U.Today – The year started well, as evidenced by a remarkable 30% price recovery. This peak occurs when XLM crosses the 50 EMA, which is a key sign of a possible trend reversal and a new market uptrend. Thanks to the favorable market environment and increased trading activity, XLM has gained traction and is currently trading around $0.45. As an important technical stage, the break above the 50 EMA is particularly noteworthy.
Historically, a bearish phase has ended and a more sustained uptrend has begun when this moving average is crossed. Around $0.50, a psychological and technical resistance level, is the next possible price target for XLM.
With the momentum and general market optimism, a rally towards $0.60 could be in the cards if the asset can clear this hurdle. As altcoins like XLM gain ground and maintain stability, the overall market has shown signs of stabilization.
A reversal could also occur if it fails to break above the 50 EMA, testing support levels at $0.39 and $0.30.
Bitcoin is getting ready
Bitcoin is at a crucial stage as 2025 begins with a price of $96,700. There are signs of a possible slowdown, although the asset has been able to retain much of the momentum it acquired in late 2024. One of the main problems is that Bitcoin is struggling to stay above the 50 EMA, a crucial technical level that often indicates market trends.
Bitcoin’s inability to maintain firm strength above this line, despite several attempts at a recovery, raises questions about the strength of its upward momentum. Retrieving and maintaining this level historically leads to prolonged consolidation or even declines. Additionally, trading volume was quite low, suggesting that recent price movements may not have the strong support needed for a long-term rally.
Stronger buying pressure is needed for Bitcoin to break through the psychological barrier of $100,000, which is a major area of resistance and to confirm that its upward trajectory is still there. But there are some bright spots for Bitcoin in 2025. Growing institutional interest and growing acceptance of cryptocurrencies as mainstream financial assets is driving cautious optimism that permeates the entire market.
A more ambitious uptrend could be possible if Bitcoin breaks through today’s resistance and breaks above the $100,000 mark. Conversely, Bitcoin may retest the lower levels if it fails to recover significant support levels such as $95,000 and $92,000, while the 200 EMA near $76,000 serves as a crucial safety net.
violates
The Shiba Inu made a major breakthrough when it broke through the 100 EMA, a key technical resistance level that has been a barrier for weeks. While this breakout shows the bulls trying to regain control, the broader picture suggests little chance of a near-term upside. As SHIB is currently trading at around $0.00002326, a breakout of the 100 EMA indicates a change in market sentiment.
This trend may attract traders looking to profit from the momentum in the short term. But trading volume is still low, which suggests that market players are not so sure. Technically, SHIB has a tough road ahead of it. The 50 EMA is the next major resistance and has historically served as a barrier during a recovery. Significant buying pressure will be needed to push SHIB above this level so that it can continue its upward trajectory.
A retracement to the 200 EMA that has been offering support around $0.000021 could happen if it doesn’t. Given the overall market conditions, SHIB’s growth prospects are limited. The asset’s recent price action indicates a consolidation pattern as opposed to strong rallies.
Further casting doubt on Shiba Inu’s future performance is the company’s reliance on speculative trading as opposed to fundamental catalysts. Unless a major catalyst emerges, SHIB may continue to trade in a narrow range for the coming weeks. SHIB’s trajectory can be affected by volume spikes and changes in the larger cryptocurrency market, so investors should pay attention to these.
This article was originally published on U.Today