Bitcoin

Bitcoin (BTC): $100,000 Finally Here, This XRP Level Can Send Price to $3, Massive Shiba Inu (SHIB) Bounce: Bull Run Begins?

A rupture through the level of critical resistance that XRP is teasing could serve as a momentum for a long -awaited rally. On the daily graphic, XRP is currently testing the 100 EMA, which has always been an important turning point for the active. It is currently negotiated at around $ 2.18. This is the context that makes this test so crucial. XRP recently found solid support near the $ 2 bar after rebounded on 200 EMA.

Having resisted several times in the past, this support zone essentially laid the basics of active recovery. XRP now targets its next major resistance in the 100 EMA (approximately $ 2.21) as the momentum increases and a clear structure develops on the graph. The market can reach the descending trend line around $ 2.50, and if the move grows, $ 3, if there is a clear break above this level.

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Table XRP / USDT by tradingView

Any escape from here could lead to a significant change in feeling because it is close to the apex of the structure of the symmetrical triangle which has been in place since February. As there was no notable increase to go hand in hand with the recent movement up, volume is always a problem.

Nevertheless, the RSI remains in neutral territory, indicating that more increase is possible before market overheating. The psychological level of $ 3 and the next targets to keep an eye on $ 2.50 if XRP is able to close firmly above 100 EMA. Conversely, if XRP is rejected at this level, it is likely to return to the level of support of $ 2.00, the 200 EMA used again as a final line of defense.

Shiba Inu shines

A strong recovery activity of Shiba Inu sparked a conjecture at the start of a wider Bull Run. Shib made a strong reversal after having temporarily dropped to the level of support of $ 0,0000,127. It posted a solid movement of + 4% and increased above its 50 EMA, a level of dynamic support for the daily graphic. Not only does the rebound on the technical noise of the 50 EMA, but it also signals the increase in purchase pressure in a critical trend area.

The historic turns of the assets have been indicated by this mobile average, and the current response may indicate that a trend reversal is about to train after months of decline. What then comes for Shib? The 100 EMA, which is currently negotiating almost $ 0. 000014 is the first obstacle.

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Taking up this mobile average would be a definitive optimistic indication, in particular if it is accompanied by a point of volume, because it previously rejected the momentum upwards. Almost the same area of ​​$ 0.000014, where prices were blocked during the April mini rally, traders should also pay particular attention to the horizontal resistance.

However, SHIB risks another rejection and short -term lateral consolidation in the event of insufficient volume. Since the asset is comfortably located near the neutral area on the RSI front, which is more upwards is possible without creating excessive conditions. Now everyone looks to see if Shib can keep their momentum.

Bitcoin almost there

Bitcoin officially reached $ 100,000, one of the most important technical and psychological stages in the history of cryptocurrencies. Bitcoin is currently testing this area of ​​significant resistance after months of erratic action and consolidation, and market players closely observe a break or clear rejection.

With the rounded background formed between January and April and the handle perhaps taking shape now if the bitcoin cools down a little, the structure of the current graphic points to the formation of a cup and a common handle pattern. Haussiers continuation models are often linked to this configuration, which could push Bitcoin in the next high term to the next large levels of $ 105,000 and $ 110,000 if it is validated with an escape greater than $ 100,000.

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The strength of the current rally would be confirmed by such a technical signal, which would also promote additional investments in Bitcoin. However, this does not imply a break. Due to past liquidity traps and speculative overexxation in addition to the psychology of the round number, the $ 100,000 mark is a significant level of resistance.

The volume does not increase in tandem with the price, which may indicate short-term exhaustion and the relative resistance index (RSI) oscillates above 70, indicating over-defusion conditions. Bitcoin may be a brief decrease to $ 92,000, or even $ 89,000 (in accordance with the 100 -day EMA) if it is unable to exceed $ 100,000 with conviction.

However, the long-term trend will continue as long as Bitcoin remains above these important averages. The level of $ 100,000 is more than a simple sum at this stage, it is a door. Whether he holds or breaks will determine how the market develops in the months that followed.

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