Shiba Inu (SHIB) Can Win This Market Correction, XRP Breakout Back in Game, Ethereum (ETH) Below $3,000: What to Expect?
The post Shiba Inu (SHIB) Can Win This Market Correction, XRP Breakout Back in Game, Ethereum (ETH) Below $3,000: What to Expect? appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. With its price falling below the crucial 200 EMA, Shiba Inu has had a wild ride lately. Traders were alerted by this move because it implied a possible move into bearish territory. However, the story has shifted in favor of SHIB due to its remarkable recovery from this decline. Shiba Inu had a spectacular recovery after falling below the 200 EMA, moving up about 9% from its lowest low. This speedy recovery shows how resilient the asset is and how much buying interest there is at these prices. Near $0.00002100, the move has created a strong support zone that might serve as a buffer against additional declines. At $0.00002150 the price is currently above the 200 EMA, indicating that SHIB may stabilize or even rise. Shiba Inu may be putting itself in a position to benefit from the current market correction given its recovery from such a severe correction. SHIB/USDT Chart by TradingView In the event that momentum keeps increasing, SHIB may test resistance levels at $0.00002270 and $0.00002400. Even though the overall market is still erratic, SHIB’s strength is demonstrated by its ability to recover important technical levels. XRP back on track A breakout has brought XRP back into the spotlight and is rekindling optimism. The asset has risen once more after briefly dipping back into…
Filed under: News - @ January 15, 2025 10:25 am