The recent market decline has made it challenging for Shiba Inu (SHIB) to regain its bullish momentum. However, technical indicators suggest the possibility of a golden cross formation, which could support a robust recovery for SHIB. The asset has been consolidating close to its recent lows and has demonstrated resilience by holding onto its support level. Investors may see the current position of SHIB as an enticing entry point, as it has a history of significant breakouts after accumulation periods. To resume its bullish trajectory, SHIB needs to breach crucial resistance levels.

Solana (SOL) has experienced a significant price increase, indicating a possible reversal after a multi-week drop. SOL has recovered above $170 and is encountering resistance at $189, aligned with its 200-day moving average. Selling pressure is historically higher in the next resistance zone at $203-$210. Support for SOL is currently near $165, which has become a critical support zone after previously acting as strong resistance. SOL's recovery may be short-lived if the overall cryptocurrency market declines.

Ethereum (ETH) is showing indications of a possible recovery, with its price stabilizing above $2,700. However, it is facing challenges in recovering important moving averages. Resistance levels at $3,000 and $3,100 may hinder a full recovery, but an increase in volume suggests growing market interest. The $2,600 level is crucial support, and a decline to $2,400 or $2,200 is possible if ETH fails to maintain above it. Breaking above the 50-day moving average at $3,000 would indicate bullish momentum for a potential move toward $3,300 or even $3,500. The fate of ETH depends on macroeconomic events and the overall sentiment in the cryptocurrency space.



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