Bitcoin Nears Critical Resistance at $96,885; Shiba Inu and Solana Face Key Technical Levels

Bitcoin's Critical Resistance Test

Bitcoin is nearing a decisive resistance level at $96,885, a make-or-break point for its potential push toward $100,000. While the asset trades above its 50, 100, and 200 EMA, indicating bullish momentum, declining volume and overbought RSI levels suggest waning strength. A failure to breach this resistance could lead to a correction toward $89,000-$92,000, delaying the long-awaited six-figure milestone.

Shiba Inu's Potential Breakout

Shiba Inu is showing signs of life after a prolonged consolidation. Testing the 26 EMA, a successful breakout could propel SHIB toward the 100 EMA at $0.00001400. Rising volume and strong support at $0.00001270 suggest a bullish reversal may be imminent, reigniting the meme coin's upward momentum.

Solana's Struggles Continue

Solana is faltering at the 100 EMA near $151, a level that has become a psychological barrier. Despite a recovery from March lows, lackluster volume and repeated rejections signal underlying weakness. A failure to overcome this resistance could lead to a retreat toward $133, with a potential bearish pennant formation adding to the downside risks.