Coinbry

  • Market Cap: $2,481,684,921,838.76
  • 24h Vol: $139,883,230,109.06
  • BTC Dominance: 51.77%
Traders Shift Focus to SHIB, UNI, MKR, and XDC Amid Bitcoin's Sideways Price Movement

Traders Shift Focus to SHIB, UNI, MKR, and XDC Amid Bitcoin’s Sideways Price Movement

– SHIB, UNI, MKR, and XDC are showing signs of strength in the cryptocurrency market.

– Bitcoin’s price remains stuck in a narrow range but is sustaining above the 20-week exponential moving average.

– Bitcoin futures trading volumes have reached their lowest levels since December 2022, indicating a lack of volatility.

– SHIB is in a strong recovery, facing resistance at $0.000012. A rally above this level could lead to further gains.

– UNI rebounded off the 50-day SMA and is battling resistance at the 20-day EMA. A break above this level could result in a rise to $6.70.

– MKR is attempting to flip the breakout level of $1,200 into support. A break above $1,370 could signal a new uptrend.

– XDC has pulled back to the 20-day EMA, with support at $0.062. A break above $0.073 could lead to an up-move to $0.082.

– Traders may be shifting to other markets or avoiding making moves due to the lack of volatility in Bitcoin’s price.

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