The article discusses the current price action and key support levels for three cryptocurrencies: Solana (SOL), Shiba Inu (SHIB), and XRP.
Solana is facing selling pressure, and breaking above the descending trendline around $240 could lead to a move towards $260. On the other hand, a decline below the 26 EMA support at $213 could result in further declines.
Shiba Inu's ability to maintain above the 26 EMA support level indicates a possibility of short-term recovery. However, low volume suggests limited buying power. Breaking above the resistance level at $0.000030 could resume the upward trajectory, while a loss of 26 EMA support could trigger a bearish shift.
XRP is trading in a descending price channel and consolidating. Holding above the support levels suggests buyers holding their positions. Breaking out of the descending channel could target a move towards $2.80, while failing to maintain support around $2.20 could lead to a deeper correction.
Overall, the RSI for all three cryptocurrencies indicates a neutral position, suggesting potential for a major move depending on market reactions to support and resistance levels.
- Content Editor ( u.today )
- 2024-12-14
Solana (SOL) Critical, Here's Why; Key Shiba Inu (SHIB) Support Survives, Is Hidden XRP Volume Pattern Forming?