Shiba Inu Loses Vital Support: Critical State of SHIB, Ethereum to Hit $4,000? Solana Might Show Massive Reversal SoonDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
Bearish signals are also visible in the relative strength index, which is hovering near the oversold area at 44. This suggests that there may be room for a price bounce, but the next move will largely depend on how the market feels overall. Investors need to monitor the $0.00002310 support level closely.could be on the verge of hitting $4,000 as the price remains stable and does not drop below the bottom of the trading channel at around $3,700.
The price action in Solana is creating what appears to be a bullish setup on the chart. Around $163, the 26-day moving average is a strong support level that the price is presently trading above. This support has remained stable, halting additional drops and indicating that buyers are intervening at this point.As the price rises further, the 50-day moving average is beginning to turn upward, which may indicate the start of a new upward trend.
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