Shiba Inu price is treading at a critical juncture as it nears a potential death cross. Typically, a death cross is where the 50-day EMA crosses below the 200-day EMA. It could reveal a complete shift into a bearish market, leading to a deeper correction for the Shiba Inu price. However, the crypto market defies the norm―could the Shiba Inu pull off a surprising rebound?
Conversely, Cardano has regained bullish sentiment after positive news regarding Grayscale’s ADA ETF filing. Meanwhile, DTX Exchange is quietly stealing the spotlight thanks to its unique hybrid platform. Cardano and DTX Exchange have incorporated advanced technologies with distinctive approaches, making them stand out and fit for exponential growth.
Shiba Inu market overview: Is SHIB price in the danger zone?
Despite a slight relief following the January sell-off, the Shiba Inu price has been hovering above the $0.00001500 level. This is still significantly lower than its previous highs. And with the looming death cross―the 50-day EMA nearing the 200 EMA, the Shiba Inu price could witness further downturns. However, the $0.00001450 support level reveals that SHIB buyers are still on the market and are showcasing interest in buying SHIB tokens at lower prices. If these buyers regain momentum, the Shiba Inu price could avoid a complete bearish breakout and trigger a recovery.
Notably, Shiba Inu witnessed additional setbacks to its upward rally. SHIB whales have offloaded the meme coin during the market downturn. This could lead to further Shiba Inu price declines, possibly as low as $0.00001300 or beyond. If the Shiba Inu price can break above the $0.0000180 and steer toward the $0.000020 level, it could stage a potential recovery and reflect a shift in market sentiment. It could further reignite bullish trends, attracting new investors. While the market is unpredictable, the chance of a bullish resurgence could occur if broader market conditions improve.
Though the Shiba Inu price performance has been lackluster, the meme coin hasn’t entirely existed in the bullish cycle. If the market conditions become favorable, the Shiba In price can reclaim its position as the top meme token. While many are quick to write off the token, history has shown that in crypto, opportunities often arise when the market feels most uncertain. With better favorable market conditions, the Shiba Inu price could defy the odds and chart its path back to success.
Cardano price retests support
The Cardano price has declined since its cycle high of $1.32 in December 2024 on its weekly time frame. ADA coin validated the $1.25 horizontal region as resistance. The price drop happened in two distinct drops separated by a relief rally. The Cardano price fell to lower lows of $0.51 in February and has bounced since then. This week’s close has become critical to confirm whether the Cardano price will reclaim the $0.80 horizontal area.
This region provided resistance before the breakout, which triggered the high cycle. Reclaiming this level could mean the previous breakdown was just a deviation, and the Cardano price has retested the area as support. Notably, the price movement could impact technical indicators readings. Its relative strength index (RSI) and Moving Average Convergence/Divergence (MACD) are at critical junctures. The RSI has breached the neutral level, and a breakdown below it will suggest a bearish trend.
However, the MACD has made a bearish divergence. Therefore, closing the weekly Cardano price is crucial for determining the direction of future trends. Meanwhile, the Cardano Foundation has announced the limited edition of Cardano Ledger Nano X and revealed several innovative projects within the ecosystem. This positive news could trigger market optimism. The daily time frame showcases that the Cardano price has been trading within a descending channel. A break out of this channel could steer Cardano toward the $0.83 resistance area. A close above this lever could take the Cardano token toward the channel’s resistance trendline at $1
DTX Exchange (DTX): Viral $0.16 DeFi Token with massive potential in 2025
As Cardano enthusiasts await ADA ETF approval, DTX Exchange (DTX) has captured attention for its unique positioning in the broader market. After rapidly developing technologies and recently launching a successful testnet, DTX has attracted smart money into the final stage of its presale. Notably, the project has raised over $13.80 million and delivered a 700% return to early presale holders. With an expected rise to $0.20 upon listing from its current price of $0.16, early participants could witness a 25% increase.
Ideally, DTX is the first hybrid exchange to offer multi-asset trading on a single unified interface. Traders can access over 120,000 financial instruments, including bonds, stocks, derivatives, tokenized ETFs, and cryptocurrency. Moreover, its 1000x leverage has enabled traders to enhance risks and maximize their high-profit potential, setting it apart from other exchanges. DTX Exchange is powered by the layer-1 blockchain VulcanX, which can achieve 200,000 TPS in the testnet.
This high speed will enable a highly efficient trading environment, enabling traders to capitalize on small market movements while reducing losses efficiently. DTX has prioritized community engagement with its VIP rebate program. Through this program, token holders earn up to 3% of the platform’s fee revenue, fostering trust and ensuring the community’s growth with the project. Despite being a newcomer, industry insiders think DTX Exchange’s ability to revolutionize the financial markets could position it among the top cryptos in 2025.
DTX, SHIB, or ADA: Best token to accumulate in 2025
As Shiba Inu and Cardano prices continue to navigate market turbulence, DTX presale presents a rare chance to make short-term gains. Thanks to its hybrid exchange protocol, solid security, and community engagement, DTX is well-positioned to witness massive adoption, potentially increasing its price valuation.
Find out more information about DTX Exchange (DTX) by visiting the links below:
DISCLAIMER – “Views Expressed Disclaimer: This article is not financial advice. Cryptocurrencies are volatile and unpredictable. Due diligence and caution are paramount. Views and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more
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