Crypto Market Review: Shiba Inu (SHIB) at Critical Reversal Level, Ethereum (ETH) Bullishness to Explode Again, XRP’s Last Hit Point Before Losing $2

The post Crypto Market Review: Shiba Inu (SHIB) at Critical Reversal Level, Ethereum (ETH) Bullishness to Explode Again, XRP’s Last Hit Point Before Losing $2 appeared on BitcoinEthereumNews.com.

Ethereum stays cautious XRP running on empty The chart painfully demonstrates that Shiba Inu is in a make-or-break situation. SHIB has narrowed into a structure slightly above the local lows, following months of consistent downward pressure. The price has not yet recovered anything significant, but it is no longer falling freely. This is the kind of place where trends either reverse or persist steadily. Technically speaking, SHIB is still below all of the major moving averages. The 200-day moving average overhead is still acting as a ceiling, and the long-term trend is still negative. Over the past few months, every attempt at a rally has been thwarted at lower highs, demonstrating that sellers continue to dominate the larger structure. SHIB/USDT Chart by TradingView Nevertheless, sales have significantly slowed down. The short-term ascending support that is currently forming beneath the price is the most crucial detail. In opposition to horizontal resistance, SHIB has been printing somewhat higher lows, forming a tiny rising wedge. The RSI is hovering in neutral territory, which typically indicates indecision rather than surrender, and the volume has dried up. This is traditional compression behavior prior to expansion. The first scenario is a bullish reversal. The next move would probably target the closest moving averages if SHIB maintains the current support and successfully breaks above the wedge resistance. A wider relief rally would be possible if the short-term averages were regained, which would change momentum in favor of buyers. This would confirm that accumulation is occurring at these levels, but it would not imply the end of the long-term bear trend. The bearish continuation is the second scenario. SHIB loses its final visible structural defense if the rising support fails. Stop-losses and renewed seller confidence would probably cause another leg down. In that scenario, any bullish narrative would…