The Shiba Inu price is showing signs of life after a massive downward trend. This development can be observed across the board, with almost all altcoins being due to an increase in the price of Bitcoin.
Due to the troubled nature of the cryptocurrency markets, most altcoins, including ADA, have taken a hit. Despite the sideways movement, some cryptocurrencies have managed to stay afloat. The same cannot be said for the Cardano price, which is hovering in a dangerous area that could determine or destroy its short to medium term future.
SafeMoon price could bounce back a little on the cheap rally that is pervading the cryptocurrency market today. However, unlike some others, SafeMoon is still not breaking out of a bearish triangle game on the daily chart and there appears to be even more downtrend in the charts.