The trading volume for Shiba Inu (SHIB) is increasing, but it is happening during a downtrend, suggesting that sell-side pressure is the main driver. SHIB would need to rise above a specific price level to indicate a change in momentum, but if buyers don't intervene, a further decline is possible. The increased volume may lead to further downside if SHIB cannot break its major resistance levels.

Bitcoin (BTC) is attempting to break a crucial resistance level of $90,000, and if successful, it could pave the way for additional gains. However, market sentiment is mixed, and it is unclear if buyers are strong enough to push BTC above $90,000. A breakout above this level could trigger a rally towards $94,000 and possibly higher. On the other hand, a rejection could lead to another retracement and potential downside.

Solana (SOL) has rebounded from recent lows and is on a local uptrend. However, wider market indicators suggest caution, as moving averages are still bearish and a possible death cross formation could result in further declines. The risk of a death cross may be avoided if SOL continues to improve and regains important resistance levels.

Overall, the market conditions for SHIB, BTC, and SOL are uncertain, and further downside is possible if key resistance levels are not broken.



Other News from Today