Crypto market update: Bitcoin is stabilizing near $114,000, Shiba Inu has reclaimed its 50-day EMA around $0.000013, and XRP is testing the $3.00 resistance; rising volumes and improving RSI point to cautious bullish momentum but key resistances must be confirmed for a sustained rally.
Bitcoin: steady recovery, 50‑day EMA reclaimed, targets $118–120k next
XRP: critical test at $3.00—breakout could propel price to $3.30–$3.50
Shiba Inu: broke above 50‑day EMA at $0.000013; watch 200‑day EMA near $0.000014
Crypto market update: Bitcoin near $114k, SHIB reclaims 50‑day EMA, XRP tests $3—read the technical outlook and trade signals from COINOTAG analysts.
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What is the latest crypto market update?
Crypto market update: Bitcoin is stabilizing near $114,000, Shiba Inu has reclaimed its 50‑day EMA at roughly $0.000013, and XRP is consolidating below the critical $3.00 resistance. Volume and RSI trends point to cautious bullish momentum, but confirmation at each asset’s key resistance remains essential.
How is Shiba Inu showing bullish signs?
SHIB has regained the 50‑day Exponential Moving Average (EMA), a common early indicator of momentum shifts. Trading above this EMA reduces short‑term bearish pressure and attracts accumulation, supported by rising volume and an RSI approaching but not yet in overbought territory.
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XRP is consolidating under a descending trendline with a decisive test at the psychological $3.00 mark. Recent recovery above the 50‑day and 100‑day EMAs adds bullish weight, but the 200‑day EMA and trendline converge near $3, creating a choke point that requires convincing volume to clear.
Bitcoin has reclaimed the 50‑day EMA and is stabilizing near $114,000. Volume patterns are supportive and the RSI is climbing, suggesting room for further upside. The immediate resistance cluster sits between $118,000 and $120,000, where historical liquidity has gathered.
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