
Well, the crypto market’s been trying to find its footing lately. There was some hope for a real recovery—we talked about that possibility before—but honestly, the current rally seems a bit shaky. That said, if Bitcoin can push past that $115,000 mark, things could accelerate pretty quickly. Even as soon as today.
Shiba Inu Shows Some Strength
Shiba Inu seems to be stabilizing around $0.000013, which is interesting. After months of basically going nowhere and a bunch of failed breakout tries, it’s finally reclaiming some key moving averages. That often sets the stage for some near-term growth.
It broke through its 50-day EMA on the daily chart, which is a decent technical signal. For a while now, that line’s been acting like a ceiling, so getting above it is a shift. Maybe sentiment is starting to change.
Volume is picking up a bit, and the RSI is strengthening—not overbought yet, but getting there. It suggests buying interest is building without looking exhausted just yet. If this keeps up, the next big test is the 200-day EMA near $0.000014, and after that, the $0.000015 zone. That area has a lot of historical activity.
It’s not just charts, though. Holding above $0.000013 feels important psychologically. It keeps people from panicking and selling. Helps with accumulation. SHIB is still fighting for attention in the meme coin space, but it’s handling the volatility better than some.
Still, I wouldn’t get too carried away. Breaking the 50 EMA is one thing, but there are bigger resistance levels ahead. If broader sentiment dips again, those could stop the climb. Worth watching if it can hold this level and slowly push higher.
XRP Nears a Decision Point
XRP is hovering right around $2.99, which puts it just under a major test at $3.00. It’s been consolidating below a descending trendline, and momentum is building for a possible breakout attempt soon.
The recent push has been supported by decent volume, and it’s back above the 50 and 100-day EMAs, which is encouraging. But that $3 area is tough—it’s where the 200-day EMA and that descending trendline meet. It’s a real resistance cluster.
If it can break through $3 with good volume, that could trigger more buying and push it toward $3.30 or even $3.50. That would pretty much confirm the bullish shift.
But if it gets rejected? Could easily fall back toward $2.80, where the 100-day EMA might offer support. That would mean the bulls aren’t strong enough yet and we’re in for more sideways action.
The next day or so is key. Watch the volume around $3. It’ll tell us a lot about where XRP is headed short-term.
Bitcoin Holds Steady
Bitcoin is sitting near $114,000, looking like it’s preparing for another move. If it can gather steam, a run toward $150,000 isn’t out of the question.
It’s cleared the 50-day EMA, which is a good sign. That line has been resistance during pullbacks, so reclaiming it often hints at a shift in mood. Volume is supporting the move, and the RSI is rising but not overheated. There might be room to go.
Next big resistance sits between $118,000 and $120,000. That’s a area where we’ve seen lots of liquidity before.
The overall mood is cautiously optimistic, but there are still some mixed signals. I don’t think it’s time to get overly excited. Staying patient here, watching