Shiba Inu (SHIB) May Be About to Start a Long-Awaited Bull Run

With a recent significant technical advance, Shiba Inu may be about to start a long-awaited bull run. The 50-day Exponential Moving Average (EMA)

Shiba Inu price is attempting to rally further after notching gains of nearly 3% on the day. The asset is now trading at around $0.0000127.

This move has seen SHIB finally break above the 50 EMA, which is a crucial technical development. The 50-day Exponential Moving Average has acted as a key resistance level throughout the recent period of consolidation and muted price action.

Crucially, this breakout has come with rising volume, indicating that market participants are becoming more confident. This could see the asset now move to test the 100 EMA and potentially target the 200 EMA, which is located close to the $0.0000166 zone.

Overall, this breakout is in line with a broader pattern that has been unfolding in the cryptocurrency market. Bitcoin has also regained major EMAs, while Ethereum is seeing a recovery with increased whale accumulation.

As the macro environment improves and momentum shifts back toward riskier assets, we might see these memes benefit.

Shiba Inu price is attempting to rally further after notching gains of nearly 3% on the day. The asset is now trading at around $0.0000127.

This move has seen SHIB finally break above the 50 EMA, which is a crucial technical development. The 50-day Exponential Moving Average has acted as a key resistance level throughout the recent period of consolidation and muted price action.

Crucially, this breakout has come with rising volume, indicating that market participants are becoming more confident. This could see the asset now move to test the 100 EMA and potentially target the 200 EMA, which is located close to the $0.0000166 zone.

Overall, this breakout is in line with a broader pattern that has been unfolding in the cryptocurrency market. Bitcoin has also regained major EMAs, while Ethereum is seeing a recovery with increased whale accumulation.

As the macro environment improves and momentum shifts back toward riskier assets, we might see these memes benefit.

Now at 54, the RSI is slowly increasing but remains largely uncharted in terms of overbought territory. This gives a great deal of technical leeway to SHIB to continue rising without inviting any undue profit-taking.

If the momentum continues, the next logical resistance will be at $0.0000148, followed by the psychologically significant $0.000017 level. In the short term, maintaining support above the 50 EMA will be crucial.

If it can stay above this line, we might see SHIB continue to attract more inflows from traders and investors hoping to capitalize on a longer-term breakout. It seems that a new bullish phase for Shiba Inu could be beginning.

With the second-largest cryptocurrency by market capitalization rising by almost 4% to reach approximately $1,700, Ethereum is finally showing signs of waking up.

Following several weeks of lackluster performance, ETH’s rather swift upward move has boosted investor confidence, especially as it coincides with a notable trend of whale accumulation. According to on-chain data, a well-known whale has withdrawn another 1,897 ETH or roughly $3 million from Bitget within the past 10 hours.

In total, this whale has been accumulating 3,844 ETH (~$6. 5 million) since the spree began on April 3. These actions suggest sustained belief in Ethereum’s value proposition and often precede periods of price rallies.

Technically, Ethereum is testing its 50 EMA, which is currently hovering around $1,884 after breaking out of a local symmetrical triangle. This level is crucial because a clean breakout could set the stage for a retest of the 100 EMA at $2,229, although that still seems quite far off.

With rising volume and an RSI of 46 to 45, it appears that momentum is building without yet reaching overbought conditions. Even so, Ethereum is still lagging behind some of its main rivals, such as Bitcoin, and even meme coins like Shiba Inu, which have conquered significant resistance levels like the 50 EMA. In terms of recovering its long-term moving averages, particularly the 200 EMA — which is significantly higher than its current levels — ETH is still lagging.

Bitcoin price managed to make a strong move that could pave the way for the elusive $100,000 milestone and reignite bullish optimism.

Rising over 2.7% on the daily chart, Bitcoin managed to break both the 200-day EMA and the 100-day EMA. This technical move massively enhances the cryptocurrency’s short-term outlook.

After a period of consolidation just below key resistance levels and bouncing