Bitcoin Resurges with High Trading Volume
Bitcoin is regaining traction, and an increase in trading volume suggests returning market volatility. Trading above $102,700, Bitcoin could surge towards $110,000 due to high buyer interest and increasing volume.
Bitcoin remains above its crucial EMA ($100,800), indicating a shift in momentum favoring the bulls. However, resistance at $104,000 must be overcome for sustained upside. If Bitcoin fails to hold above $100,800, a decline to $99,100 may occur.
Dogecoin Finds Support
Dogecoin has found strong support at the 100 EMA ($0.31), potentially signaling a reversal. Buyers intervened to prevent further losses and push DOGE back towards $0.32. Demand at this level could lead to a recovery.
Although the 50 EMA ($0.35) remains a barrier, DOGE could prepare for an uptrend if it breaks above it. A successful breakout would confirm bullishness and pave the way towards $0.40. Conversely, if DOGE fails to regain the 50 EMA, it may consolidate with $0.31 as support.
Shiba Inu's Uncertain Recovery
After a prolonged decline, Shiba Inu has shown signs of recovery, reaching 2.56%. However, resistance levels hinder its momentum. The first obstacle lies at the 200 EMA ($0.00002078).
A breakout above this level would indicate a trend change. Bulls should then aim for $0.00002190 and $0.00002251, representing the 50 EMA and historical resistance. If SHIB breaks through and sustains above these levels, an uptrend could be confirmed.
If not, sellers may regain control. Despite today's recovery, SHIB is still in a downtrend and has lost key moving averages. A confirmed breakout above $0.00002250 would indicate bullish sentiment.