Cardano (ADA) has been making bullish strides since mid-March, pushing the cryptocurrency closer to a number of key levels. A successful reversal from the 200-day moving average would be an indication that the trend is shifting in ADA's favor, and breaking above the 200-day exponential moving average (EMA) at around $0.41 could pave the way for further upside movement. Consolidation above that price level would signal that buyers have taken control, and may help propel the coin even higher. Shiba Inu (SHIB) formed a symmetrical triangle pattern on its trading chart, presaging a period of consolidation, where buying and selling pressures are equal and the market awaits a catalyst for further movement. If a symmetrical triangle pattern is present, potential energy builds up and the direction of the price movement - either bullish or bearish - once the pattern reaches its apex is impossible to predict. In the meantime, Arbitrum (ARB) has seen a surge in profit-taking from its investors, particularly from whales, and any further market movements sparked as a result of their trading could either send prices dramatically up or down.



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