💥💥💥 Will #shibaInu (SHIB) Lose $0.00002? #bitcoin (BTC) Plummets After Hitting $70,000, #Solana ($SOL ) Might Be Safest Asset on Market's Top Right Now
Bitcoin surged above $70,000 but quickly fell below $69,000 due to increased selling pressure, indicating potential profit-taking by investors. Currently trading around $68,000 near its 50-day EMA, Bitcoin faces a bearish divergence on the RSI, suggesting waning momentum. If it fails to hold this level, the 200 EMA support might be tested. Despite this, Bitcoin's long-term trend remains positive, with the decline potentially being a market correction.
Solana's Stability
- Solana remains stable, trading around $150 at the 100 EMA, showing resilience and a strong support level. Unlike other volatile cryptocurrencies, Solana's long-term trend remains bullish. The RSI indicates potential for upward movement without being overbought. Consistent trader interest suggests Solana might be poised for gains if market sentiment improves.
Shiba Inu's Struggles
- Shiba Inu has fallen below its 100 EMA support level, raising investor concerns. Currently, SHIB is nearing the next major support around $0.000019 with an oversold RSI, indicating potential for continued selling pressure but also a possible brief rebound if buyers step in. The declining volume suggests diminishing buying interest, and if selling persists, SHIB might test the 200 EMA support soon.
Source - u.today
