Shiba Inu Coin (SHIB) shows signs of rising, but beware of trading volume

After a long period of market consolidation and decline, Shiba Inu Coin (SHIB) finally showed positive signs that it may be heading towards an upward trend. Shifts in asset momentum are seen as key indicators in technical analysis, and SHIB recently managed to break above its 50-day exponential moving average (EMA), an event that marked the first significant move higher since the middle of the year. The breakthrough has stimulated the market's optimistic expectations for its future trend.

Currently, SHIB is trading at around $0.00001499 and has firmly established itself above the 50-day EMA (around $0.00001700), paving the way for further gains. However, it is worth noting that despite the positive momentum, the volume remains relatively low, which is a potential concern. The lack of volume means that the market lacks sufficient buying support, and SHIB's upward momentum may be limited, or even face the risk of a reversal.

If SHIB can continue to remain above the 50-day EMA, and accompanied by a significant increase in trading volume, then the next important technical barrier, the 100-day EMA, will become its next challenge target. On the contrary, if SHIB fails to hold this key support level, it may quickly return to the downtrend, with the key support level below it located near $0.00001300.

XRP is approaching a critical point of breakthrough, and the market is waiting for a direction decision

On the other hand, the trend of XRP has also attracted widespread attention from the market. As XRP gradually approaches the end of the symmetrical triangle pattern, the market generally believes that a major breakthrough is coming. Currently, XRP is trading at around $0.5781 and hovering near the upper edge of the triangle, showing that the market is evenly matched between the long and short sides.

Although the symmetrical triangle itself does not provide a clear breakout direction, it does indicate that the market is about to usher in a period of intense volatility. The resistance range above XRP is between $0.60 and $0.62. If it can effectively break through this area, it may move further to $0.65 or even higher. However, the current situation of low trading volume also increases market uncertainty, making traders and investors more cautious before entering the market.

Solana fails to challenge $150 and faces an uphill battle

For Solana (SOL), it has recently failed to break through the key resistance level of $150, which has caused widespread concerns in the market. This is the second time that SOL has tried to challenge this psychological price, but it has failed due to strong selling pressure. This phenomenon shows that $150 has become an important obstacle on the road to SOL's rise.

After failing to maintain its upward momentum, SOL's price has fallen slightly and is currently trading around $147. If SOL attempts to break through this resistance level again in the future, it may face huge selling pressure again. At the same time, $141 and $139, as important support levels, have also become the key to whether SOL can maintain its current price level. If these support levels are lost, SOL may face a greater risk of a pullback.


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