This potential slip below the 26 EMA is crucial because it suggests a weakening in buying pressure and a shift in market sentiment from accumulation to potential distribution. A break below this level would not only establish $2,347 as the next price floor but could also exacerbate the asset’s losses, leading to further bearish momentum.
Ethereum (ETH) In Dangerous Position, Bitcoin (BTC) About to Lose $40,000, Shiba Inu (SHIB) At Local Support
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