Crypto Market Prediction: Shiba Inu (SHIB) Volumes Hit Zero, XRP's New Reality at $1, Is Bitcoin (BTC) in Useless Uptrend?

The article discusses the current bearish conditions in the cryptocurrency market, highlighting weak market structures and declining trading volumes across Bitcoin, Shiba Inu (SHIB), and XRP. Bitcoin's recent recovery above $103,000 is seen as superficial, with low trading volumes suggesting a lack of real buying interest, and its movement within a narrow range indicates a potential dead cat bounce rather than a true bull market recovery. Similarly, SHIB's trading activity remains at multi-month lows, with the token struggling to maintain momentum amidst weak participation and multiple resistance barriers. XRP faces a worsening technical setup characterized by a 'death cross,' declining momentum, and tightening resistance zones, which point to a potential drop toward $1. Across these assets, the overall market sentiment remains bearish with muted momentum and insufficient volume for sustained growth.

6 days ago
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Source:u.today

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Crypto Market Prediction: Shiba Inu (SHIB) Volumes Hit Zero, XRP's New Reality at $1, Is Bitcoin (BTC) in Useless Uptrend?

Bitcoin's Illusion of Recovery

Although the recent price movement of Bitcoin may appear to be a recovery on the surface, the underlying data presents a far more dire picture. Bitcoin has recovered above $103,000, but there are no indications that this alleged uptrend is getting any stronger. From the perspective of market structure, the move is essentially pointless because volume has dropped to almost zero, a phenomenon that also affects other assets like XRP and Shiba Inu.

The Worrisome State of Shiba Inu

The recent market performance of Shiba Inu (SHIB) highlights a concerning picture for its short-term future. Despite holding above the $0.0000097 mark, SHIB's trading volume has collapsed, suggesting waning interest in the meme coin. Historically, such low levels of participation precede either prolonged consolidation or further declines in price.

SHIB's daily chart reflects its stagnation, with prices fixed in a narrow range between $0.0000090 and $0.0000100 over the past week. For a highly speculative asset like SHIB that depends heavily on retail-driven hype and liquidity, the decline in trading volume is especially detrimental. Without these factors, rallies lose momentum, and the market drifts aimlessly.

SHIB's Bearish Technical Setup

Adding to its challenges, SHIB faces a bearish technical setup. Important moving averages like the 50-, 100-, and 200-day EMAs act as dynamic resistance points, making it difficult for the token to sustain any gains. Previous attempts to break these resistance zones have repeatedly failed.

Momentum indicators, especially the RSI (Relative Strength Index), remain neutral around 46, signaling weak buying power. This low activity comes after a supposed recovery phase in late October that failed to generate sustained strength, hinting at a bull trap. With buyers gradually retreating, SHIB seems poised for further declines.

XRP's Escalating Downtrend

Every week brings worsening technical signs for XRP, making a fall to $1 in the medium term appear more likely. A recent death cross — where the 50-day moving average fell below the 200-day moving average — has validated traders' fears that the bullish cycle is over.

Currently trading near $2.39 after facing repeated rejections at $2.60, XRP struggles to maintain upward momentum. Sharply downward converging moving averages have reinforced this resistance. Simultaneously, weakening volume indicates eroding interest from both institutional and retail participants, leaving XRP unable to break overhead resistance without a significant surge in buy-side volume.

Bearish Momentum and Structural Weakness in XRP

XRP's RSI near 47 reflects weak momentum, a hallmark of bearish phases. Structurally, the token has established lower highs and lower lows, suggesting a prolonged decline. If XRP fails to hold in the $2.30-$2.20 range, the next major support lies near $1.90. A break below that level could lead to a retracement toward $1.00, coinciding with the final significant accumulation zone from early 2024.

Bitcoin's Struggles to Maintain Momentum

Bitcoin continues to bounce off the $100,000 support level on its daily chart, forming a shallow upward pattern that signifies exhaustion rather than accumulation. Over the past week, each minor price increase has been accompanied by declining trading activity, a stark contrast to what is typically seen in a healthy bull market. Without new capital inflows, muted volume suggests that short-term traders, rather than institutional investors or long-term holders, are driving these movements.

Bitcoin's Future Hinges on Volume

Currently, Bitcoin is trading within a $107,000-$111,000 range, sitting below major moving averages like the 50-, 100-, and 200-day EMAs. This stacked resistance cluster reaffirms a bearish trend. The RSI around 41 highlights weak sentiment and momentum, suggesting the uptrend is more of a sideways drift rather than genuine growth.

Without a significant surge in trading volume, Bitcoin's current recovery attempt appears hollow, likely signaling a dead cat bounce instead of any meaningful reversal. The combination of poor liquidity and general market hesitation makes the rally structurally meaningless. For Bitcoin to regain momentum, buyers must recover critical resistance levels and push volume higher.

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