Bitcoin Lost $63,000, Are We Going Below $60,000? XRP Could Not Break $0.48, Shiba Inu Shows Lowest Volatility Since 2024Disclaimer: 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.
The next major support level, which is around $55,000, may be reached if the price is unable to gather momentum and breaks below the 200 EMA at $58,260. Bitcoin needs to maintain above the 200 EMA and gain upward momentum in order to have a more optimistic outlook. has failed to break the $0.48 price threshold and has already tumbled down below the 26 EMA, which represented the aforementioned resistance. Unfortunately, it is not clear how the asset is going to act from here.
The mood of the market as a whole has a major impact on XRPs price fluctuations. Good news or advancements on the market may provide some support for's high volatility created numerous trading opportunities, attracting speculators and increasing liquidity. However, current market conditions reflect a significant reduction in volatility, causing concerns among traders and investors.
In the absence of volatility, traders seeking to profit quickly from price fluctuations find SHIB less alluring. In order to restore volatility to SHIB and draw in more traders, a number of conditions must be met.
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