Shiba

Token

Solana

Shiba Inu

<img src="https://cdn.thebittimes.com/images/2024/04/06/1712367660.webp" width="800" height="450" alt="">
Shiba Inu (SHIB) currently finds itself below the critical EMA5 and EMA21 levels, indicating persistent selling pressure. Meanwhile, the question looms over Solana (SOL)'s ability to maintain its position above the $174 horizontal support threshold. In a contrasting scenario, <a href="https://furrevertoken.com/?ref_url=tbt-shibsolfurr-b-06042024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token (FURR)</a> has garnered an impressive $660,000 in its presale, promising potential returns that could multiply investments by 15-fold.
Shiba Inu (SHIB) Trading Below EMA5 and EMA21
Shiba Inu (SHIB) continues to hold its twelfth position behind Bitcoin (BTC) with a market capitalization of $15.7 billion. Midweek, Shiba Inu (SHIB) saw a decrease in selling pressure and closed yesterday with a 5.20% increase at $0.00002770. However, today, Shiba Inu (SHIB) is experiencing another decline, currently trading at $0.00002705 with a 2.35% decrease.
<img src="https://lh7-us.googleusercontent.com/SS27rrFtxzIMEzWcb6Ix8TMxLmQ4MiFvccjzXg_oufhLUBVRCe0ZYB-rFQaNABM7hJD8wB9w5yPZOXzuhW7APX5A02EqIbtGbJcRaVhvIvSJXj1JkJlpph7YNB7G1TNPoOY1sQ_bm-ARkZmJdrbt7A" width="604" height="304" style="display: block; margin-left: auto; margin-right: auto;">
Having surged up to $0.00004567 particularly in March, Shiba Inu (SHIB) is now down by almost 40%. Upon examining the Shiba Inu (SHIB) chart, it's evident that it's trading below EMA5 and EMA21, indicating sustained selling pressure. With EMA5 crossing below EMA21, should the selling pressure persist, the initial support zone would be at EMA55, around $0.00002383, and horizontal support at $0.00002252. On the upside, the first resistance levels would be at EMA5, around $0.00002757, and EMA21, approximately $0.00002807.
Will Solana (SOL) Hold at $174 Horizontal Support Level?
Ranked fifth behind Bitcoin (BTC) with a market capitalization of $78.14 billion, Solana (SOL) has been under significant selling pressure since the beginning of the week, starting from the $205 level. This pressure persists as Solana (SOL) started the day at $1.84 and continues trading at $175.13 with a 4.82% loss.
<img src="https://lh7-us.googleusercontent.com/PW5CXM6Klp2UwWUdXI2WfIBnN2PHJYbXDLbZW9va6oAHpxjwerg1lrPonWZ-jW8zZpJwTYOIcn5nBj0Sqs4iLeY7pNHfHJj7Bm-eaReHnGJZb9ytBC-q_Ui9tnHT1U54VmFEfMvjZvmXyoPM6HT9yw" width="604" height="300" style="display: block; margin-left: auto; margin-right: auto;">
Experiencing selling pressure since the beginning of the week from the $205 level, Solana (SOL) continues to face this pressure. Upon examining its chart, Solana (SOL) is currently below both EMA5 and EMA21. Attempting to stay above the $174 horizontal support level for now, the success of Solana (SOL) in doing so will be seen in the coming days. Should the selling pressure persist and Solana (SOL) close below $174 on a daily basis, the initial support levels would be at $164 and the EMA55 region at $155. On the upside, the initial resistance zones would be at EMA21, around $180, and EMA5, approximately $182.
The investment information, comments, and recommendations provided here are not within the scope of investment consultancy. Investment consultancy services are provided based on individuals' risk and return preferences. The content, comments, and recommendations provided here, which are not directive in any way, are of a general nature. These recommendations may not be suitable for your financial situation and risk-return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results consistent with your expectations.
Furrever Token (FURR) Secures Impressive $660,000 in Presale, Offering Potential 15-Fold Returns
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/standing-strong-in-cryptocurrency-market-turbulence-the-resilience-of-solana-sol-shiba-inu-shib-and-furrever-token-furr-tbt84617.html">https://thebittimes.com/standing-strong-in-cryptocurrency-market-turbulence-the-resilience-of-solana-sol-shiba-inu-shib-and-furrever-token-furr-tbt84617.html</a>

Standing Strong in Cryptocurrency Market Turbulence: The Resilience of Solana (SOL), Shiba Inu (SHIB), and Furrever Token (FURR)

TheBitTimes

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