U.Today – The year has started well, as evidenced by the impressive 30% recovery in prices. This spike occurs when XLM crosses the 50 EMA. This is an important sign of a possible trend reversal and new market bullishness. Thanks to favorable market conditions and increased trading activity, XLM has gained momentum and is currently trading around $0.45. The break above the 50 EMA is particularly noteworthy as it is a significant technical milestone.
Historically, a break above this moving average ends a bearish phase and begins a more sustained uptrend. A psychological and technical resistance level of around $0.50 could be the next target price for XLM.
This momentum and overall market optimism could propel it towards $0.60 if the asset can overcome this hurdle. With the rise and stability of altcoins like XLM, the overall market is showing signs of stabilization.
A retracement could occur if the price cannot sustain above the 50 EMA, testing the $0.39 and $0.30 support levels.
Bitcoin is ready
Bitcoin is at a pivotal stage heading into 2025, with its price hovering around $96,700. Although the asset has been able to maintain much of the momentum gained during the rally in late 2024, there are signs of a possible slowdown. One of the main problems is that Bitcoin has difficulty breaking above the 50 EMA, a key technical level that frequently indicates market trends.
Bitcoin’s inability to maintain a strong hold above this line despite several recovery attempts raises questions about the strength of the bullish momentum. Failure to recover and maintain this level has historically resulted in long periods of declines and even declines in stock prices. Additionally, trading volume is quite low, suggesting that recent price movements may not have the strong support needed for long-term upside.
Stronger buying pressure is needed for Bitcoin to break through the psychological $100,000 barrier, a key resistance area, and confirm that the bullish trajectory is still maintained. However, there are some bright spots for Bitcoin in 2025. Increasing interest from institutional investors and widespread acceptance of cryptocurrencies as commonplace financial assets have led to cautious optimism permeating the market.
If Bitcoin can overcome the current resistance and gain momentum above the $100,000 threshold, a more ambitious uptrend could be possible. Conversely, if Bitcoin fails to regain important support levels like $95,000 or $92,000, it could potentially retest lower levels, as the 200 EMA near $76,000 will act as an important safety net. there is.
break through
Shiba Inu made a big move when it broke through the 100 EMA, a key technical resistance level that had been a barrier for several weeks. Although this breakout indicates that the bulls are trying to regain control, the overall picture shows little chance of a short-term rally. A breakout of the 100 EMA indicates a change in market sentiment as SHIB is currently trading around $0.00002326.
This trend may attract traders looking to profit from momentum in the short term. However, volume remains low, indicating that market participants are not very convinced. From a technical perspective, SHIB has a difficult road ahead. The 50 EMA is the next major resistance level and has historically acted as a barrier during a recovery. Significant buying pressure will be needed to break above this level for SHIB to continue its upward trajectory.
If this is not done, a retracement towards the 200 EMA around $0.000021, which has consistently provided support, could occur. Considering the overall market situation, SHIB’s growth prospects seem limited. The asset’s recent price movement shows a pattern of consolidation as opposed to a strong rebound.
Further raising questions about Shiba Inu’s future performance is the company’s reliance on speculative trading rather than fundamental catalysts. Unless a major catalyst emerges, SHIB is likely to continue trading in a narrow range for the next few weeks. SHIB’s trajectory could be affected by spikes in trading volumes or changes in the larger crypto market, so investors should pay close attention to these.
