🔥🔥🔥 Shiba Inu ($SHIB ) Approaches Golden Cross, $XRP Holds Key Support, and Bitcoin ($BTC ) Shows Resilience
Shiba Inu Nears Golden Cross, XRP Faces #BEARISH📉 Signs, Bitcoin Shows Strength
Shiba Inu (SHIB) Approaches Golden Cross
- SHIB is close to forming a golden cross, where the 50-day EMA crosses above the 200-day EMA, a traditionally bullish indicator. This pattern could drive buying interest if completed, especially as SHIB holds key support levels and gains momentum. While not a guaranteed rally, a successful golden cross could propel SHIB’s price in the near term.
XRP Battles Key Support Amid Death Cross Threat
- XRP hovers around critical support at $0.50 with the risk of a death cross (50-day EMA crossing below 200-day EMA) on the horizon. If support at $0.50 fails, further declines to $0.45 or $0.42 may follow. A death cross could deepen the bearish outlook, though a hold at $0.50 might signal sideways consolidation.
#bitcoin☀️ Holds Firm at Key Support Level
- Bitcoin tests the upper boundary of a long-term descending channel, potentially setting up a rebound. Strong support at $65,000 could serve as a springboard toward $73,000, while holding $62,800 (100-day EMA) is also crucial. If Bitcoin sustains these levels, it may continue its bullish trajectory. Traders will monitor these areas closely to gauge the strength of BTC’s potential recovery.
