Cryto Market Update: Latest Trend of SHIB, XRP and Bitcoin|
Shiba Inu (SHIB) – Signal of Reversal?
Current Price: $0.00001354 (4.56% up)
Key Levels:
Support: $0.0000122 (strong base since years)
Resistance: 50 day EMA ($0.0000142)
Next Target: 100 EMA and $0.0000160
Technical Indicators:
RSI bullish crossover (at 50+)
Volume is increasing
Whale activity: 5.54 trillion SHIB outflow (on 20 March)
Caution: Currently trading below 200 EMA.
XRP – In Breakthrough Mode!
Current Price: $2.48 (1.69% up)
Key Levels:
Breakout: crossed 50 day EMA ($2.40)
Next Target: 2.80 – 3.00
Macro Support: 200 EMA ($1.92)
Technical Indicators:
RSI 53+ e (momentum increasing)
Testing the upper trendline of the descending channel
If the 50 day EMA is sustained, a long term rally can begin!
Bitcoin – heading towards $90K!
Current Price: $88,507 (ascending triangle breakout)
Key Levels:
Resistance 1: 50 day EMA ($90,237)
Resistance 2: 100 – day EMA ($90,291)
Strong Support: 200 EMA ($85,000)
Technical Indicators:
RSI at 53.78 (not overbought yet)
Volume is low (a little concern)
If the breakout does not happen with volume, then there can be a ullback.
What should investors do?
SHIB: Wait for 50 day EMA breakout
XRP: Wait for confirmation of karma-evidentik up to 2.80
Pro Tip: If you want to invest in stocks, then check AI-Powered portfolios! In 2024, ProPicks has given a return of 2 stocks 150%+, 4 stocks 30%+ and 3 stocks 25%+.
