CandleFocus Solana (SOL) Crashes, But Not as You Think, Shiba Inu's (SHIB) Comeback Potential, Don't Miss This Toncoin (TON) Volatility Pattern
2024-09-24
Author: Content Editor
The price of Solana (SOL) has dropped, potentially due to Ethereum's (ETH) recent price spike causing a relative crash in SOL compared to ETH. This is because rival layer-1 chains like Solana often perform worse than Ethereum during ETH's price surges. Despite this, Solana remains a strong project with active development and use cases. Traders and investors are also paying attention to Shiba Inu (SHIB), which is stabilizing and may be ready for a recovery. Important levels to watch for SHIB include $0.00001700 as resistance and $0.00001391 as support. Toncoin (TON) is displaying increasing volatility and traders should watch for a potential major price move. The 100-day and 200-day moving averages are key levels to break for TON. Immediate resistance is at $6.01, while support is at $5.56.
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