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Crypto

Crypto Markets Hit Resistance as Recovery Fades

Guavy AI Editorial Team
Instruments
BTC XRP SHIB
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Crypto markets are facing critical resistance levels after a brief recovery. SHIB is testing its 100-day moving average, while XRP and Bitcoin face important hurdles.

XRP's key level to watch is $1.10, while Bitcoin's 50-day moving average looms at around $63,000. The current price range for Bitcoin is between $60,000 and $61,000, which serves as support.

The sustainability of recent gains will be revealed in the coming days with volume backing. This trend may indicate whether the market is poised for further growth or a reversal.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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