The market is welcoming recovery opportunities, but whales have yet to break through key resistance.

Shiba Inu (SHIB) is at another turning point, with the price trend on the chart indicating that the asset is seeking new momentum. SHIB's current price is slightly below the key resistance level of the 26-day exponential moving average (EMA), following a few weeks of continuous price decline and intermittent attempts to rebound. The 26-day EMA has historically been a critical level in determining SHIB's momentum.
Whenever the price approaches this dynamic resistance level, sellers regain control, forcing the asset back into a downtrend. Since early June, the 26-day moving average has repeatedly rejected price increases, and the current trading price is around $0.0000119.

Charts show that the overall trend is still bearish, presenting a clear pattern of lower highs and lower lows. Additionally, volatility has significantly decreased, which is often a sign of decisive moves. However, due to the lack of new buying pressure, the likelihood of a breakout exhibiting negative trends is greater. The RSI is trending in the lower half of the neutral zone, indicating that the market has yet to regain confidence. Volume remains neutral at best.
Even in the recent rebound, trading activity has significantly increased, supporting the view that SHIB struggles to generate stable demand. Bulls will not compromise on regaining the 26-day moving average. If SHIB can firmly close above this moving average, it would be the first clear indication in weeks that sellers are losing ground and that momentum may be changing.
Before breaking this resistance level, there is no conclusive evidence that the token can withstand a reversal. If the 26-day moving average fails to break through, traders should closely monitor the market, as this may lead to further declines in SHIB's price. Currently, SHIB must overcome this obstacle, or it will face the risk of further declines.
Opportunities for Bitcoin
The price trend of Bitcoin continues to attract traders with the prospect of breakthroughs, but the reality is far less convincing. Bitcoin is currently below a clearly defined downtrend line on the daily chart, which has capped every recent rise. The price of Bitcoin is fluctuating between $107,000 and $108,000, with a price ceiling that is difficult to break through.
At first glance, Bitcoin seems poised for a significant rise. The higher lows and the pressure from the trend line indicate that pressure is increasing. However, upon closer inspection, the picture is not as appealing. The main driver behind this rise is not a massive influx of new capital, but rather forced liquidations. What we are witnessing is not a structural change in market sentiment, but merely tactical positioning.
The trading volume is similarly bland. The surge in demand necessary for Bitcoin's real breakthrough has not occurred. Before this, the current squeeze seems more like a setup for profit-taking rather than a long-term upward trend.
What is Bitcoin's plan? The market is currently stagnant. The support levels of the 50-day and 100-day EMA are supporting the price, and the technical structure remains robust. However, there is still significant room for profit-taking at these levels. If new buyers do not step in quickly, sellers may regain control and push Bitcoin back into the $100,000 to $105,000 range.
This trend does not indicate the beginning of a new macro upward trend. In the absence of volume confirmation and increased buyer confidence, it is safer to view this as a short squeeze rather than a clear breakout. Caution is advised until contrary signals appear. This signal is weak, and ignoring this fact may come at a high cost.
XRP Dormant
XRP is entering unknown territory, and the direction does not look optimistic. At around $2, XRP is locked into an unusually narrow sideways channel for the first time in its trading history. XRP's volatility is unprecedented, whether spiking to new highs or crashing. However, even experienced market participants have never seen a prolonged stagnation state for this asset.
The price trend has hardly broken through the 50-day and 100-day exponential moving averages, which have been suppressing XRP for the past few weeks. Both volume and volatility indicators are steadily declining. This suggests that the market seems unwilling or unable to make bold moves, whether bullish or bearish. This lack of participation is concerning.
A sideways consolidation after a significant rise could be beneficial, as it allows the market to reorganize before the next round of increases. However, Ripple has not shown a clear upward trend. This sluggish movement instead feels exhausting. Traders seem no longer to believe that a substantial pullback or bullish breakout is imminent.
Due to the lack of any significant momentum support, the likelihood of an XRP rise has decreased. This trading pattern indicates psychologically that both buyers and sellers lack compelling reasons to buy. Institutional capital flows have shifted, and retail investors' interest has waned. XRP is likely to continue consolidating until it can rise above the 200 EMA or until there is a surge in volume.