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Title: Shiba Inu (SHIB) Lift-Off Beginning?
The cryptocurrency market has been a whirlwind of late, with prices seeing considerable fluctuations. In the midst of this chaos, it appears that some assets are preparing for another leg higher. Notably, Bitcoin’s price action has sparked interest among traders and investors alike.
Despite the recent turmoil in the crypto space, Bitcoin seems to be on track for another upward surge. This trend is further supported by technical analysis. Additionally, the increasing discrepancy between price and volume should not be ignored. It’s essential for traders to pay attention to this disparity as it may signal a possible exhaustion of the current momentum.
While there are still potential benefits from further upside before the RSI reaches overbought levels, it does run the risk of being a transient spike in the absence of supporting volume. However, if we do see a break above both the 50 and 100-day EMAs with robust buying pressure, this could confirm continuation.
At the same time, XRP is making headlines by performing a top-tier breakthrough.
Source: https://u.today/shiba-inu-shib-lift-off-beginning-xrp-performs-top-tier-breakthrough-bitcoin-btc-90000-next
