U.Today – The year is off to a good start, with a remarkable price recovery of 30%. This rally occurs when the XLM crosses the 50 EMA, a key indicator of a potential trend reversal and recent market bullishness. Thanks to a favorable market environment and increased trading activity, XLM has gained traction and is currently trading around $0.45. Being an important technical milestone, the break above the 50 EMA is particularly noteworthy.
Historically, a bearish phase has ended and a more persistent 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 momentum and general market optimism, a rally towards $0.60 could be in the cards if the asset is able to clear this barrier. The overall market has shown signs of stabilization, with altcoins like XLM gaining ground and holding steady.
A retracement may also occur if it is unable to hold above the 50 EMA, testing the support levels at $0.39 and $0.30.
Bitcoin is ready
Bitcoin is in a critical phase as 2025 begins, with its price hovering around $96,700. Signs of a potential slowdown are emerging even as assets have been able to retain a large portion of the momentum gained during the late 2024 rally. One of the main problems is that Bitcoin has a hard time staying above the 50 EMA, an important technical level that often indicates market trends.
Bitcoin’s inability to maintain a strong hold above this line despite some recovery efforts raises questions regarding the strength of the bullish momentum. Failure to regain and hold this level has historically resulted in prolonged consolidation or even a decline. Additionally, trading volume has been quite low, suggesting that recent price movements may not have the strong support needed for a long-term rally.
Bitcoin needs strong buying pressure to break the psychological barrier of $100,000, which is a major resistance area, and validates that it is bullish. But there are some bright spots for Bitcoin in 2025. Growing institutional interest and growing acceptance of cryptocurrencies as mainstream financial assets is driving the cautious optimism that pervades the market as a whole.
A more bullish uptrend could be possible if Bitcoin can overcome current resistance and gain traction above the $100,000 threshold. Conversely, Bitcoin may retest lower levels if it is unable to recover important support levels such as $95,000 and $92,000, with the 200 EMA near $76,000 serving as an important safety net.
Breaks through
A significant move was made by the Shiba Inu when it broke the 100 EMA, an important technical resistance level that had been a stumbling block for weeks. While this breakout shows that the bulls are trying to regain control, the bigger picture points to a less likely short-term reversal. As SHIB is currently trading at around $0.00002326, a breakthrough of the 100 EMA indicates a change in market sentiment.
This trend may cause traders to try to profit from the momentum in the short term. But the trading volume is still low, indicating that the market players are not very convinced. From a technical perspective, SHIB has a tough journey ahead. The 50 EMA is the next key resistance and has historically acted as a barrier during recoveries. SHIB will need significant buying pressure to push above this level to continue its upward trend.
A retracement towards the 200 EMA, which has offered continued support, could occur at around $0.000021 if this is not done. Given the overall market situation, SHIB’s growth prospects seem limited. The asset’s recent price movement shows a consolidation pattern as opposed to a strong rally.
Further raising doubts about Shiba Inu’s future performance is the company’s reliance on speculative trading as opposed to the underlying catalyst. Unless a major catalyst emerges, SHIB may continue to trade in a tight range in the coming weeks. SHIB’s movement can be affected by volume growth and changes in the larger cryptocurrency market, so investors should keep an eye on these.
