After falling below the psychological threshold of $100,000, Bitcoin has investors questioning whether this is a short-term decline or a more fundamental change in the market. As of now, Bitcoin It is trading at around $95,933, down 1.04% from the previous day. After a strong rally that almost took Bitcoin to all-time highs, there was a correction.

It is clear that the uptrend line that was created during the late 2024 rally has exploded on the chart. Buyers appear to be losing steam, indicating a loss of momentum. As overleveraged positions were eliminated, the marked increase in selling pressure also led to significant liquidations in the futures market. Given that the market is currently fragile, this liquidation has likely accelerated the decline.

Many analysts see this decline as a healthy correction Bitcoin The pair remains in a long-term bullish structure despite the bounce. The $92,500 and $87,500 levels are important support levels to watch as they may serve as re-entry points for buyers. On the other hand, the resistance at $100,000 is likely to be a major hurdle to be overcome by strong market sentiment.

There are challenges facing the larger cryptocurrency market as well, and macroeconomic uncertainty is one of them. But given BitcoinThe solid foundation of $100,000 – which includes growing institutional interest and adoption – if the market as a whole stabilizes in the coming months, the $100,000 mark could be tested again.

The main concern at the moment will be whether Bitcoin is able to hold on to current support levels and stay away from more significant corrections. Due to the ongoing liquidation and increased volatility, traders need to be careful. When dealing with these market conditions, patience and careful risk management are crucial, as always.

The last resort for the Shiba Inu

The 200 EMA, the last important support level before a deeper market correction, is approaching quickly for the Shiba Inu. The token is currently trading at around $0. 00002171 after witnessing a sharp decline of 9.6% in the last day. to GrayPrice Action This level represents a critical turning point. The rapid decline towards $0.00002000, a psychological level that may attract buyers, may be caused by a loss of the 200 EMA, which has historically been a strong support.

After that, $0.00001750 becomes the next important support area. If neither level is maintained, SHIB could enter an unheard-of bearish zone and lose most of its recent gains. The $0.00002350 level remains the first resistance level that SHIB must overcome to have any chance of recovery.

A break above this level will target $0.00002500, which is a crucial level for reversing the market direction to the upside. Profit taking by major shareholders and the general market correction appear to be the main reasons for the recent sell-off. Despite its decline, SHIB's speculative appeal and its community-led nature may interest buyers again if they see the decline as an opportunity.

SHIB's ability to hold the 200 EMA is crucial going forward. A short-term recovery towards $0.00002350 may be stimulated by a bounce from this level. However, if this support is not maintained, a longer downtrend is likely, with $0.00001750 serving as the next safety net. Traders should closely monitor the following sessions because the token's next path will likely be determined by how it moves around these crucial levels. Due to the constant fluctuations in the market, it is advisable to be cautious.

XRP is gaining traction

In contrast to the overall decline observed among leading digital assets, XRP It shows exceptional performance as one of the best performing companies in the cryptocurrency market. XRP posted a 1.49% gain in the last day, trading at $2.32, while Bitcoin, Ethereum, and other cryptocurrencies are facing significant declines. In light of the difficult market conditions, their resilience is even more surprising.

Over the past week, Bitcoin lost 5.4% of its value, falling below the crucial $100,000 level. Ethereum, which is currently trading at $3,365, is seeing a weekly decline of 8.42%. Solana was also hit hard, losing 8.92% over the same period. In light of this, XRPIts relative strength is highlighted by its ability to withstand and even climb.

With resistance at $2.50 and strong support at $2.10, XRP is consolidating within a triangle pattern on the technical side. A break above $2.50 could push XRP closer to $3.00, a crucial technical and psychological level. If the support at $2.10 is lost, there could be a bounce to $1.90, where the 100 EMA offers further support.

Large amounts of liquidations exacerbated the overall market weakness, but XRP appears to have performed better than most during this turmoil. Its recent performance indicates rising investor confidence, which may be driven by distinct market dynamics and hope in its utility.

Going forward, XRP's ability to maintain its momentum will depend on its ability to overcome the $2.50 resistance while monitoring market developments. In an overall bearish market, its current strength characterizes it and indicates that if overall conditions improve, there may be more upside ahead.