Shiba Inu (SHIB) has posted an 8% gain in 24 hours, riding a wave of optimism across the meme coin sector to trade near $0.000007593. While factors like accelerated token burns and a key technical retest fuel bullish sentiment, warning signs from overbought indicators and exchange flows suggest the recovery could be fragile, setting the stage for a potential near-term pullback.
about SHIB Surges 8% Amid Meme Coin Rally, But Correction Risks LoomAnup Dhungana
0 posts last weekEthereum Reserves Decline Signals Potential for Price Recovery and Bull Run
Ethereum’s price has recently climbed above $3,100, marking a 2.3% daily increase, though it remains down 3.3% over the week amid a bearish trend. Spot exchange reserves have hit multi-year lows, indicating a potential supply shortage as holders withdraw assets for long-term storage, which could create upward price pressure.Analysts are divided; some see bullish patterns suggesting Ethereum may be undervalued and poised for new all-time highs, while others note a divergence in performance compared to Bitcoin, with the ETH/BTC pair forming lower lows. The next support level for ETH/BTC is projected between 0.028 and 0.026, which could spark renewed interest in Ethereum and altcoins.
about Ethereum Reserves Decline Signals Potential for Price Recovery and Bull Run