Significant changes are observed in the cryptocurrency market. Ethereum may reach new heights while Shiba Inu faces challenges. Additionally, the BlockDAG project receives approval, opening new opportunities.
Shiba Inu Recovery and Potential Bounce
Shiba Inu (SHIB) has dropped 10% over the past week, reaching around $0.000012. However, positive signals are emerging in the market. The Chaikin Money Flow shows rising inflows, indicating quiet accumulation of the asset. A bullish divergence is also forming, suggesting that holders are hesitant to sell at a loss.
Ethereum Sets Sights on $2,100
Ethereum (ETH) has flashed a bullish signal by bouncing back from a key support level. Analyst Michaël van de Poppe highlighted that ETH briefly dropped below this level but quickly recovered, displaying strong buyer interest. This support reclaim could signify a turning point with the goal of reaching $2,100.
BlockDAG Gets CertiK Approval and Prepares for Launch
The BlockDAG project has achieved an important milestone by receiving approval from CertiK. This second audit, after a thorough review by Halborn, signals the project’s readiness to hit the open market. BlockDAG is also planning updates on its upcoming exchange listings.
Ethereum shows fresh strength by reclaiming key support, which may lead to short-term growth. Shiba Inu faces some difficulties, but there are signs of accumulation. BlockDAG, with CertiK's approval, is on its way to launch and is attracting investor attention.
