Cardano\u0027s breakthrough sets it up for longer term reversal
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However, the journey ahead is not without challenges. Shiba Inu is approaching the 21 exponential moving average resistance level. This is a crucial point for the asset, as the 21 EMA often acts as a barrier that could potentially push the price lower. Ifmanages to break through this resistance, it could pave the way for further gains. On the flip side, failing to do so could result in a price correction.
The asset has recently moved past the 50 exponential moving average , a commonly used technical indicator that helps traders identify market trends. Crossing above the 50 EMA is generally considered a bullish sign, indicating that the asset might continue its upward trajectory.conditions suggest that Ethereum's recent gains might not be as secure as they appear. The relatively low trading volume and market volatility indicate that we could see a reversal quite soon.
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