The bullish technical pattern known as a golden cross, which can indicate a major increase in the value of an asset, is about to emerge for $XRP . When a longer-term moving average like the 200-day EMA crosses above a shorter-term moving average like the 50-day EMA, this is known as a #GoldenCross .
This crossover is frequently taken as a reliable sign of bullish momentum, indicating that there may be preparations for a long-term upswing in the asset. The price performance of XRP appears to be stabilizing on the current chart following some recent volatility. The 200-day EMA and the 50-day EMA are getting closer, which could soon result in the formation of a golden cross. #EMA

Given that traders frequently use the golden cross as a signal to initiate long positions, if this pattern comes to pass it will probably draw in more buyers. Watch the key levels around $0.5364 and $0.5648 in the upcoming days. A golden cross is more likely if XRP can overcome these resistance levels while the moving averages keep converging. Higher targets such as retesting the $0.60 level and beyond could be reached by XRP if a confirmed golden cross is formed.
But because the market can be unpredictable, it is crucial to exercise caution. Even though it is a bullish indicator, the golden cross is not perfect. The price movement of XRP may still be impacted by outside variables and the general mood of the market. Before taking any action, traders should keep a careful eye on the circumstances and weigh any potential risks.
Shiba Inu remains in trouble
Though the Shiba Inu ($SHIB ) price has been steadily declining over the last few months, the chart indicates that a possible reversal may be approaching. For traders hoping to profit from the next move, it is essential to pinpoint the critical price levels at which SHIB may experience a shift in momentum.
At the moment, SHIB is trading close to the $0.00001357 mark. Although this area has served as a flimsy support, it has not shown enough strength to start a sustained rebound yet. Watch the $0.0001508 level for more compelling reversal traders. A break above this price could potentially mark the start of a new uptrend by indicating that SHIB has overcome a significant resistance level.
The mark of $0.00001621 is an additional crucial level to monitor. The 50-day EMA, which this price is in line with, may serve as a technical as well as a psychological barrier. In addition to confirming a short-term bullish trend, SHIB pushing past this level would raise the possibility of testing the next major resistance. Underlying this, the crucial support to keep an eye on is the $0.00001000 level.
A decline below this would probably negate any bullish momentum and might trigger additional drops. But the $0.00001824 mark, which represents the 200-day EMA that has historically been a strong resistance point, could be the next significant target if SHIB can sustain its current levels and begin to build upward.

Solana failed to break through
Recent attempts by Solana to break above the $150 mark were thwarted by resistance, which sent the price back down to $144. This rejection at $150 might be the first sign of a possible decline in price, which could see $SOL fall below $100. But even though this denial at a crucial resistance level might seem alarming, it is important to take the larger market context into account.
Instead of going into a severe downturn right now, Solana appears to be starting a sideways trend. The price action indicates that although the bears have not yet fully taken control, the bullish momentum has weakened. As of right now, Solana is trading near the $144 mark, which serves as an immediate support level. Should this hold, Solana may consolidate in a range instead of experiencing a large decline.
The market may stay in this phase for some time if SOL does continue to move sideways, with $139 serving as a crucial support and $150 serving as a formidable resistance. Rekindling bearish sentiment and pushing the price closer to $100 is possible if there is a break below $139.
Nevertheless, this scenario appears less likely at this time, in the absence of a significant downward momentum. Conversely, a resumption of the uptrend may be indicated if Solana is able to gather itself and try to break through the $150 resistance again. To predict the likely next move, traders should keep an eye out for price action and volume spikes around these critical levels.
#tradesafely #BlackRockETHOptions #CryptoMarketMoves

Shiba Inu Coin price has lost 1.3% in the last hour to $0.0000094 during US business hours on Tuesday. Bitcoin price is also bleeding albeit slightly, trading below $49,200 after the release of the Consumer Price Index (CPI) data in the US.Shiba Inu Coin Price, Bitcoin Tumble As CPI IncreasesThe latest data from the Labor Department show a spike in inflation, exceeding expectations. High shelter prices stood out with the CPI — a measure of the prices consumers pay for goods and services surged 0.3% in January, the Bureau of Labor Statistics announced on Tuesday.Narrowing the outlook on a yearly basis, the CPI fell to 3.1% from 3.4% reported in December. Market watchers survey by Dow Jones anticipated a monthly surge of 0.2% alongside a 2.9% rise annually.Core CPI, which excludes the unstable prices of food and energy, rose by 0.4% in January and matched the 3.9% annual increase from December. These figures were higher than the expected 0.3% and 3.7% respectively.People who expected the CPI report to indicate inflation was slowing down are disappointed. This could explain the sudden dip in crypto prices led by Bitcoin below $49,000.The hot CPI data could further dismantle expectations that the Federal Reserve will begin rate cuts soon. As it stands, the Fed will need more time to plan for the anticipated rate cuts likely to start in July.As for crypto, the hype surrounding the upcoming Bitcoin halving and growing interest in the spot ETF arena could weather the storm, allowing for immediate recoveries, starting today.Shiba Inu Coin Price Prediction: Is It A Good Time To Buy The Dip?Shiba Inu Coin is down to $0.0000094 after climbing to $0.0000097 on Monday and early Tuesday. The Relative Strength Index (RSI) backs the unforeseen correction as it slides below the midline in the neutral region.The confluence of the 200-day Exponential Moving Average (EMA) and the 50-day EMA (the purple and red lines on the chart) at $0.0000093 serves as SHIB’s immediate support.Should it holds and the meme coin starts to rebound, traders and other speculators will consider buying the dip to prospect on the likely push past $0.00001.However, Shiba Inu Coin ($SHIB ) is not out of the woods yet because losing the confluence support might trigger another dip to $0.000009. Investors can treat dips as opportunities to buy until the range low support at $0.000009 shatters and exposes SHIB to the risk of falling to $0.000008.Source: CoinGape#Write2Earn #ETH #TrendingTopic #SHIB #EMA

#Educational Exponential moving average (EMA)

EMA is another form of moving average. Unlike the SMA, it places a greater weight on recent data points, making data more responsive to new information. When used with other indicators, EMAs can help traders confirm significant market moves and gauge their legitimacy.

The most popular exponential moving averages are 12- and 26-day EMAs for short-term averages, whereas the 50- and 200-day EMAs are used as long-term trend indicators.

#Binance #BTC #EMA #crypto2023 #leontech