Bitcoin (BTC) $70,000 Bounce Begins, Shiba Inu (SHIB) Recovery Fails, Cardano (ADA) Still in Uptrend

Thanks to recovering market, numerous assets might return in uptrends

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Resistance lies near the $0.000029 mark, where SHIB has encountered selling pressure recently. The RSI for SHIB is nearing oversold conditions, suggesting that the selling momentum may be overextended and a reversal could be on the horizon. Despite the growth of meme coins on Solana, Shiba Inu has been struggling to show a similar momentum and, as history shows, it rallies only when Ethereum shows itself as a dominant asset.

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