U.Today – The year has started well, as evidenced by the remarkable 30% price recovery. This spike occurs as XLM crosses the 50 EMA, a key signal of possible trend reversals and new optimism in the market. Thanks to a favorable market environment and increased trading activity, XLM has gained ground and is currently trading around $0.45. Being an important technical milestone, the break above the 50 EMA is especially notable.
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 the overall market momentum and optimism, a rally towards $0.60 is possible if the asset is able to overcome this hurdle. With altcoins like XLM gaining ground and remaining stable, the market as a whole has shown signs of stabilization.
A pullback could also occur if it fails to hold above the 50 EMA, testing the support levels at $0.39 and $0.30.
Bitcoin prepares
Bitcoin is at a crucial stage as the year 2025 progresses, with its price hovering around $96,700. Signs of a possible slowdown are emerging even though the asset has been able to maintain much of the momentum it gained during the late 2024 rally. One of the main issues is that Bitcoin is finding it difficult to stay above the 50 EMA. , a crucial technical level that frequently indicates market trends.
Bitcoin's inability to maintain a strong hold above this line despite some recovery attempts raises questions about the strength of the bullish momentum. Historically, the failure to recover and maintain this level has resulted in a prolonged consolidation or even a decline. Furthermore, trading volume has been quite low, suggesting that the recent price movements may not have the strong support needed for a long-term rally.
Stronger buying pressure is required for Bitcoin to break through the psychological barrier of $100,000, which is a major resistance zone, and validate that its bullish trajectory is still in place. But there are some bright spots for Bitcoin in 2025. Growing institutional interest and growing acceptance of cryptocurrencies as mainstream financial assets are driving the cautious optimism permeating the market as a whole.
A more ambitious uptrend is possible if Bitcoin can overcome the current resistance and gain ground above the $100,000 threshold. Conversely, Bitcoin may retest lower levels if it fails to reclaim important support levels such as $95,000 and $92,000, with the 200 EMA near $76,000 serving as a crucial safety net.
breaks through
Shiba Inu made a significant move when it broke above the 100 EMA, a crucial technical resistance level that had been a barrier for weeks. Although this breakout shows that the bulls are trying to regain control, the overall picture points to little chance of a near-term rally. Since SHIB is currently trading around $0.00002326, the advance of the 100 EMA indicates a change in market sentiment.
This trend may attract traders looking to capitalize on the momentum in the short term. But the trading volume remains low, indicating that market players are not very convinced. From a technical point of view, SHIB has a difficult road ahead. The 50 EMA is the next major resistance and has historically served as a barrier during rallies. Significant buying pressure would be needed to push SHIB above this level in order to continue its upward trajectory.
Failure to do this could lead to a pullback 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 appear limited. The asset's recent price movement indicates a consolidation pattern rather than strong rallies.
Even further doubting Shiba Inu's future performance is the company's reliance on speculative trading rather than fundamental catalysts. Unless a major catalyst appears, SHIB could continue to trade in a tight range in the coming weeks. SHIB's trajectory may be affected by volume spikes and changes in the broader cryptocurrency market, so investors should keep an eye on these.
This article was originally published on U.Today.
