Shiba Inu, Bitcoin, and Ethereum: Key Insights and Price Movements

Shiba Inu's Bullish Breakout

Shiba Inu (SHIB) is gaining momentum, breaking above key resistance zones and trading around $0.00001444. After a period of consolidation, SHIB has pushed above the $0.00001350 support level, signaling a potential bullish continuation. With the Relative Strength Index (RSI) at 59, there is room for further growth without overbought conditions. A rally toward the $0.00001793-$0.00001800 range, where the 200 EMA resides, could confirm a midterm trend reversal. Increasing volume supports the upward trend, though it remains moderate.

Bitcoin's Steady Ascent

Bitcoin (BTC) is displaying strength, trading at $87,390 with steady, controlled momentum. It has reclaimed the 200-day EMA and is nearing the 100-day EMA, a critical resistance level. A breakout above this could pave the way for a retest of the $90,000-$92,000 range. The RSI at 52 indicates ample room for further upside. Bitcoin’s slow and steady movement, supported by robust volume, suggests a foundation for a sustainable rally. The asset is in a favorable technical position with rising trendlines and improving sentiment.

Ethereum's Potential Reversal

Ethereum (ETH) faces a critical juncture after failing to break above the 26-day EMA, currently trading at $2,095. This rejection has introduced selling pressure, raising concerns about a possible reversal. The 50-day EMA at $2,310 is the next major obstacle. If ETH cannot close above these levels, its bullish momentum may stall. However, ETH remains above the $2,000 psychological support, and stable volume suggests no panic-selling. With the RSI at 44, a rebound is possible if buying interest resumes. Bulls need to regain momentum to overcome resistance levels and revive the bullish narrative.