Shiba Inu, Bitcoin, and Solana: Key Levels to Watch Amid Market Volatility

Shiba Inu's Struggles Continue

Shiba Inu (SHIB) is experiencing a surge in trading volume, but this uptick isn't accompanied by positive momentum. Currently priced at $0.00001322, SHIB is stuck in a downtrend despite reclaiming a key resistance level. The increased volume may indicate selling pressure rather than genuine accumulation, as the price fails to show significant upward movement.

A breakout above $0.00001508 could signal a potential shift in momentum. However, without buyer intervention, SHIB risks further decline toward $0.00001200. The descending trendline remains a major barrier, and the current volume spike, occurring during a downtrend, suggests declining retail interest and liquidity.

Bitcoin's Crucial Resistance Test

Bitcoin (BTC) is attempting to breach the $90,000 psychological barrier, currently trading at $89,994. A successful breakout could open the door to $94,000 and $98,000, potentially leading to a rally toward $105,000-$110,000. However, rejection at this level could send BTC back to support zones near $85,000 or lower.

Market sentiment remains mixed, with buyers showing interest at lower levels but lacking the strength to push BTC above $90,000. A high-volume close above this resistance could confirm fresh bullish momentum, while a rejection might trigger a broader market correction, increasing altcoin volatility.

Solana's Uptrend Faces Hurdles

Solana (SOL) has rebounded from recent lows, regaining the $147.48 level and entering a local uptrend. However, broader market indicators suggest caution. Moving averages remain bearish, and the approaching death cross between the 50-day and 200-day EMAs could signal further downside.

If SOL breaks below $130, the recovery could be invalidated, pushing the price toward the $100 psychological level. A death cross would likely deepen the correction, making it harder for bulls to sustain momentum. However, a persistent rise above $170 could signal a bullish resurgence.

Each of these cryptocurrencies faces critical technical and market challenges, with price action heavily influenced by broader macroeconomic conditions and investor sentiment.