Bitcoin's price is causing concern as it loses support at the 50 EMA, indicating a change in market sentiment and the potential for further declines. Support levels at the 200 EMA and psychological level are crucial, and if Bitcoin cannot stabilize at these levels, more severe drops may occur in early 2025. The lack of market activity and bearish momentum, as indicated by the RSI, make the outlook cautious. A strong catalyst is needed to prevent further losses, such as technical recovery, macroeconomic changes, or renewed institutional interest.

Shiba Inu (SHIB) is also struggling, touching the 200 EMA and signaling a turning point in its market performance. Weak demand and selling pressure make SHIB vulnerable, and a recovery will require significant buying pressure and fresh market interest. Support levels at psychological zones will be important, and a collapse beneath these levels could lead to a bearish trend in 2025.

XRP is also facing difficulties with the $2 support level, suggesting a changing market sentiment. The inability to maintain this level raises questions about momentum in 2025. The asset is approaching its 50 EMA, which has historically been crucial for XRP's performance. The trajectory of XRP will depend on the overall market and investor sentiment, but a recovery from the 50 EMA could potentially lead to a new rally in early 2025.

Overall, the crypto market faces challenges as 2024 comes to an end, with Bitcoin, Shiba Inu, and XRP all experiencing difficulties. The performance of these assets in early 2025 will be crucial in determining their future trajectory.



Other News from Today