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Though recent market performance of these assets has been shaky, a comeback is far from impossible. The key hurdle? Stubborn local resistance. But, if even a sliver of yesterday’s buying frenzy reignites, that barrier could shatter, paving the way for a dramatic recovery.
Shiba Inu’s agressive bullishness
Shiba Inu just detonated. A 150% volume explosion ripped through the market – the kind of pyrotechnics downtrend traders dream about. But before you light your cigars, zoom out. SHIB remains shackled, struggling to break free from the gravitational pull of every major moving average (50, 100, 200). This rally might be more fizzle than fuse.
Yesterday’s volume screamed “ignition,” but today’s sputter leaves us stranded. Was it a final, desperate gasp of air in a tired market, or the rumble of true demand? The price action whispers, “Doubtful.”
SHIB’s attempted rally fizzled faster than a firecracker in the rain. The 50-day EMA, a ghost from early October, proved an insurmountable barrier, leaving a tell-tale “long wick” – a graveyard for bullish hopes. This isn’t the stuff of genuine reversals. Think of a true trend shift as a short squeeze – a desperate scramble forcing prices skyward, decisively blasting through resistance. Instead, SHIB’s surge was a mirage, momentum vanished like smoke, and buyers scattered like startled birds.
SHIB’s RSI reading in the low 40s paints a picture of listless drifting. Forget bullish breakouts and oversold bounces; SHIB is marooned in no-man’s-land. Conviction? Gone fishing.
Hope flickers, but the fat lady hasn’t sung yet. One more explosive volume day could mean yesterday wasn’t just static. But here’s the catch: this time, we need a green candle, a triumphant surge back into the $0.00000930-$0.00001000 zone. Crack that resistance, and a relief rally towards the 100-day EMA becomes a real possibility. Stumble, and the market whispers a different story: that massive volume spike? Just savvy whales dumping their bags on a wave of naive optimism.
Ethereum’s grim signal was not that scary
Ethereum’s death cross arrived, but the Grim Reaper seems to have taken a detour. After weeks of anticipation, the 50-day moving average plunged below the 200-day, triggering the dreaded bearish signal. Traditionally, this portends doom, a signal flare announcing further price declines. However, Ethereum’s price is stubbornly ignoring the memo, defying the script and leaving analysts scratching their heads. Is this a glitch in the matrix, or is the death cross losing its bite?
Death cross looming? Don’t panic. Before the grim reaper’s scythe actually falls, keep an eye on momentum. Often, it whispers a different story, trapping bearish traders betting on the inevitable plunge. History shows ETH, amidst death cross hysteria, often stages powerful rallies. It’s not magic; it’s crowded shorts getting squeezed – a classic case of everyone zigging when they should zag.
Forget the crystal ball – in today’s market, the death cross and golden cross are more like fleeting mirages than reliable predictors. Algorithmic wolves, preying on thin liquidity, have muted their predictive power. Yet, dismiss them entirely at your peril. These formations still whisper into the market’s ear, swaying sentiment, directing the flow of capital, and triggering avalanches of liquidations. Even if their predictive prowess has faded, their influence on price volatility remains undeniable, capable of turning gentle ripples into raging tides.
ETH is flirting with disaster, clinging to its 50-day EMA like a lifeline. The RSI is whispering “buy,” hovering in the mid-50s, while trading volume is starting to pulse. This is a battleground. Bulls are sniffing an opportunity. Conquer the $3,350-$3,500 fortress, and the 50-day EMA bends to their will, nullifying the dreaded death cross. Should that happen, watch out! Bears get squeezed, shorts evaporate in a flash, and momentum traders stampede into the long positions.
Bitcoin pushes back
Bitcoin’s flirting with $93,000 again, but don’t uncork the champagne just yet. This isn’t a victory march; it’s more like walking a tightrope. That $86,000 bounce? Think of it as a temporary reprieve fueled by nervous short-sellers and a market that was simply too beaten down. Zoom out, and the picture’s less rosy. Bitcoin’s still trapped beneath the bearish gaze of the 50, 100, and 200-day moving averages – all stubbornly pointing south. This isn’t a launching pad for a bull run; it’s a market struggling under the weight of larger economic forces.
Bitcoin’s bull run faces its first real gatekeeper around $93,000. Right now, BTC is butting heads with the 20-day EMA – a notorious resistance level that often flips bearish once momentum falters. If Bitcoin can’t decisively conquer this zone with a solid daily close, the rally loses serious steam, and we’re likely headed back to the bargain bin.
The critical floor remains: $86,000. A retest feels inevitable. Should buyers falter again at that line, brace for a slide into the low $80,000s – gravity takes hold. More than just numbers, the underlying tide is turning. Months of relentless selling have forged a stubborn ceiling, choking any rally attempts.
Bitcoin’s teetering on a knife’s edge. Can it conquer $93,000 and charge into the $95,000-$97,000 territory? Seizing that ground, a stone’s throw from the 50-day moving average, would unleash a short squeeze, sending bears scrambling and igniting a bull stampede. However, the bulls are under pressure to prove themselves. The chart whispers caution: moving averages stubbornly resist, volume sputters, and the RSI, while showing promise, remains trapped in its bearish cage. The breakout hinges on shattering these chains.
So where is Bitcoin likely to land?
- The ceiling is roughly $93,000 unless buyers show real conviction.
- $86,000 remains the weakest point in the structure.
- Lose $86,000 again, and lower levels become the high-probability outcome.
Thanks for reading Crypto Market Prediction: 150% Shiba Inu (SHIB) Skyrocketing Is Ethereum (ETH) Death Cross Cancelation Confirmed? Wheres Bitcoin (BTC) Going to Stop: $93000 $86000 or Lower?
