Shiba Inu (SHIB) Paints Higher High: Details, XRP Golden Cross Secured, Bitcoin (BTC) Paints Hidden Pattern
Mar 21, 202420:30 AST
Shiba Inu paints a higher high on charts, signaling a potential reversal in investor sentiment and market dynamics. Following a period of consolidation, SHIB has broken past previous resistance levels.
SHIB's price has overcome a critical resistance level, now turning it into a support that traders should keep an eye on. This newfound support is situated around the $0.000022 mark. Should SHIB’s price retrace, this level could play a crucial role in sustaining the current bullish momentum. On the flip side, resistance lies near the $0.000028 level, a breach of which could pave the way for further gains.
SHIBUSDT
Chart by TradingView
Shiba Inu has recently climbed to a new high, which is quite important. This shows that people are willing to buy more even when prices dip, suggesting they believe in the reversal in the foreseeable future. Before this, SHIB's price was consolidating, so this upward move has made those who like SHIB hopeful that its value could keep rising.
XRP secures golden cross
XRP has unexpectedly secured the golden cross formation. This occurs when a shorter-term moving average crosses over a longer-term moving average, typically indicating potential for significant price increases.
The daily price chart has shown the 50-day moving average climbing above the 200-day moving average, a substantial growth signal. The golden cross could potentially lead to an uptrend as it may attract more buying pressure.
The recent dip to the support level around $0.50 was met with a strong buy-back, pushing the price to a higher high. As another higher high gets painted, XRP might finally enter a prolonged uptrend and reverse for good.
In terms of growth scenarios, XRP could test and possibly break through the aforementioned resistance level. This would open the way to $0.70, and consolidation at around that price level would become a foundation for growth toward $1.
