U.Today – Price performance as 2024 draws to a close has investors worried. At the 50 EMA, the necessary level to maintain bullish momentum, Bitcoin lost its key support. This break indicates a significant change in market sentiment and increases the likelihood of additional declines as 2025 begins.
A bearish signal, a loss of the 50 EMA can lead to more selling pressure, especially if traders expect the downtrend to continue. The 200 EMA, which is around $76,160, and the psychological level, which is at $85,457, are the next important support levels. Sharper declines may occur in the first quarter of 2025 if Bitcoin is unable to stabilize at these levels.
Recent trading session volume profiles indicate declining market activity, making Bitcoin more vulnerable. A recovery to retest the 50 EMA seems unlikely in the near future in the absence of strong buying pressure. However, it could signal a short recovery and restoration of some market confidence if the bulls can push Bitcoin back above the 50 EMA in the coming days.
The downward momentum may not be exhausted yet, as indicated by the Relative Strength Index (RSI), which is trending lower while remaining in the neutral zone. Given the current lack of strong institutional or retail demand, the outlook remains cautious. The climate for Bitcoin in 2025 will be difficult.
The market requires a strong catalyst to prevent further losses, which may include technical recovery above critical levels such as $96,472, macroeconomic changes or renewed institutional interest.
It touches the critical level
The Shiba Inu has reached the 200 EMA, which is considered an important support threshold, marking a turning point in market performance. Although support levels are usually seen as bounce opportunities, it is worrying when the 200 EMA is reached in this case. Assets that have fallen to this level in the past have often signaled a change in momentum and the potential for a sharper correction.
SHIB has underperformed at the end of 2024, and the bulls are having a hard time regaining control. The move to the 200 EMA indicates that SHIB is at risk due to a prolonged period of weak demand and selling pressure. A recovery from this level is possible, but it will take significant buying pressure and new interest in the market to offset the pessimistic outlook.
Decreased activity in volume profiles further underscores traders' lack of confidence. It is possible that the asset is on the verge of exhaustion because the Relative Strength Index (RSI) has also fallen into the oversold territory. However, a reversal is not always guaranteed by oversold conditions, especially when the overall market environment is still unclear.
The psychological areas around $0.000020 and $0.000018 will be the next levels to watch if SHIB is unable to hold the 200 EMA as support. A breakdown below these levels could accelerate losses and send SHIB into a downtrend that could take over in early 2025. Right now, the 200 EMA is the center of attention.
Although there is some hope for stability, the overall technical picture suggests that SHIB is moving cautiously. Although the road ahead remains difficult, the bulls must quickly recover to higher levels to halt further deterioration.
Struggling
Due to a combination of investor hesitation and waning momentum from its most recent bull run, XRP is struggling with the crucial $2 support level as 2024 comes to a close. With its current price hovering around $2.03, XRP has been unable to recover above this psychological barrier, indicating that market sentiment may change as the new year approaches.
The $2 mark has been a pivotal point in XRP's performance, especially after its incredible rally earlier this year. But the asset's current inability to maintain this level begs the question of whether momentum will pick up again in 2025. XRP appears to be approaching a critical point as the RSI and declining volume indicate further downward pressure.
XRP is approaching the 50 EMA, the first important support level since the start of its massive rally, according to the technical picture. Historically, the 50 EMA has been a crucial level for XRP, often determining whether the asset will recover or become vulnerable to long-term corrections. The bulls may become more optimistic if this level is successfully defended, but a breakdown could lead to a more significant bounce towards $1.80 or even $1.50.
At this time, the trajectory of XRP will be greatly influenced by the overall market situation and investor sentiment. Although there is struggle in the current price action, traders should pay close attention given the proximity of the 50 EMA. If market conditions improve, a recovery from this level could pave the way for a new high in early 2025.
As the year begins, it will be important to monitor XRP's performance at around $2 and how it reacts to the 50 EMA. 2025 is expected to be a crucial year for XRP regardless of whether it regains momentum or faces new difficulties.
