Shiba Inu (SHIB) is showing signs of a potential reversal as it breaks above a significant resistance level and tries to establish a bullish trend. Strong volume support could lead to additional gains. The coin is currently trading at $0.0000156, fighting against the resistance of $0.0000165. If it breaks through this level, the next targets are $0.0000170 and $0.0000185. SHIB needs to maintain support at $0.0000145 to prevent further drops. The resurgence of whale activity is seen as a positive indicator for SHIB's future.
Solana (SOL) has stopped its downward spiral and is leveling off in a critical support range. The mass departure of speculative traders and the rise in scam activity caused setbacks for the asset. But Solana remains a significant player and has shown stability in the $170 range. If buying momentum picks up, the next resistances to watch are $192 and $201. However, there is a possibility of retesting recent lows around $150.
Ethereum (ETH) has seen a significant price rise, indicating some respite for investors after recent market turbulence. The partial restoration of confidence after the Bybit security incident has been a driving force behind the upswing. Ethereum is still below the 50-day and 200-day EMAs, suggesting a complete trend reversal has not yet been verified. A clear move above the $3,000 resistance level may confirm a more robust bullish continuation. Increased trading volume and changing market sentiment indicate renewed interest from both retail and institutional investors. However, Ethereum may still face challenges despite the recovery.
Content Editor ( u.today )
- 2025-02-24
Shiba Inu (SHIB) Breaks Crucial Resistance, Solana (SOL) Plummeting Finally Stops, Ethereum (ETH) Price Grows, Damage Negated?
