According to U.Today, Shiba Inu, a popular meme cryptocurrency, is showing signs of a potential surge in price. The asset has come up against the 50-day exponential moving average (EMA), a key indicator that could signal a shift from a bearish to a bullish state. If Shiba Inu can break through this barrier, it could potentially soar above the $0.00003 mark, indicating a strong bullish momentum. However, the asset has recently experienced a significant drop, retracing from $0.000045. If it fails to overcome the 50 EMA, it could slide back down to $0.000022.
In other cryptocurrency news, XRP has seen a significant increase in value, rising by 26% recently. Over the last 24 hours, it has gained 12.5%, and in recent days, it has nearly achieved a 30% recovery. This surge in bullish volatility could indicate a shift in market control from bears to bulls. If XRP can maintain this pace, it could potentially break through the $0.5997 resistance level. However, it is crucial for XRP to stay above the $0.5561 support level to sustain this bullish momentum.
Meanwhile, Solana is at a critical juncture, holding onto the $150 price threshold. This is a crucial support level for Solana, and securing this spot could pave the way for a potential breakthrough. However, a resistance at $151 poses a challenge. If Solana can break past this resistance, the next target would be around $166.57. If it fails to do so, it may retest the waters around the $138.69 support level.