Crypto market outlook: Shiba Inu is tightening into a potential breakout pattern around $0.00001236, Bitcoin shows limited reversal strength near $112,000, and Ethereum risks a deeper correction from $4,144; traders should watch EMA levels and volume for confirmation of next major moves.
Shiba Inu is coiling for a breakout near $0.00001236 with clear upside and downside trigger levels.
Bitcoin’s bounce stalled near $112,000, leaving the 100-day and 200-day EMAs as key supports to monitor.
Ethereum is range-bound between $4,144 and $3,607 with declining volume and neutral RSI suggesting a higher probability of downside.
Crypto market outlook: Shiba Inu nears breakout, Bitcoin faces limited reversal, Ethereum shows weakness — read levels, risks, and trade cues. Get alerts and analysis now.
What is the crypto market outlook?
Crypto market outlook is cautiously bearish-to-neutral: Shiba Inu is positioned for a potential breakout from a symmetrical triangle, Bitcoin’s recovery appears limited around $112,000, and Ethereum is showing technical signs of a possible correction. Watch EMAs, RSI, and volume for confirmation.
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How is Shiba Inu positioned for a breakout?
SHIB has formed a symmetrical triangle since mid‑August, compressing around $0.00001236. A verified breakout above the upper trendline — and a decisive close above the 100‑day EMA at $0.00001297 — would target the 200‑day EMA near $0.00001388.
Key levels: upside resistance at $0.00001297 and $0.00001388; downside support at $0.00001200, then $0.00001150 and $0.00000950. RSI at 47 and falling volume suggest this is a classic consolidation before a large move.
- Bull case: Volume increase on a breakout clears $0.00001297 and targets $0.00001388–$0.00001450.
- Bear case: Failure to hold $0.00001200 could retest $0.00001150 and the early‑summer low near $0.00000950.
SHIB/USDT Chart by TradingView
Why is Bitcoin’s reversal limited?
Bitcoin’s recent retest at about $112,000 failed to hold, underscoring dominant seller pressure beneath the 50‑day MA and resistance cluster at $114,000–$116,000. Current price near $111,121 faces immediate support at the 100‑day EMA (~$110,785).
If the 100‑day EMA fails, the 200‑day EMA (~$104,520) becomes the next meaningful support and would confirm a deeper correction if tested. RSI at 46 and declining volumes point to limited bullish conviction.
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Ethereum’s price is squeezed between the 26‑day and 50‑day EMAs around $4,144. With RSI ≈ 52 and falling volume since mid‑August, the path of least resistance appears downward. First support: 100‑day EMA at $3,607. Secondary support: 200‑day EMA around $3,190.
Absent a demand spike, ETH is more likely to test supports than to mount a sustained rally from current levels. Traders should monitor volume and EMA cross behavior for signs of a decisive move.
SHIB: resistance at $0.00001297 and $0.00001388, support at $0.00001200 and $0.00001150. BTC: immediate support at $110,785 (100‑day EMA) and $104,520 (200‑day EMA). ETH: range $4,144–$3,607 with downside to $3,190 if weakness continues.
Use confirmed closes above/below EMAs and volume spikes as entry signals. Manage risk with stops around key EMA levels and position size aligned to volatility. Prefer defined setups and avoid chasing breakouts without volume confirmation.
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