Shiba Inu (SHIB), Bitcoin (BTC), and Ethereum (ETH) are demonstrating resilience at key technical support zones, indicating potential upward momentum across cryptocurrency markets amid stabilizing technical indicators.
Shiba Inu is currently consolidating near the $0.00001200 price threshold after its Relative Strength Index (RSI) rebounded from oversold conditions. This technical recovery suggests a possible local bottom formation for the meme coin. Resistance levels are positioned near the 100 EMA ($0.00001330) and 200 EMA ($0.00001430), with a decisive breach of the 50 EMA ($0.00001315) potentially confirming bullish dominance.
Bitcoin’s market stability hinges on the critical $112,000 support level, which coincides with its 50-day Exponential Moving Average and serves as a historical breakout pattern neckline. This price point emerges as a pivotal technical zone influencing trader sentiment and broader market direction.
Ethereum maintains strength by holding above its 26-day EMA near $3,430, backed by robust structural support between $2,700 and $3,000. ETH’s technical posture signals sufficient buying interest to drive potential upward movement despite ongoing market volatility.