The focus of the cryptocurrency market again shifted to Bitcoin, as he seeks to restore his bull impulse. Significant recovery followed after a steep correction in which Bitcoin for a moment fell below 92,000 US dollars, which caused the US announcement of a strategic crypto reserve.
Initially, this news gave market hope that led to the growth of bitcoins and other cryptocurrencies. But the rally did not last long. Sentimental moods quickly changed and became bearish again when international markets opened. When the sellers returned control and returned the price, Bitcoin could not maintain his rising trajectory.
Now in $ 92,664, Bitcoin is still trading aside and is experiencing problems with confirmation of a breakthrough of up to $ 100,000. The recent rebound seemed encouraging, but its rapid decrease increases the likelihood that it was rather a transitional answer than a real recovery. Bitcoin is still traded below important resistance levels, and the ascending impulse seems to be reduced.
To set a step towards a psychological barrier in the amount of $ 100,000, Bitcoin should break more than $ 95,000 and remain above this level to confirm the change. There is more chances to reduce if Bitcoin cannot return $ 95,000, since $ 87,800 is the next significant level of support. If this is broken, the sale of sales can increase and raise bitcoin closer to $ 80,000. And vice versa, a clear breakthrough above $ 100,000 can rekindle bull sentences and attract new investors.
The fascinating performance of Solan
Solana experienced a sharp surge in prices, briefly reached $ 170 before faced with strong resistance and fall again. Although this step first offered a possible breakthrough to the decisive level of $ 200, the refusal shows that the bulls could not maintain an impulse. Despite this, the market sees a surge of the volume of trading, which suggests that the interest of investors is high.
The 26-day exponential sliding average, which is an important sign of changing trends, was surpassed SOLANA during its last rally. The price quickly turned and fell below this mark, indicating that sellers are still responsible at the moment. Currently, SOL is trading about $ 161, and immediate resistance is $ 170-175.
Obtaining 180 dollars can open a door for another push to $ 200, with an increase in the purchase pressure. Levels of $ 150 and 140 are important levels of support below. A decrease below these areas can speed up the sale process and lead to additional losses. A sharp increase in the volume of trading is one of the remarkable features of the price action of Solana.
At first, this led to the rally, but a sharp refusal to higher levels indicates that making a profit, and not new purchases, make up a significant amount of volume. It is unclear whether the SOL rally has sufficient strength to last, or further decline, probably. The volatility of the market is emphasized by the sharp growth of Solan and equally sharp fall.
Despite the encouraging increase in the volume of trade, the fact that he could not remain above 26 EMA indicates that the sellers are still under control. A steady move above $ 170 would indicate bull Nes, but another decrease in $ 150 is still possible if Sol continues to fight at the resistance level.
Shiba inu sees a surge
Recently there was an attempt to break through above the 26-day exponential sliding medium (EMA), but this step was false, once again catching bull merchants before the price fell. At the moment, the Shiba is traded about 0.00001410, without a significant upward impulse.
For the price of Shiba, a breakthrough above 26 EMA is still a critical barrier. The fact that the recent attempt to advance above was quickly turned away, shows that sellers still have the upper hand. SHIB can move to $ 0.00001700 or even $ 0.00001800 if it can successfully restore this level and support more than 0.00001550 US dollars.
Nevertheless, a constant refusal in the regions of resistance suggests that the bull impulse is still absent. Currently, the reducing trade volume is one of the most alarming aspects of Shib. Despite the fact that activity briefly increased, the volume continuously falls, which indicates that interest in the asset weakens. In the absence of a reliable influx of the buyer, any alleged attempts of a breakthrough may not have the strength necessary for long -term movement up.
Local pressure holds prices, and Shib is still in a dangerous position. The bull impulse can be revived by a breakthrough above 26 EMA, but the absence of volume and frequent false -fuel implies caution. Shiba’s chances of a significant recovery are still unclear, unless he can restore important resistance levels and attract interest in buying.
