Shiba Inu, Dogecoin, XRP, and Binance Coin trade mixed, key levels in focus

Major cryptocurrencies Shiba Inu (SHIB), Dogecoin (DOGE), XRP, and Binance Coin (BNB) showed divergent trends, with technical indicators highlighting ongoing uncertainty across the broader crypto market. While SHIB, DOGE, and XRP grappled with persistent selling pressure and struggled below important resistance levels, BNB displayed relative strength above its long-term trend indicators. Shiba Inu continued to trade under sustained bearish pressure, hovering near $0.00000508 after losing momentum in its recent recovery attempts. The altcoin failed to reclaim resistance between $0.00000530 and $0.00000550, where several short-term moving averages were clustered. A move above this range could trigger further advances toward $0.00000580, with the $0.00000600 mark acting as a psychologically significant target for buyers. However, the descending trend in long-term moving averages signaled ongoing vulnerability to downside risk.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.