Shiba Inu makes a comeback, Bitcoin rises above $58,000, and Ethereum struggles below $3,000.

From Investing.com: 2024-07-08 00:00:20

Shiba Inu has entered a comeback mode after surpassing the $0.000016 level, benefiting from being oversold and the market-wide retracement. The lack of whale activity has contributed to SHIB’s recovery. However, the rise may be temporary, as the 200 EMA resistance level looms ahead. Ethereum struggles below $3,000 due to lack of investor support, low on-chain activity, and declining trading volume. Bitcoin bulls have returned, pushing the value above $58,000, but caution is urged due to the 200 EMA resistance level.

Read more at Investing.com: Enormous Shiba Inu (SHIB) Comeback, Bitcoin (BTC) at $58,000, but Don’t Celebrate Too Early, Ethereum Below $3,000 Again By U.Today