According to U.Today, the crypto market is showing signs of stabilization, with Shiba Inu (SHIB) rebounding from a months-long downtrend and Bitcoin (BTC) losing $1.63 billion in open interest but stabilizing afterward. SHIB's quick recovery near the $0.0000095 level and its resistance against further declines suggest potential for a trend reversal, though major moving averages still indicate a bearish structure. XRP, which has been in a consistent decline, is showing signs of reversal due to the ETF filing momentum, with buyers stepping in near the $2.30 zone and reclaiming short-term trendlines. The ETF narrative is influencing sentiment, potentially invalidating the bearish trend if regulatory approvals proceed smoothly.
SHIB Shows Resilience Amid Market Stabilization, XRP ETF Hopes Rise, BTC Loses $1.63B in Open Interest
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