Bitcoin Pauses After 50-Day EMA Rejection; SHIB Flat, XRP Bounce Unconfirmed
Bitcoin’s bull run appears to be on hold following its failure to sustain a move above the 50-day exponential moving average (EMA). Trading volume has declined steadily, indicating weakened buying pressure rather than a clear trend reversal. Key support now lies at the 100-day EMA near $111,000, while a break above $116,000 is needed to restore bullish momentum. Shiba Inu (SHIB) is trading in a tightening range with very low volatility, suggesting an extended consolidation phase. Watch for sustained closes above $0.0000135 and $0.0000141 with rising volume to confirm any breakout. XRP posted a tentative recovery above its 50-day EMA but lacked volume confirmation and faces resistance at $3.05–$3.20. Failure to hold these levels could prompt a retest of the 100-day EMA around $2.75. Traders should monitor EMAs, volume trends and the $116,000 threshold for Bitcoin, and look for strong volume before committing to SHIB or XRP positions.
Neutral
The report points to a mid-cycle pause rather than a definitive trend reversal. Bitcoin’s rejection at the 50-day EMA and declining volume suggest short-term caution, but key support at the 100-day EMA remains intact. SHIB’s low volatility signals consolidation, and XRP’s bounce lacks volume confirmation. Similar pauses in past bull cycles (e.g., late 2020–early 2021) preceded renewed rallies once volume returned. In the short term, traders may adopt a wait-and-see approach; in the long term, sustained breaks of resistance levels could reignite bullish sentiment.