U.Today – Around $68,685, the price is starting to show signs of a possible reversal, suggesting a fresh uptrend towards or possibly above the $70,000 level. After resistance near recent highs, Bitcoin has been steadily consolidating, indicating that buyers may be regaining control of the bullish continuation.
With many crucial levels for traders to keep an eye on, the current technical setup appears promising. Initially, the immediate support level at $67,663 will be crucial in assessing whether Bitcoin can continue to gain ground. If held steady, this level, consistent with short-term moving averages, could serve as a launching pad for Bitcoin. A consistent close above this mark would support bullish sentiment and position Bitcoin to pursue higher targets.
The $70,000 mark still represents a significant technical and psychological barrier. In addition to signaling renewed purchasing power, a break through this level could open the door to fresh growth. Historically, Bitcoin has seen selling pressure around crucial round numbers, so breaking this barrier could indicate a shift in market sentiment. Finally, the next target to keep an eye on will be around $73,500 if Bitcoin makes a spotless break above $70,000. A clearing of this level would pave the way for even more gains, possibly heading into uncharted territory, but it also represents higher resistance that could allow investors to take profits.
is regaining strength
It appears that as the Shiba Inu breaks out of a significant support level in an uptrend, it is preparing to move higher. This recovery shows SHIB’s resilience and potential for further gains, supporting the uptrend that has continued over the past few weeks. According to the technical environment, if SHIB maintains its current momentum, investors may become more interested in it.
Around the USD 0.00001750 level, SHIB is currently approaching the local resistance structure. Breaking this region, which has served as a barrier in the past, could open the door to a more bullish move. If SHIB can overcome this obstacle, it can reach higher levels; the next resource target could be $0.00001850. Apart from technical reasons, the activity of whales on Shiba Inu has recently increased noticeably.
Typically, an escalate in huge transactions indicates increased interest from major players, which has resulted in noticeable price improvements in the past. Given how often their movements influence the sentiment of the entire market, whale shares can be a reliable indicator of price strength. The current escalate in SHIB activity may continue if the trend of increased whale activity continues. While the Shiba Inu recovery appears promising, investors should keep an eye out for signs of stability at the level of uptrend support.
For SHIB to continue its upward trajectory, this level must be maintained. With encouraging technical indicators and rising whale interest, SHIB is well-positioned to continue its recovery, and if it manages to break through local resistance zones, it will likely see additional price growth.
I feel powerful
As Dogecoin continues to show a clear upward trend, the asset is showing signs of powerful market recovery. With increasing trading volume and a solid relative strength index (RSI), Dogecoin’s price appears poised to gain momentum for further gains after stabilizing around the $0.15 level.
As the Analysis chart shows, the volume trend is gradually increasing, suggesting that there is fresh interest in purchasing DOGE. In the coming days, price momentum may be strengthened by an escalate in volume, which often indicates greater confidence among market participants. Moreover, the RSI is centered around the 65 level, which is usually considered a powerful but not overbought area. This position gives DOGE the opportunity to maintain its upward trajectory without being directly exposed to selling pressure resulting from the buyout conditions.
Potential resistance for Dogecoin price targets is at $0.18, which could be the first hurdle if the uptrend continues. Reaching the $0.20 level, a psychological barrier that could attract more attention if DOGE continues its uptrend, would be possible once this zone is cleared. A break above these levels would strengthen Dogecoin’s bullish outlook and could attract even more buyers.
Taken together, technical indicators and current price movement point to Dogecoin’s potential for future expansion. A sustained upward move for DOGE could provide a more solid recovery for the larger cryptocurrency market if volume follows the trend and the RSI remains steady. Investors are advised to monitor the $0.18 and $0.20 levels.
