🔥🔥🔥 #Arbitrum (ARB) Reversal Denied, Shiba Inu (#SHIB💥 ) Enters $0.000008, #cardano (ADA) Lands on Substantial Support

Arbitrum's native token, ARB, experienced an unexpected setback in its anticipated reversal, facing a sharp decline influenced by various market factors, including significant selling pressure from Grayscale's Bitcoin holdings liquidation. The chart indicates a struggle to maintain support above $1.50, raising doubts about ARB's short-term outlook. Attention is now on the $1.30 zone, which may act as a temporary foothold, with further support near $1.20 if needed. Reclaiming the $1.50 level is crucial for any reversal, potentially paving the way to $1.70.

Cardano (ADA) touches down on a substantial support level, the 100-day Exponential Moving Average (EMA). ADA's price contraction aligning with the 100 EMA suggests a potential inflection point. The $0.47 100 EMA serves as a pivotal support, and ADA's future trajectory hinges on maintaining or breaching this level. A successful rebound could target $0.50 and $0.55, while a breach may lead to a decline towards $0.40 and potentially $0.35.

Shiba Inu faces a significant drop below the $0.000009 mark, sparking concerns and mixed emotions in the community. The decline signals a potential downtrend, with market participants closely monitoring support levels, particularly the critical $0.000008 level, historically a strong psychological and technical support. The current situation prompts observers to watch for signs of recovery or further decline in SHIB's performance.

Source - u.today

#CryptoNews🔒📰🚫 #BinanceSquareTalks $SHIB $ARB $ADA