Recently, the crypto assets market has seen some interesting changes. While Bitcoin is undergoing a brief consolidation, some second-tier tokens are showing surprising vitality.

SHIB (Shiba Inu) has recently achieved a significant breakthrough on the technical front. It has successfully broken through the 200-day moving average, which has been suppressing its trend for the past six months, marking the first time in 2024. Accompanied by a noticeable increase in trading volume and the relative strength index (RSI) climbing above 75, this breakthrough seems to show considerable credibility. Currently, investors should closely monitor the two key support levels of 0.00001326 and 0.00001452. If SHIB can firmly establish itself above the 200-day moving average, then the target price of $0.0000165 may be just around the corner. Unlike previous rises that relied solely on social media hype, this increase seems to have a more solid market foundation.

On the other hand, XRP (Ripple) has entered a remarkable rapid rise phase. After breaking through the key resistance level of $2.8, the price of XRP quickly surged to above $3.5. As the current price has exceeded the historical high, there is almost no pressure from trapped positions above. Although the Relative Strength Index (RSI) has reached an overbought level of 85, the price may continue to climb under such strong upward momentum. It is worth noting that the price increase is accompanied by a continuously expanding trading volume, which further validates the authenticity of this surge. Currently, all periodic moving averages have turned into potential support levels, and the target price of $5 does not seem out of reach. However, investors should also be cautious, as such steep rises are often accompanied by sharp corrections.

Meanwhile, Bitcoin seems to have entered a brief adjustment period after reaching a high point of 120,000 dollars. Does this adjustment mean that the bull market has ended? Or is it just a healthy correction? These questions are worth pondering for market participants.

Overall, the current Crypto Assets market presents a complex pattern. While Bitcoin is temporarily cooling down, some altcoins are showing strong upward momentum. This shift in market dynamics may indicate a change in investors' risk appetite, and it could also be a signal that the entire market is about to enter a new phase. In any case, maintaining caution and rationality is crucial in this highly volatile market.