The cryptocurrency market is currently focused on Bitcoin's attempt to regain its bullish momentum after a steep correction caused by the US announcement of a strategic crypto reserve. Despite a recent rebound, Bitcoin is struggling to maintain upward momentum and break through important resistance levels. Failure to recover $95,000 may lead to a decline with support levels at $87,800 and potentially $80,000. On the other hand, a clear breakout above $100,000 could reignite bullish sentiment. Solana experienced a sharp price spike but was rejected at the $170 resistance level, indicating that sellers still have control. The immediate resistance for Solana is in the $170-$175 range, with support levels at $150 and $140. The rally in Solana's price was driven by profit-taking, and it remains uncertain if the rally can sustain or further declines are likely. SHIB has been struggling to break above the 26-day Exponential Moving Average (EMA), with bearish pressure and declining trading volume. A breakout above the 26 EMA and maintaining above $0.00001550 could potentially lead to a move towards $0.00001700 or $0.00001800, but without strong buyer inflow, long-term upward movement is uncertain. Overall, both Solana and SHIB face challenges in their attempts to recover and regain bullish momentum.



Other News from Today