U.Today – The year started well, as evidenced by an incredible 30% price recovery. This spike occurs when XLM crosses the 50 EMA, which is a key sign of possible trend reversals and fresh market growth. Thanks to the favorable market environment and increased trading activity, XLM has gained momentum and is currently trading around $0.45. Being a significant technical turning point, a break above the 50 EMA is particularly significant.
Historically, a bearish phase has ended and a more persistent uptrend has begun when this moving average is crossed. Around $0.50, a psychological and technical resistance level, is the next possible price target for XLM.
With momentum and general market optimism, a rally towards $0.60 is possible if the asset can overcome this hurdle. With altcoins like XLM gaining ground and holding steady, the market as a whole has shown signs of stabilization.
A pullback could also occur if it cannot hold above the 50 EMA, testing the support levels at $0.39 and $0.30.
Bitcoin is getting ready
Bitcoin is in a pivotal phase as 2025 begins, with its price hovering around $96,700. There are signs of a possible slowdown, although assets have managed to retain much of the momentum they gained during the late-2024 recovery. One of the main problems is that Bitcoin has a hard time holding above the 50 EMA, a key technical level that often indicates market trends.
Bitcoin’s inability to maintain a strong position above this line despite several attempted recoveries raises questions about the strength of the bullish momentum. Failure to recover and hold this level has historically resulted in a prolonged consolidation or even a decline. In addition, trading volume was quite low, suggesting that recent price movements may not have the strong support needed for long-term growth.
Stronger buying pressure is needed for Bitcoin to break the psychological barrier of $100,000, which is a major resistance area, and confirm that its upward trajectory is still in place. But there are some bright spots for Bitcoin in 2025. Growing institutional interest and growing acceptance of cryptocurrencies as a mainstream financial asset is fueling cautious optimism permeating the market as a whole.
A more ambitious uptrend could be possible if Bitcoin manages to overcome the current resistance and gain strength above the $100,000 threshold. Conversely, Bitcoin may retest lower levels if it fails to regain important support levels such as $95,000 and $92,000, with the 200 EMA near $76,000 serving as a key safety net.
breaks through
The Shiba Inu took a significant step when it broke through the 100 EMA, a key technical resistance level that has been an obstacle for weeks. While this breakout shows that the bulls are trying to regain control, the bigger picture suggests little chance of upside in the near term. As SHIB is currently trading at around $0.00002326, a break of the 100 EMA indicates a change in market sentiment.
This trend can attract traders looking to profit from the momentum in the short term. But trading volume remains low, indicating that market players are not very convinced. From a technical point of view, SHIB has a tough road ahead. The 50 EMA is the next major resistance and has historically served as a barrier during recoveries. It would take significant buying pressure for SHIB to move above this level to continue its upward trajectory.
Failure to do so could see a retracement towards the 200 EMA, which has consistently offered support, at around $0.000021. Given the state of the market as a whole, SHIB’s growth prospects seem limited. Recent asset price movements indicate a pattern of consolidation as opposed to strong growth.
Further casting doubt on Shiba Inu’s future performance is the company’s dependence on speculative trading as opposed to fundamental catalysts. Unless a major catalyst emerges, SHIB may continue to trade in a tight range in the coming weeks. SHIB’s trajectory can be affected by volume spikes and changes in the larger cryptocurrency market, so investors should keep an eye on them.
