XRP Golden Cross Coming, Shiba Inu Bull Market: Here's When and How, Was Solana Denied at $150?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.
This crossover is frequently taken as a reliable sign of bullish momentum, indicating that there may be preparations for a long-term upswing in the asset. The price performance of XRP appears to be stabilizing on the current chart following some recent volatility. The 200-day EMA and the 50-day EMA are getting closer, which could soon result in the formation of a golden cross.
A decline below this would probably negate any bullish momentum and might trigger additional drops. But the $0.00001824 mark, which represents the 200-day EMA that has historically been a strong resistance point, could be the next significant target if SHIB can sustain its current levels and begin to build upward.Recent attempts by Solana to break above the $150 mark were thwarted by resistance, which sent the price back down to $144.
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