Multiple assets are showing bullish performance, and the market is moving in the right direction.
Although XRP has recently remained in a narrow range of oscillation, this 'calm' may signal the storm before the storm. Since early May, XRP's price has been gradually declining, showing a slight downward trend. Currently, XRP is trading around $2.32, just above the 50-day and 100-day exponential moving averages (EMA), and is gradually approaching their convergence point.
This crossover area has often been regarded as an ignition point for increased price volatility, often signaling that the market is about to make a directional choice. Given the current price trend is weak but not out of control, if the overall market continues its upward momentum, XRP is expected to complete its upward breakout with the help of its technical structure.
However, it is worth noting that trading volume remains low, indicating insufficient market activity. Most traders are maintaining a wait-and-see approach or have temporarily exited the market, which makes the price structure more fragile in the short term and also indicates that once funds flow back, price movements could be more intense.
The sustained low trading volume currently makes XRP's market structure appear particularly fragile, and any sudden movement in either direction could trigger violent fluctuations. From a trend perspective, XRP remains in a slight downward channel, reflecting that market uncertainty has not yet dissipated. The price currently hovers above the 200-day EMA—an important long-term support level since March. Once it effectively breaks below, short-term technical resilience may face a severe test.
Nevertheless, there remains a glimmer of bullish expectation in the market. As moving averages gradually press down and the technicals enter a critical state, a reversal may have been brewing for some time. If the 50-day EMA successfully crosses above the 100-day EMA, it may trigger a powerful rebound, helping XRP break free from its current consolidation range. In such unstable market conditions, maintaining optimism with caution may be a more prudent approach.
Solana turns the town green.
Throughout the cryptocurrency market, Solana is releasing highly attractive bullish signals. After several weeks of steady growth, SOL is currently consolidating around $177, a region that has historically triggered significant volatility. More importantly, its moving average structure: the 200-day moving average is firmly supported below, while the 50-day moving average is gradually approaching and is expected to cross above the 100-day moving average, forming a strong technical arrangement.
This convergence of moving averages often signals an impending significant change, whether a pullback or a breakout. From the current market sentiment and SOL's consistent performance of higher lows, the probability of an upward breakout seems higher. Although current trading volume appears slightly fatigued, this contraction is more likely the accumulation phase before a new round of rising market conditions.
Overall, the arrangement of EMAs and SOL's steadfastness at the $160 support level together depict a brief lull before a potential bullish trend.
In general terms, SOL has one of the best technical structures. Supported by important moving averages, it continues to break through previous resistance levels. Even during periods of general market uncertainty, Solana maintains a bullish stance and outperforms many peers.
However, as always, no setup is certain. If the expected rebound after the convergence of moving averages fails to materialize, a brief decline may occur, testing the downward support levels in the range of $150 to $160.
However, considering the strong upward momentum of SOL in recent weeks and the fact that most indicators remain bullish, a significant pullback seems more like a buying opportunity rather than a trend reversal. Solana is currently one of the most bullish assets in the market, poised for a final explosive rise or slight decline, preparing for the next round of market uptrend. Traders should pay attention to those converging EMAs, as they are likely to reveal the next phase of the upward trend.
Shiba Inu is very sleepy.
For weeks now, Shiba Inu (SHIB) has been trapped in an extremely narrow trading range, and market watchers are eager to see signs of recovery. The price has consistently held the support level at $0.000014 but has not risen to a level sufficient to generate any substantial bullish momentum. SHIB is positioned between the major moving averages on the daily chart. The 50-day and 100-day moving averages, slightly above $0.0000159, provide solid support, while the 200-day moving average looms above the market, testing bullish determination.
For SHIB to achieve a strong rebound, it must break through the key resistance above the current consolidation range. But there are also positive signals— the longer the sideways movement lasts, the more potential momentum could provide stronger support for future breakouts. Currently, SHIB's price is between $0.0000135 and $0.0000142, operating above a historical support zone. If this area can hold, it may become the ignition point for the next wave of volatility.
Current trading volume remains sluggish, indicating that market sentiment is in a wait-and-see state. However, such suppressed volume often suggests a potential buildup for an explosion. Once SHIB effectively breaks through the 200-day EMA (currently around $0.0000159), accompanied by increased volume, the price is expected to quickly rise to the range of $0.0000170 to $0.0000180.
Conversely, if it loses the support zone of $0.0000135 to $0.0000140, it may trigger further pullbacks, testing deeper support levels at $0.0000120 or even $0.0000105. In the current scenario, 'suppressed' and 'critical point' become key terms, and investors should closely watch key support and volume changes, patiently waiting for SHIB's next directional choice.
