The Future of SHIB and SOL: Is a Turning Point Here, Will a Breakthrough Occur?
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Shiba Inu [SHIB]: The rebound is not out of danger, trend reversal still needs verification
Shiba Inu recently broke above the 100 EMA at $0.0000230, but this has not completely changed its ongoing bearish trend for several weeks. The decline in trading volume remains a major issue for SHIB. Despite the price recovery, the lack of substantial buying interest indicates insufficient investor confidence.
Key Levels:
Resistance: Breaking above the 200 EMA ($0.0000250) is a necessary condition to achieve a trend reversal; further breaking through the psychological level of $0.0000300 will mark the establishment of bullish momentum.
Support: If it fails to maintain above the 100 EMA, the price may retreat to $0.0000205, or even test the support level of the 200 EMA.
Outlook Analysis:
If trading volume remains sluggish, the rebound may be difficult to sustain; breaking through $0.0000250 will be key to confirming the trend change.
Solana [SOL]: Cautious Recovery, Selling Pressure Apparent
Solana recently rose 13%, but the market shows clear selling pressure, especially with the long upper shadows in recent candlesticks, reflecting that bulls struggle to maintain upward momentum. Currently, SOL is trading close to $196, approaching the key resistance of the 200 EMA.
Key Levels:
Resistance: After breaking the 200 EMA, it may attempt to surge towards $210, and even further rise to $230.
Support: If it fails to break the resistance, the bulls' support level is at $175, which is the 100 EMA.
Market Signals:
The trading volume is still moderate, but more buying interest could be key to driving a sustained recovery.
In the short term, SOL needs to break the upper trend line of the descending channel to confirm the trend reversal.
Summary: Focus on Key Levels and Trading Volume
SHIB needs trading volume to accompany a break above the 200 EMA, otherwise it faces the risk of a pullback.
SOL must firmly break the $200-$210 range to further confirm the reversal.
Both are at critical turning points, and investors should closely monitor trading volume dynamics and the breakthrough of key resistance levels to assess future trends.
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