💥💥💥 #shibaInu Loses Vital Support: Critical State of SHIB, #Ethereum✅ (ETH) to Hit $4,000? #Solana⁩ (SOL) Might Show Massive Reversal Soon

Shiba Inu Faces Critical Support Levels Amid Bearish Indicators

- Shiba Inu (SHIB) is at risk of significant price drops as it tests crucial support levels around $0.00002476. The descending triangle pattern and bearish technical indicators suggest a potential continuation of the downward trend. Despite decreasing trading volume, which typically signals waning selling pressure, substantial buying interest is needed for a recovery. The Relative Strength Index (RSI) near 44 indicates potential for a price bounce, but market sentiment will play a crucial role. Investors should closely monitor the $0.00002310 support level.

Ethereum's Stability and Potential Upside

- Ethereum's price remains stable near $3,700, indicating a possible rise towards $4,000. This stability could lead to a surge in inflows and a return above the $4,000 mark. However, a break below $3,700 might result in a decline to the $0.00001940 support level (200 EMA). Ethereum's stabilization is supported by the 50-day moving average, suggesting a potential for future gains, but the broader market perspective remains critical.

Solana's Potential Reversal

- Solana (SOL) shows signs of a potential reversal, finding support around the 26-day exponential moving average (EMA) at $163. The 50-day moving average turning upward indicates the start of a new uptrend, though overcoming the $170 resistance level is essential for confirming a long-term bullish reversal. Volume analysis and the RSI around 50 suggest neutrality, but current support levels offer a promising outlook for future gains.

Source - u.today