From Investing.com: 2024-05-08 01:30:20

SHIB is showing a descending triangle pattern, signaling a potential continuation or reversal in the market. With support at $0.000021, a drop to $0.00002 could occur. A break below could lead to a bearish fallout, while a strong recovery may spark a new bullish cycle. Volume trends and sentiment are key factors.

Bitcoin is testing the $58,000 mark, near the 100-day EMA at $60,000, indicating a bearish outlook. Lower volume suggests a lack of bullish reversal potential. Failure to break through EMAs shows bearish sentiment among traders. The market may not be ready to push the price above $60,000.

ADA is testing mid-April support levels, showing resilience for a potential bounce upwards. Despite failing to break $0.51 resistance, facing a downturn, ADA lacks significant signs of a bullish reversal. A sideways trend is likely with price oscillating between support and resistance levels.

Read more at Investing.com: This Shiba Inu (SHIB) Pattern Changes Everything, Bitcoin (BTC) Might Come Back at $58,000, Cardano (ADA) Trend Flattens Out By U.Today