Shiba Inu (SHIB) has hit a pause after its impressive rally, slipping by 3.22% to $0.00002524. This minor correction has sparked debates among traders about whether SHIB is gearing up for its next big move or bracing for a deeper pullback.
Chart Analysis: What to Watch for SHIB
- Support levels:
- $0.00002400: Immediate support zone to hold for a potential rebound.
- $0.00002153: Stronger support that could act as a safety net.
- Resistance levels:
- $0.00002807: Key resistance level, tested during yesterday’s rally.
- $0.00003000: Psychological barrier that may reignite bullish momentum.
With Shiba Inu consolidating, its ability to maintain support levels will dictate its next move. As always, traders should stay alert for shifts in market sentiment.
Solana Price Prediction: SOL Nears $215 – Is $220 Within Reach?
Solana (SOL) continues its strong upward trajectory, trading at $210.25 after a slight consolidation. The surge has been fueled by its network activity surpassing Ethereum, driving both adoption and investor interest.
Technical Analysis: Key Levels to Watch
- Support levels:
- $186.87: Strong base, now flipped from resistance.
- $181.58: The 20-day EMA, acting as a dynamic support level.
- Resistance levels:
- $212.55: Immediate barrier, marking today’s intraday high.
- $220.00: Psychological target that could open the door to $230.00.
Solana’s performance highlights its growing influence in the blockchain space. The next few sessions will be critical in determining whether SOL can maintain its momentum and test new highs.
