Cryptocurrency prices face uncertainty with potential downtrend and resistance levels causing concern.
From Investing.com
August 12, 2024 01:30 AM:
The price of XRP nears $0.60 but uptrend may be weakening due to declining trading volume. Concerns arise about sustainability of gains and possibility of a downtrend. Potential golden cross could boost market sentiment if long-term moving average crosses above short-term moving average sooner than expected.
Shiba Inu struggles with instability as trading volume declines, signaling possible loss of momentum in recent upswing. Technical indicators point towards a potential downtrend, raising concerns about recovery and long-term performance. $0.000014 is a key resistance level that could dictate future price movement.
Bitcoin faces critical resistance at $60,000, with failure to break through potentially leading to significant drop in value. 50-day EMA poses strong resistance, impacting short-term trajectory. Failure to surpass resistance levels could result in downward trend affecting entire cryptocurrency market. Traders and investors urged to closely monitor key levels for potential market direction.
Read more at Investing.com: XRP Golden Cross Secured? Hidden Shiba Inu (SHIB) Signal, Bitcoin (BTC) Crucial $60,000 Resistance Reached By U.Today