Solana (SOL) is crucial for the following reasons; key Shiba Inu (SHIB) support survives, is a hidden XRP volume pattern forming?

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Solana is in a vulnerable position:

Solana has failed to break through the descending trend line, currently trading at around $225, and market participants are hesitant. The 26 EMA has become a lifeline to prevent further collapse, maintaining above this level could pull back to $240.

Falling below the 26 EMA could lead to further declines, with the next important support level at $193 (50 EMA), and further down at $172 (100 EMA). Volume is decreasing, and RSI hovers near neutral.

Shiba Inu holds its position:

Shiba Inu's price has recovered well after testing the 26 EMA, currently trading at $0.00002817, with potential for a short-term recovery.

Volume is low, and RSI is hovering near neutral territory. Breaking through the $0.000030 resistance level could reignite bullish interest, but if the 26 EMA loses support, it may retest $0.00002418 (50 EMA).

XRP consolidates after a decline:

XRP is showing consolidation in a downtrend price channel after a rally in November, currently priced at $2.38, with declining volume potentially indicating hidden accumulation.

The 26 EMA serves as support, increasing the likelihood of a short-term rebound. If buying momentum increases, it could break the upper boundary of the downtrend channel, targeting $2.80 and retesting the $3 high.

If the $2.20 support level cannot be maintained, there could be more downside potential, with the next important support level at $1.99. RSI remains in neutral territory.

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