging through strong resistance levels and continuous declining composition. SHIB is currently going on at a level of $ 0.000012, a critical cut that has been a major support field in recent months.
A clear step above this level may indicate a more powerful effort, but the momentum is still unclear at this stage. When assessing whether this attempt will differ from the previous unsuccessful recovery processes, the general condition of liquidity and market elements as a whole remains decisive factors. Technically, SHIB has a problem survival over its mobile average for 50 days, which currently supports the declining pressure.
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The fact that the original is still trading without the averages of 100 and 200 days, as well as emphasizing the decline in the market. That is, a short -term recovery in principle until these levels are restored. The price of 0.0000135 dollars, as the last unpleasant recovery attempt was rejected, is the important level of resistance to SHIB.
It may be a $ 0.000015 region, which is a decisive psychological level for merchants, the next goal if the original is able to penetrate. The original may re -test the $ 0.000011 support area on the downside if SHIB is unable to maintain its position above this level. SHIB may accelerate the losses and approach the mark of $ 0.00001 crucial if there is a breakdown below this area.
