🔥🔥🔥 #Ethereum (ETH) Secures $3,000, Cardano's ($ADA ) Dramatic Drop Irrelevant, Will #shibaInu ($SHIB ) Recover After 30% Plunge?
#cardano plunged over 20% to $0.4 but shows signs of recovery near the 200 EMA. Despite volatility, ADA surged past $0.48, attracting renewed interest. However, its longer-term bearish trend persists due to minimal trading volume. Failure at $0.4 could lead to further declines, but sustained market recovery could fuel a rally.
Shiba Inu faced a sharp 30% decline to $0.00002165, casting doubt on its recovery. Trading below the 50-day moving average, SHIB's bearish trend is exacerbated by subdued activity. A bounce from $0.00002880 may signal support, but its future remains uncertain without fundamental developments.
Ethereum reclaimed $3,000 with strong support at $2,700, indicating upward momentum. Increased trading volume supports the upward trend, with resistance at $3,600. Cautious investment is advised amidst market volatility.
Source - u.today