With its price falling below the crucial 200 EMA, Shiba Inu It's been a wild ride lately. Traders were alerted by this movement because it indicates a possible move towards the bearish zone. However, the story has turned in SHIB's favor due to its remarkable recovery from this decline. The Shiba Inu has seen an amazing rebound after falling below the 200 EMA, rising almost 9% from its low.

This quick recovery shows how resilient the asset is and how much interest there is in buying at these prices. Near $0.00002100, the move created a strong support area that may serve as a buffer against further declines. At $0.00002150, the price is currently above the 200 EMA, suggesting that SHIB may stabilize or even rise. The Shiba Inu may put itself in a position to benefit from the current market correction given its recovery from this severe correction.

If momentum continues to build, Gray It may test the resistance levels at $0.00002270 and $0.00002400. Although the overall market remains erratic, SHIB's strength is demonstrated by its ability to reclaim important technical levels.

XRP is back on track

The hack has put XRP back in the spotlight and brought back optimism. The asset rose again after briefly pulling back into the bearish price channel. It has broken important resistance levels, indicating that its upward trend may continue.

Above $2.60, a crucial level that investors have been watching closely, XRP is regaining ground, according to the latest price action. The breakout from the descending triangle pattern, which has kept the price low for several weeks, was confirmed by this move. Target higher resistance levels like $2.80 and possibly $3.00 if bullish sentiment persists inside XRPReach given current momentum.

Despite the uncertainty caused by the lower price channel earlier this week, XRP The market recovered quickly and showed resilience in the face of selling pressure. This recovery indicates a strong market structure and strong interest from buyers, both of which strengthen the case for a continuation of the uptrend. The optimism surrounding the XRP price path is reinforced by the fact that the 50 EMA and 200 EMA remain consistent with an upward movement.

Relatively low trading volumes, compared to previous breakout attempts, indicate that the market is still under some pressure. However, the bullish structure will continue to exist as long as XRP remains above $2.50.

Ethereum trend

Ethereum's recent drop below the crucial $3,000 level has raised questions about the current trend of the asset. This decline drew attention to the ongoing weakness and led to a worrying situation for the market. But there are some positive aspects in this circumstance that may change the course of events.

Ethereum It showed a quick recovery, rising above $3,100 shortly after the decline despite hitting worrying lows. This rapid recovery shows that the market still has a lot of purchasing power. The recovery raises the possibility that the decline was a necessary correction that would have brought valuations closer to maintainable levels. Ethereum may maintain its uptrend if buying momentum continues as the asset regains higher resistance levels.

Ethereum He has a number of important levels to monitor now. On the contrary, a break and hold above the $3,400 level may confirm the uptrend and open the door to a new high. Currently, the $3,000 mark is a crucial support level to the downside. The price could move towards the 200 EMA, which is around $3,112, if there is a clear close below this level – which would likely increase bearish sentiment.

The market is still at a turning point at the moment. Although buyers are still out there, overall sentiment remains fragile, as evidenced by the quick recovery from sub-$3,000 levels. Ethereum could point to more serious problems if its recent rally is not sustained, suggesting that the asset's recent weakness may last longer than expected.