If the market stabilizes, conservatives can look to sol and shib for their first positions
1. Solana (SOL)
Solana (SOL) has risen more than tenfold from $17 in September 2023 to $210 in March 2024. Despite the selling pressure at $210, it tested $116 last week. The rebound after Bitcoin's halving helped SOL start a new week of upward trend, and the current price is $153.5. The daily chart shows that SOL hit a high of $156.64 today, testing the EMA21 resistance. Currently facing resistance from EMA55 ($154.74) and EMA21 ($156.65), the day's closing may be strong above $157. If the market reverses, investors should pay attention to EMA5 ($148.62) as the first support level.
2. Shiba Inu (SHIB)
Shiba Inu (SHIB) has a market value of $16.16 billion, ranking 11th. Although it tried to break the downward trend since March yesterday, the closing correction failed. At the beginning of the new week, SHIB showed an upward trend, and the current price is $0.00002741, an increase of 4.34%.
SHIB daily chart analysis
Shiba Inu (SHIB) has entered a downward trend since it hit $0.00004567 in March 2024, with a low of $0.00001830. After being supported by EMA100 for one week, SHIB regained its upward trend. The chart shows that although it tried to break the downward trend yesterday, it failed. The new week's trading price is above the downward trend line of $0.00002741. If the daily closing price continues to be above this line, the first target area is $0.00003250 and $0.00003591; if it falls below, pay attention to EMA5 (0.00002561) and EMA21 (0.00002549) as support.
At present, the bull market is surging, and we have the opportunity to share passwords every day.
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