Shiba Inu Dey Face 699,000% Liquidation Imbalance as XRP Eye Golden Cross and Bitcoin Dey Test $100K
For today crypto market, Shiba Inu (SHIB) gbadun sharp liquidation imbalance of 699,000%, wey make e clear $111,840 for long positions against $16.50 for shorts as the token drop from $0.0000128 to $0.0000122. The wider crypto market reverse early rebound before Federal Reserve minutes and Jackson Hole symposium. XRP (XRP) don rebound from $2.96 to $3.01 and e dey for track for golden cross as e 9-day and 21-day moving averages dey join, supported by RSI wey don recover near 49. Meanwhile, Bitcoin (BTC) drop under $115,000 after e peak pass $117,500. Bears dey target the lower Bollinger Band near $111,600, with bearish signals from Bollinger Bands cap and RSI. Traders suppose watch key levels—SHIB at $0.0000122, XRP support at $2.95–$2.96 and resistance near $3.50, and BTC need to regain $118,000—to fit assess possible trend reversals.
Neutral
Dis digest yan get mixed signals wey balance make di market outlook neutral. Di big 699,000% liquidation imbalance wey dey Shiba Inu show say short-term bearish pressure dey, and Bitcoin no fit maintain up pass $115,000, wey add more downside risk. But XRP bounce back and di potential golden cross mean say momentum dey for bull side. Historically, dis kain different event fit make market dey do sideways trading and e go get more volatility as traders dey wait clear technical confirmation and macroeconomic cues. Short term, expect choppy price action around key levels; long term, market direction go depend on Federal Reserve minutes, Jackson Hole insights and technical setup confirmation.