As we approach the end of another week in the cryptocurrency market, altcoins continue to underperform. While BTC ($105,040.72) remains above $105,000, ETH ($3,260.84) struggles to stay above the $3,300 mark. Cryptocurrency enthusiasts were optimistic in January, yet the anticipated results following Trump’s actions have not unfolded as expected.
Shiba Coin and XRP ($3.11) Analysis
Shiba Coin is hovering around the critical threshold of $0.000019, failing to reclaim its support at $0.00002092. Despite being the second-largest meme coin by market cap, alternative meme coins have significantly overshadowed major cryptocurrencies. The timing of any potential reversal remains uncertain, yet the delay in ETF approvals last year had similarly dampened morale.
If the downward trend continues, testing the $0.0000167 support could become a reality, which, if reclaimed, may target $0.00002433. The resistance of the parallel channel sits at $0.00002933, marking the level where upward momentum could gain traction.
