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Interesting and exciting times are here for Shiba Inu. It has come up against the 50-day exponential moving average, which now acts as a barrier between the bullish and bearish state of the meme asset. SHIB might just be gearing up for a substantial surge in price, a push that could light up the meme coin sector with bullish energy.
Why does this 50 EMA matter so much? Getting past it could mean SHIB is picking up speed, ready to leave the pack behind. It is possible that SHIB could soar above the $0.00003 mark if it breaks through this resistance. Hitting this number would be a clear signal: Bulls are back in town, ready to run.
However, SHIB's journey has not been all smooth sailing. Recently, it took a massive hit, retracing from $0.000045. Now, here it is again, facing off with the 50 EMA. If SHIB can leap over this obstacle, it is not just about higher prices; it's about the momentum and conviction of investors on the market.
If SHIB makes this breakthrough after all, the next big challenge will be to stick the landing above that crucial $0.00003 level. That is the zone where the crowd will really start cheering. But if SHIB stumbles and the price dips, it could see a slide back down to $0.000022. That would be a tough break.
XRP on fire
XRP has caught a gust lifting it an impressive 26% higher. In just the last 24 hours, it has racked up a 12.5% gain, and over recent days, we have seen it almost hit a 30% recovery. Considering XRP's dull performance in 2024, such a strong surge in bullish volatility is a sign of strength.
But let's break it down. What does this surge really mean for XRP? It is a signal that bulls might be taking the reins back from bears. If XRP can keep up this pace, it might just leap over the $0.5997 resistance level, which is where it stumbled before. Getting past that would be like a high jumper clearing the bar; it shows strength and sets the stage for the next leap.
For XRP, the landing spot to watch is the $0.5561 support level. Staying above that is key because if it slips below, it could mean the surge was just an accident. But in case of a controlled and slow recovery, the price may stabilize and gain a foothold above crucial price levels.
The market is known for its surprises, and XRP's recent sprint is no exception. Will XRP's bounce turn into a full-on bullish breakout, or is it just catching its breath before another dash? Only time will tell, but for now, XRP is showing it's still got some strength left in it, despite all the issues we saw previously.
Solana is back
Solana has reached a crucial crossroads, clutching onto the $150 price threshold. A make-or-break point for Solana, a support level where it needs to gather its strength for a breakthrough and gaining a foothold. Securing this spot is vital; it is the point of a previous breakdown that has to be turned into support.
However, the path ahead is not clear. A resistance is at $151, a line that Solana has flirted with but has not yet crossed with conviction. Pushing past it could signal a rally, but falling short might mean a struggle to find footing again.
Looking at the chart, if Solana breaks past the $151 resistance, the next target to watch would be around $166.57. Reaching and staying above this level could be the boost Solana needs to confirm its bullish stance in the market. Conversely, if Solana cannot gather the strength to climb over this resistance, it may retest the waters around the $138.69 support level.
Alex Dovbnya
Valeria Blokhina
