The volume of bidding on the Shiba Inu is growing significantly, but the conditions associated with this rise are not encouraging. Although the surge of the volume often indicates an increase in the impulse and interest, the fact that it appears during the descending trend should be interpreted in a different way. Despite the restoration of an important level of resistance, Shib was caught in a descending trend over the past few months.
At its current price, about 0.00001322, assets have difficulties with a gaining significant increase in the impulse. Even with a recent increase in the volume of bidding, the price action is still used, which suggests that the pressure on the sales side, and not the actual accumulation, is probably responsible for most of this volume. One of the main barriers of resistance is still the descending line of the trend.
The Shibe will have to rise above 0.00001508 to indicate a possible change in the pulse. However, if buyers do not interfere, a further decline to 0.00001200 US dollars is still possible, given the current bear structure. Soon, the volume usually follows a reliable ascending trend in the bull markets, which supports price increase. This increase in volume, however, occurs on a decrease in the SHIB market.
This situation usually means that retail interest is reduced, liquidity dries, and larger players go out of their positions. More prices, in contrast to recovery, often precedes this kind of volume. An increase in volume can lead to a further drawback, since increasing the pressure of sales, if Shib cannot break above its main levels of resistance.
Bitcoin battle
Bitcoin once again tries to violate the decisive level of resistance, which limits his ascending impulse, a mark of $ 90,000. Cryptocurrency is currently trying to overcome this psychological barrier after a dramatic rebound from its last minimums, which makes investors ask if this time will be different.
At the moment, Bitcoin is trading in about $ 89,994, just below a significant level of resistance of $ 90,000. A successful breakthrough can make a path for additional benefits; The critical level of $ 98,000 and U.S. $ 94,000 are the following important goals. BTC can return to lower support zones if it is rejected at this level, which can lead to another rollback.
Since traders evaluate global macroeconomic factors, liquidity conditions and general mood of the risk appetite market are still mixed. Although the recent rebound of $ 85,000 indicates that buyers intervene at lower levels, it is unclear whether they are strong enough to push Bitcoin over $ 90,000.
BTC would indicate a fresh bull impulse, whether it can be closed above $ 90,000 with a large volume. With the next significant resistance level of $ 98,000, a confirmed breakthrough can cause a rally to $ 94,000 and, possibly, higher. In the coming weeks, Bitcoin can aim at a range of 105,000 to 110,000 dollars if it breaks above these levels, returning it to the course for another run.
A refusal can lead to another restoration if Bitcoin cannot surpass $ 90,000. A further decline can reduce bitcoin to $ 82,000, and $ 85,000 as direct support is direct support. BTC can even re -check the range from 78,000 to 80,000 dollars in a more serious decrease, which would put the bulls on the defense. The inability to violate $ 90,000 can also lead to a brief correction in a larger cryptocurrency market, which will increase Altcoin’s volatility.
The chances of Solan
Solana bounced from the recent minimums and now returned above $ 147.48, which indicates that he is on a local ascending trend. Nevertheless, wider market indicators show that caution is still necessary, despite this temporary respite. The average movements are still in a bear position, although the price of the salt is growing, and a possible mortal cross can increase the likelihood of further decline. With several green candles and a growing bull impulse, Solan recovered after a fall below 130 dollars.
If this zone is broken, an attempt to recover can be invalid, and Sol can fall to the psychological level of $ 100. The large technical structure is still concerned, despite the local upward trend. A deadly cross, a bear, which usually precedes a further deficiency, is more likely as a result of a 50-day and 200-day converging EMA.
This can make the salt into a more serious phase of correction if the death cross appears, which makes it difficult to maintain its rising impulse. Nevertheless, the risk of the mortal cross can be avoided if SOL continues to improve and restore important resistance levels. A constant increase above $ 170 would be a clear sign that the bulls return control.
