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Bitcoin (BTC) on Yearly Low, Shiba Inu (SHIB) Plummeting Aggravated, Solana (SOL) Far Too Close to $100

Bitcoin (BTC) on Yearly Low, Shiba Inu (SHIB) Plummeting Aggravated, Solana (SOL) Far Too Close to $100
The given crypto news content provides an update on the current state of Bitcoin, Shiba Inu (SHIB), and Solana (SOL).

- Bitcoin has dropped to its lowest point since 2025, breaking below a significant sideways channel and suggesting more downward pressure. It is currently trading at $88,835 and has dropped almost 3% over the last day. The next support levels are $85,600 and $84,000. The RSI is at 30, suggesting oversold conditions and the potential for a brief recovery. However, bearish momentum may continue unless Bitcoin recovers the $92,000 mark.

- Shiba Inu is under tremendous downward pressure, and its profitability fell below 40%. The price action has been negative, with the coin trading at about $0.00001380. Key moving averages like the 50-day and 200-day EMAs indicate that sellers are still in control. The RSI is close to oversold conditions, but no reversal signal has yet appeared. A relief rally toward $0.00001600 is possible if SHIB maintains above the $0.00001300 support level.

- Solana has been caught in a downtrend and is now trading at $138, down almost 16% over the past day. It is perilously close to the $100 mark. The asset has been in freefall, and the breakdown of the $150 support level has intensified selling pressure. The RSI is severely oversold, but past performance indicates that it does not ensure a reversal. A relief rally toward $160-$170 is possible if SOL can build support around $130, but reaching $200 seems unlikely in the near future.

Overall, Bitcoin is experiencing downward pressure and needs to regain key levels to see a bullish recovery. Both Shiba Inu and Solana are in a downward trend, with SHIB facing uncertainty and Solana struggling to recover previous gains. Investors should exercise caution and prepare for more volatility in the market.

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