Warning: The opinions expressed by our writers are theirs and do not represent the views of U.TODAY. The financial and market information provided on U.TODAY is intended for information purposes only. U.TODAY is not responsible for the financial losses suffered during the exchange of cryptocurrencies. Perform your own research by contacting financial experts before making investment decisions. We believe that all the content is correct on the date of publication, but certain offers mentioned may no longer be available.
Xrp The price fell by 43%, destroying weeks of earnings. The most recent daily candle has created a vicious knife which is 30% down, indicating extreme volatility and a sale of panic. Will the whales buy the DIP while XRP falls towards important levels of support, or is it the start of a more serious accident?
Critical support levels were lost because XRP fell to $ 2.00 compared to its $ 3.40 peak. A change of momentum to a lower territory was confirmed by the most recent candle, which crossed the 50 EMA. If the 100 EMA, or $ 2.15, is not part of the next significant support, XRP can test the 200 EMA, which is currently $ 1.60.
XRP is currently in a vulnerable position. A rescue rally could be triggered by a solid rebound in the $ 2.15 area, which could push prices to $ 2.60, or even $ 2.85 if buyers regain control. But if the support is broken, the losses could accelerate and the price could drop to $ 1,160 or less.
Large investors have historically tended to have fun for serious price collapses. Whale activity can indicate background training if it increases between $ 2.00 and $ 2.15. But Xrp could continue to decrease if there is no significant purchase pressure, especially if the overall state of the market is still poor.
Shiba Inu is touched
Critical ventilation is imminent for Shiba Inu, And its price is about to lower from another zero. Shib, which is now negotiated at around 0.00001429, could drop below the bar of $ 0.00001, which would have disastrous effects on the mood of the market. Shib is in danger due to massive sale. In recent weeks, Shib has lost more than half of its value, indicating a sharp drop in the market.
After losing significant support levels, such as the 50 EMA, 100 EMA and 200 EMA, the break has accelerated. Since it has become more difficult for the bulls to regain control due to the growing lower momentum, everyone now looks at the threshold of $ 0,00001. Investors’ confidence would still be undermined if Shib fell below this psychological barrier, adding another zero at its price.
Related
A movement in the five -zero range could lead to even more sales pressure Salogner Historically, have relied heavily on psychological price levels and community -changing media. The lowering scenario is that SHIB will drop sharply to $ 0.00,0008, a level that has not been affected since mid-2023, if it is broken down below $ 0.00001.
Since the majority of the bullish momentum in previous months would be lost, a drop in this depth would make recovery even more difficult.
Haussier scenario: Shib can feel a rebound in relief around $ 0.000017, where he will meet his next resistance if buyers intervene nearly $ 0.00001. Any recovery could be brief, however, if the request is low.
Bitcoin remains resilient
Despite the wave of liquidations that swept the cryptocurrency market, Bitcoin turned out to be remarkably resilient. He maintained above $ 95,000, demonstrating his resilience even in volatile period, while many other altcoins have undergone two-digit losses. Due to the recent market crash, over -service traders lost more than $ 2.24 billion in liquidations.
With many assets falling by more than 40% in a few days, altcoins have suffered the most. Bitcoin, however, has managed to escape a disastrous decline and are currently negotiating above important support levels despite hundreds of millions of liquidations. Bitcoin prices action indicates that institutional investors and whales are still active, creating a high demand from around $ 92,000 to $ 95,000, considering a greater break.
Related
The Bitcoin structure was largely preserved when buyers quickly intervened when it has temporarily fallen below $ 95,000. A level of critical technical support, the 100 EMA is always higher than the price of Bitcoin. Bitcoin Can take steam and try to retest $ 100,000 in the coming days if the price remains more than $ 92,000. About $ 83,000, where the 200 EMA is currently located, is the next significant support, however, if the sales pressure increases and Bitcoin crosses the bar by $ 92,000.
A drop below that could indicate a more serious correction, which could push Bitcoin at $ 75,000. BitcoinThe relative force indicates that the long -term trend is still in place despite the sale. Bitcoin continues to dominate, solidifying its position as the bet the surest cryptocurrency during tumultuous periods, unlike many other altcoins which find it difficult to recover.