CandleFocus Shiba Inu (SHIB): This Price Move Not Enough, Solana (SOL) Gets 13% Back: Only Beginning? Ethereum (ETH) Massive Price Drive to Begin Here?
2024-12-26
Author: Content Editor
The recent recovery of Shiba Inu (SHIB) above the 100 EMA is seen as a positive move but not enough to confirm a trend reversal. The declining volume of trading is hindering SHIB's recovery, suggesting low trader conviction. Breaking above the 200 EMA is necessary for SHIB to establish a significant trend change. Solana (SOL) has made a significant comeback, but there are indications of seller resistance. The recovery has been cautious, with significant selling pressure reflected in candlestick patterns. SOL is approaching the 200 EMA, a crucial resistance level, and breaking above it could lead to further gains. Ethereum has recovered from crucial support levels and regained the 50 EMA, sparking optimism for a push toward $4,000. Holding above the 50 EMA and consolidating above $3,500 would indicate a new bullish trend, while a retracement towards $3,300 or $3,050 would delay the breakout. Ethereum's ability to break through key levels with strong volume support will determine its short-term course.
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Ethereum (ETH) Massive Price Drive to Begin Here?