Shiba Inu Gains Momentum as Bitcoin and XRP Eye Resistance
The latest crypto market snapshot shows a cautiously bullish tone as Bitcoin stabilizes near $114,000, Shiba Inu (SHIB) reclaims a key short-term moving average, and XRP tests a critical resistance level. Technical indicators and volume trends suggest momentum is returning, but confirmation at each asset’s resistance will be required to sustain any meaningful rally.
Bitcoin: After recent volatility, Bitcoin has steadied around $114k. The recovery includes a reclaim of the 50-day EMA, putting the next upside targets in the $118,000–$120,000 range if buyers maintain strength. Rising volume and an improving RSI support the steady recovery, though resistance at higher levels must be cleared for a confirmed uptrend.
XRP: XRP is consolidating below the important $3.00 resistance. A decisive breakout above $3.00 could propel XRP toward $3.30–$3.50, according to technical scenarios. Traders should watch volume confirmation and momentum indicators to validate any breakout and avoid false moves.
Shiba Inu (SHIB): SHIB has broken back above its 50-day EMA, currently near $0.000013, signaling reduced short-term bearish pressure and attracting accumulation. The 200-day EMA sits close to $0.000014 and represents the next meaningful hurdle for sustained upside. Rising volumes and an RSI that is strengthening but not yet overbought point to cautious bullish momentum.
Analysts from COINOTAG highlight the technical outlook and trade signals across these assets: momentum is improving, but key resistances must be confirmed before traders can expect a sustained rally. Risk management and watching volume and RSI remain essential as the market seeks clearer direction.
Key levels and signals to watch:
- Bitcoin: Support/holding near $114,000; targets $118,000–$120,000 if the 50-day EMA remains reclaimed.
- XRP: Consolidating below $3.00; breakout confirmation could target $3.30–$3.50.
- SHIB: Above the 50-day EMA (~$0.000013); next resistance around $0.000014 (200-day EMA).
- Across assets: watch volume and RSI for validation and prioritize risk management to avoid false breakouts.
