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Shiba Inu (SHIB) Price Bounces: What Might Happen in 48 Hours? Is Solana (SOL) Price Crash Over? Toncoin (TON) Secures Death Cross

Author: Content Editor
The article discusses the recent price movement and potential future trajectory for three different cryptocurrencies: Shiba Inu (SHIB), Solana, and Toncoin.

For SHIB, the article notes that the price has recovered after testing the 100 EMA support level. Bulls are actively defending key price thresholds, and the next 48 hours will be important in determining the short-term trajectory. Breaking above the $0.00017 resistance level could indicate a stronger recovery, while a failure to reach this level may lead to consolidation. The 100 EMA remains a crucial support level going forward.

Regarding Solana, the article suggests that it is poised for a rebound after finding support around $138. Declining trading volume and the weakening bearish momentum indicate a possible change in market sentiment. If support holds, Solana could recover to the $150-155 region, but a decline toward $130 is possible if the support level fails. Traders should monitor Solana's price action surrounding this crucial support level for clearer direction.

For Toncoin, the article highlights a bearish signal known as a death cross, which occurs when the 50-day moving average crosses below the 200-day moving average. This suggests growing bearish momentum and the potential for a deeper retracement. The article mentions the challenges for Toncoin's recovery, including low trading volume and a lack of bullish catalysts. If key support levels are not held, Toncoin could experience a significant decline, potentially revisiting the $5.00 range or lower. Although the death cross is not always a reliable indicator, traders pay close attention to it as a crucial technical signal.

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