XRP's Battle for $0.5, Shiba Inu (SHIB) Joins Market Comeback, Dogecoin (DOGE) in Better Position

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

All eyes on next week's market performance

Disclaimer: 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. Conduct your own research by contacting financial experts before making any investment decisions.

If the market fails to rally and XRP loses $0.5, it may retest the recent low at $0.41. A slip below this support could leave it vulnerable to further losses. Hopefully, there is enough conviction among traders for a swift recovery in case the price falls toward that threshold once again.Shiba Inu has been rallying back with a 9% price recovery in the last 24 hours. The meme coin is showing signs that it might be ending its recent period of consolidation.

The current state of Shiba Inu is questionable as the asset is having a tough time recovering due to nonexistent demand for risky assets. The situation may change if Bitcoin returns above $60,000 and gains a foothold there.seems to have buckled up quite tightly. While other digital assets have slipped below the 100 and even the 200-day EMAs, DOGE has managed to stay just below the 50 EMA.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines