Cryptocurrency market shows mixed signals with XLM and Shiba Inu signaling bullishness, while Bitcoin struggles.

From Investing.com

January 3, 2025 10:30:18 PM:

XLM has seen a 30% price recovery, crossing the 50 EMA, signaling potential trend reversals and bullishness, now trading at $0.45. A break above the 50 EMA historically indicates upward trends and $0.50 may be the next target, with a possible rally to $0.60 in sight if momentum holds.

Bitcoin struggles around $96,700, facing resistance at the 50 EMA. Low trading volume raises concerns about the sustainability of the bullish trend, needing stronger buying pressure to break $100,000. Growing institutional interest brings cautious optimism, but failure to hold key support levels could lead to consolidation or decline.

Shiba Inu breaks through the 100 EMA at $0.00002326, signaling a shift in market sentiment. Limited short-term upside potential despite the breakout, with the 50 EMA posing a major resistance level. Speculative trading and lack of fundamental catalysts may restrict SHIB’s growth, potentially leading to consolidation in the near future.

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