Shiba Inu recently surged in price, driven by the symbolic removal of the zero line and a brief breakthrough of key moving averages, but then quickly retreated. Exchange inflows indicate that the market is more inclined to distribute rather than accumulate, leading late buyers into a typical dead cat bounce. Despite strong psychological momentum, the lack of follow-through and ongoing selling pressure highlight potential demand weakness. Meanwhile, Ethereum has shown resilience above $3200, with a controlled price trend and decreasing volatility, indicating that despite overbought indicators, there are genuine buyers supporting it; balanced leverage reduces liquidation risk and supports its optimistic outlook. In contrast, XRP's rebound appears more like a trap, as trading volume remains weak and market skepticism persists, stalling near major moving averages, suggesting insufficient market confidence and a higher risk of further decline.
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Shiba Inu recently surged in price, driven by the symbolic removal of the zero line and a brief breakthrough of key moving averages, but then quickly retreated. Exchange inflows indicate that the market is more inclined to distribute rather than accumulate, leading late buyers into a typical dead cat bounce. Despite strong psychological momentum, the lack of follow-through and ongoing selling pressure highlight potential demand weakness. Meanwhile, Ethereum has shown resilience above $3200, with a controlled price trend and decreasing volatility, indicating that despite overbought indicators, there are genuine buyers supporting it; balanced leverage reduces liquidation risk and supports its optimistic outlook. In contrast, XRP's rebound appears more like a trap, as trading volume remains weak and market skepticism persists, stalling near major moving averages, suggesting insufficient market confidence and a higher risk of further decline.