Shiba Inu (SHIB) Delivers Devastating Performance, Solana (SOL) Performs Massive Breakthrough, Is Ethereum (ETH) Ready For Bullish Market?
Shiba Inu's inability to break through the 50 EMA is a problematic situation for the asset as it limits the potential SHIB had in the current market recovery phase. Unfortunately, the lack of trading volume and inflows suggests we are not going to see any changes in the foreseeable future whatsoever.
Analyzing the chart, Shiba Inu has been struggling to maintain upward momentum. The 50 EMA, which acts as a significant resistance level, has proven to be a formidable barrier. SHIB's repeated failures to surpass this level indicate a weak buying pressure, which is crucial for any sustained rally.
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