news 
XLM Eyes Its Largest Crash in Three Years, Japanese Government Skeptical of Bitcoin Reserve, 67 Trillion SHIB Level About to Disappear: Crypto News Digest by U.Today
According to the latest on-chain data, Shiba Inu currently finds itself at a pivotal point, facing significant challenges as the market remains bearish. The asset is struggling to maintain crucial support levels, particularly the 50 EMA, and is currently trading near $0.00002164, with the 200 EMA being now dangerously close to where SHIB is trading. A loss of these support levels could lead to a substantial decline, possibly dropping to $0.0000204 or lower.
Meanwhile, Stellar (XLM) has been in the spotlight as it eyes its largest crash in three years. This comes at a time when the Japanese government has expressed skepticism about the idea of storing bitcoin reserves, adding more uncertainty to the already volatile market.
It is essential for investors and traders to stay vigilant, considering the current market conditions. The cryptocurrency space is known for its unpredictability, and it’s crucial to keep a close eye on the charts.
The future outlook for SHIB remains uncertain as it faces significant resistance from both institutional and retail investors. In order to recover, it will be essential for the asset to bounce back from the 200 EMA and attract speculative buying.
As we continue to follow this market trend, we will provide you with the most recent updates on Shiba Inu’s price movements and other cryptocurrency-related news.
Stay tuned for more information.
Advertisement
Source: u.today
