Bitcoin’s Bull Run Stalled, Shiba Inu Remains Stagnant; XRP Sees Unthinkable Comeback

Recent cryptocurrency market activity has sparked doubts about the continuation of Bitcoin’s bullish momentum. Analysis suggests the bull run may be losing steam as Bitcoin struggles to maintain upward movement after hitting a new high earlier this summer. This is largely due to its inability to stay above the 50-day EMA, a key indicator for bullish continuation that currently seems elusive. A recent drop in volume and lack of buying pressure indicate a weakening demand for the leading cryptocurrency. This trend raises questions about whether Bitcoin can regain momentum or if we’ll see a more comprehensive correction. Experts are closely watching the next significant support level around $101,000. A failure to achieve this level could signal a potential trend reversal. Meanwhile, Shiba Inu is showing signs of stagnation with near-zero volatility. The lack of market movement suggests a prolonged period of sideways trading. While the symmetrical triangle pattern may ultimately resolve in either direction, the token’s continued inactivity paints a picture of a market devoid of clear momentum or strong growth.