As reported by U.Today, Cardano is facing tough times, with the asset having fallen below its 200-day exponential moving average, which is often seen as a bear market signal. However, as ADA hits what some consider to be a local bottom, trading volumes are starting to pick up, which could be a sign that interest in ADA is returning.

Solana has seen a significant reversal on the charts recently. After a bullish period, SOL encountered rejection at the 26-day EMA and has since fallen sharply, breaking key support levels. However, for Solana, the situation is not so bad. If price stabilizes at the 100-day EMA and finds solid footing, it could provide the basis for a potential rebound.

Shiba Inu is at an important turning point. Recently, SHIB suffered setbacks in its attempt to break above the 50-day EMA. This failure and subsequent pullback suggests that the meme coin’s momentum is fading. Currently, SHIB’s nearest significant support is at $0.000021, which if this level holds, could provide a springboard for a potential reversal.