Solana

<h2 id="header-0">SOL Chart Shows Potential Bullish Reversal Patterns</h2><a href="https://cryptosnewss.com/solanas-soaring-success-in-2023-a-year-of-milestones-and-challenges/" rel="noopener noreferrer nofollow">Solana</a> appears to be forming an inverse head and shoulders pattern on its chart, which is typically seen as a bullish signal. However, for this setup to materialize and spur gains, SOL must break through resistance at the neckline.The inverse head and shoulders represents a series of higher lows, with the middle dip lower than the two surrounding ones. A break above the neckline confirms the pattern and suggests further upside may unfold.On the other hand, a rejection at this level risks invalidating the bullish formation and extending Solana’s downtrend. The move at the neckline will be pivotal in determining SOL’s trajectory.Adding to the bullish cues is an impending golden cross of SOL’s 50-day and 200-day moving averages. But the neckline remains the crucial barrier to flip the outlook positive.<h2 id="header-1">Shiba Inu Remains Shackled By Long-Term Downtrend</h2><a href="https://cryptosnewss.com/category/meme-coin/" rel="noopener noreferrer nofollow">Meme coin</a> Shiba Inu continues facing significant selling pressure within an entrenched downtrend. Its daily chart highlights an aggressive declining trendline that has overridden any brief upside moves.After exploding in popularity in 2021 and attracting immense retail interest, SHIB has been unable to overcome the persistent forces weighing on its price. The harsh long-term bearish channel remains intact.___________________________________________________________________________________________Stay connected with us on <a href="https://news.google.com/publications/CAAqBwgKMLrrowwwzOOyBA" rel="noopener noreferrer nofollow">Google News</a>, <a href="https://t.me/cryptosnewsss" rel="noopener noreferrer nofollow">Telegram</a>, <a href="https://twitter.com/NewssCryptos" rel="noopener noreferrer nofollow">Twitter</a>, and <a href="https://www.facebook.com/profile.php?id&#61;100089949049302" rel="noopener noreferrer nofollow">Facebook</a> to stay updated on the latest developments and engaging discussions in the realm of Crypto News.Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.Originally published at <a href="https://cryptosnewss.com/solana-faces-pivotal-moment-as-it-nears-key-neckline-resistance/" rel="noopener noreferrer nofollow">https://cryptosnewss.com</a> on October 19, 2023.

Solana Faces Pivotal Moment as It Nears Key Neckline Resistance

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