Both buyers and sellers have been unable to get control of Solana (SOLpricing )'s recently. Daily charts have shown a narrative of uncertainty, with the emergence of doji candles indicating no clear trend. After a precipitous drop, prices have been moving more slowly, signalling that bearish momentum is ebbing.
Recent price activity has not been promising, despite cautious confidence among bulls. Buyers had a hard time breaking over the $21 resistance level. As breaking through this barrier is a significant step towards $SOL 's bullish goals, it has been a focal point for traders.
According to #Coinmarketcap , the current price of #SOL is $19.05, representing a decrease of 1.6% over the previous 24 hours and a drop of 5.2% over the last 7 days. While these numbers look bad at first glance, there is still reason to believe that the market will soon begin to trend upwards again.
Technical experts have seen a potentially inverted head and shoulders pattern on the daily time frame chart, providing some optimism despite the market's volatility. The completion of this pattern is frequently interpreted as a bullish reversal indication, suggesting that SOL may be headed for brighter times.
Left shoulder, head, and right shoulder are the three primary components of the pattern. The latest price drop in SOL is interpreted as the right shoulder being fully formed, which might lead to a rally in the near future. If SOL manages to maintain a price below $19, we may see a retest of the neckline resistance around $20.80.

The inverted head and shoulders pattern may provide some encouragement, but investors should proceed with caution. The Relative Strength Index (RSI) has been stuck below the 50 mark, indicating that bearish sentiment persists, for some days now. In addition, despite many efforts throughout the month of September, the On-Balance Volume (OBV) has been unable to break past local resistance, suggesting that sellers may still be in control.

A price research states that a compelling break of the $18.58 barrier by SOL would convert the market structure negative. Until then, a short-term consolidation range is still a distinct possibility before SOL makes a possible upward move. But, the available data implies that sellers are not yet prepared to give up control.
Although the appearance of an inverted head and shoulders pattern gives bullish traders reason to be optimistic, they should proceed with care because major indications point to continuing market instability. If SOL is going to be able to break out of its trading range and start heading upwards, the next few days will likely be decisive.

Making it in the crypto space is very easy and can easily be complicated if you don't know what to do. These 5 tips are characteristics that could be hindering you;

1. Laziness - While most people refuse to accept the fact that they are lazy, it eventually plays out and gets to a point where you just can't deny anymore.

Accepting your weaknesses can be very hard and celebrating false strengths is the easiest.

However, for proper growth you should learn to accept your shortcomings an start seeing them as things you can improve on, once you set your mind to it. Most people in the crypto space are just too lazy to take life-changing actions, such as airdrops, promotional activities or more etc. 🐒

2. Inability to #dyor - As the name implies, Doing Your Own Research (DYOR), most users do not know how to make good research.

You do not need to be best at it, you just only need to be able to decide if investing in a project or carrying out a certain activity, is the right move.

In the early days, most people got to know about #bitcoin , but not all of them was willing to invest in it for longterm, but #cz did. This was because of the research he made and belief in the system.

Before investor in a project,you should look out for the use case and potential need for the market. The team behind the project is also a good research to make. Nowadays , there are websites that help you make research easily, such as #Coinmarketcap etc.

3. Isolated - Everyone needs a community, two good heads are far better than one good head. This is why joining Communities and following up with trends is the right way to go.

Some traders wake up and start investing with guesswork. In-depth analysis could save you from loads of liquidations and losses. Google can be the second head you need, use it well and binance feed too.

4. Rigid - This often occurs when an individual feels too attached to a certain way of doing things, even when the potential output of that activity is questionable.

So yes, there are Individuals who prefer spot trading, while others are futures traders. While these niches are profitable, been flexible could be the way for you.

All you need do is to become receptive to other opportunities out there, such as trading competitions, airdrop activities and more. These could end up making you cool funds as per beginners luck or so. 🙉

5. You Are Not Following Us Yet - Yeah, you read that right. Everyone has a lot of potentials and if there is even a 1% chance of benefitting, then you should try as much as possible to surround yourself with as much #crypto enthusiasts as possible.

We share contents around airdrops, crypto news, and other educational contents like these. Do well to stick around if you find these interesting.💥

Bonus Tips:

#Binance academy has a ton of educational materials to help you through your Crypto journey. Make sure to use it to the fullest, you can also earn a free NFT certificate 👏

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If you didn't know, $BONE is the gas token of #shibarium and not $ETH

Now for those bridging ETH to Shibarium, you still need to bridge BONE over for gas fees.

That said, below is how to proceed with bridging BONE over to shibarium:

First, you will need to purchase BONE (ERC-20), either on a centralized exchange or via Uniswap.

You can get the contract address for BONE on #Coinmarketcap as seen below:

Next, you will need to bridge BONE (ERC-20) from #Ethereum to Shibarium using the official Shibarium bridge as shown in the image below:

As expected, you'll need ETH to pay transaction fees.

When you have moved funds over to Shibarium, you can then buy $ETH or whichever token you desire using a dex like Marswap or any of the dexes featured on the image below:

It is handy to have some equity in Shibarium considering that the chain just launched, there have been only 55k wallets that have transacted on it, and just a few projects as well. In case rare ROI opportunities show up, you will be present.

#ShibaInu (SHIB) has lately piqued the interest of traders and investors due to its price chart forming an ascending triangle pattern. Higher lows converging with a horizontal resistance level describe this technical pattern.

According to #Coinmarketcap statistics, the current price of SHIB is $0.00000789, with a 1% rise in the previous 24 hours and a 0.6% gain over the last seven days.

The real excitement, though, is in the probable breakout from this ascending triangle pattern, which might lead to a new protracted rebound for the cryptocurrency.

A technical chart structure defined by rising lows and a horizontal resistance line is an ascending triangle pattern. Traders often perceive this as a possible positive indication.

When the price approaches the flat resistance line, buyers become more aggressive, resulting in higher lows. This pattern shows that an upward breakthrough is more probable than a downward breakdown.

Shiba Inu's price is now hanging around the ascending triangle's neckline at $0.00000788. A bullish break over this neckline at $0.00000845 might result in a substantial price increase for SHIB. This might pave the way for a new and protracted rebound, entice more purchasers to join the market.

Recent conjecture about Shiba Inu's role in #ElonMusk 's Twitter makeover has added to the excitement around Shiba Inu's possible breakthrough. Musk, renowned for his prominent tweets and interest in cryptocurrencies, has hinted at prospective crypto partnerships and initiatives. The billionaire just dropped the distinctive Twitter blue bird in favor of "X."

With #SHIB being a meme-based token that acquired popularity in part owing to its Shiba Inu dog mascot, any link with Musk's ideas might increase interest and purchasing momentum.

If the bullish breakthrough occurs and Shiba Inu's price crosses the overhead barrier, the purchasing enthusiasm may accelerate. According to technical analysis, a good breakout from the ascending triangle pattern might rocket SHIB 's price to $0.00001, marking a 33% increase from its current position.

The most recent green candlestick on the daily chart of $SHIB attests to the present optimistic attitude. The green candlestick symbolizes a day where the closing price is higher than the beginning price, signaling that prices are moving in the right direction.

This latest green candlestick, when combined with the ascending triangle pattern, lends weight to the possibility of a bullish breakout.