Shiba

Token

Solana

Shiba Inu

<img src="https://cdn.thebittimes.com/images/2024/05/08/1715166970.webp" width="800" height="450" alt=""> 
In the dynamic world of cryptocurrency, recent developments have brought both challenges and opportunities for key players in the market. Solana (SOL) faces a setback as it encounters resistance at the EMA55, signaling potential hurdles in its upward trajectory. Meanwhile, the selling pressure on Shiba Inu (SHIB) resurfaces, entering a falling trend once more, reflecting the ongoing volatility surrounding the popular meme coin. Amidst these fluctuations, <a href="https://furrevertoken.com/?ref_url=tbt-solshibfurr-b-08052024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token (FURR)</a> shines bright as it hosts a $10,000 giveaway to commemorate its successful presale, showcasing resilience and community-driven growth in the midst of market uncertainties.
EMA55 Setback for Solana (SOL)
Ranked fifth behind Bitcoin (BTC) with a market capitalization of $66.26 billion, Solana (SOL) encountered a setback at EMA55 in its rise from $118. After forming a double bottom pattern and breaking the downward trend, Solana (SOL) attempted to surpass EMA55 but failed and retraced. Currently, Solana (SOL) is trading at $146.27, down by 1.19%.
<img src="https://lh7-us.googleusercontent.com/SG1Mj2GifbTo7XKSyT_zYQPAmzx6DLsXKQ8qhVEqmxJD7lHiWc7z3FsJWTR8VJHQtrATgl3l9MKVVLj4eaTEGEhjG9WQbHQ9e6oKUh8j8hkwzxc-XjwMRH4Vj_injcALXNKR6bys2vfBVTA5bou7ZQ" width="604" height="303" style="display: block; margin-left: auto; margin-right: auto;">
Solana (SOL) Daily Chart Analysis
Ranked fifth in terms of market capitalization, Solana (SOL) continued its upward movement from $118 following the FED interest rate decision until it reached EMA55. Yesterday, Solana (SOL) attempted to surpass EMA55 but faced failure, leading to a retreat, and it continues to trade at $146.27. Upon examining its daily chart, we observe that Solana (SOL) is maintaining its trades close to the EMA5 support. As long as it remains above EMA5, I don't anticipate significant issues for Solana (SOL). If it falls below EMA5, the short-term support levels for Solana (SOL) would be $140.82 and the downward trend line at $133.50. In the event of a resurgence, short-term resistance levels for Solana (SOL) are $164.50 and $174.31.
Selling Pressure on Shiba Inu (SHIB) Enters Falling Trend Again
With a market capitalization of $13.57 billion, Shiba Inu (SHIB), ranked eleventh behind the leading cryptocurrency Bitcoin (BTC), broke its downward trend that began in March during April and May, but has once again entered a falling trend in both months. With selling pressure persisting, Shiba Inu (SHIB) is currently trading at $0.00002275, down by 1.00%.
<img src="https://lh7-us.googleusercontent.com/la3gb2VanT3atPrXpvURBYb0hfxkLo-Mxore_YV_MThMrWtoCny2yf1UKkr-B7C4VJDfayQu1zcuVcWwvOmEnPIpvY9mTC-gvpdtCZ4QMaNdyP1TNdPkhPIOVJZbNynN1RwJs9zT-i8TGtxl1MFJkw" width="604" height="303" style="display: block; margin-left: auto; margin-right: auto;">
Shiba Inu (SHIB) Chart Analysis
After rising to $0.00004567 in March 2024, Shiba Inu (SHIB) entered a downward trend, falling to $0.00001830. With each decline, Shiba Inu (SHIB) found strength from the EMA100 support to initiate an upward movement. Analyzing its daily chart, despite breaking the downward trend in April and May, Shiba Inu (SHIB) has been unsuccessful in sustaining an upward momentum and has once again entered a falling trend. Retreating towards the EMA100 support again, the short-term support levels for Shiba Inu (SHIB) are $0.00002252 and the EMA100 at $0.00002198. If it manages to break above the falling trend, short-term resistance levels for Shiba Inu (SHIB) can be observed at $0.00002800 and $0.00003200.
Furrever Token (FURR) Hosts $10,000 Giveaway to Celebrate Successful Presale
Furrever Token (FURR) stands out in the cryptocurrency realm with its enchanting features designed to provide users with a delightful experience. At the heart of its charm lies the incorporation of adorable cat imagery, including stickers, emojis, and visuals, adding a touch of whimsy to the world of blockchain. This playful approach distinguishes FURR, offering users an environment that transcends the seriousness typically associated with crypto projects.
In addition to its aesthetic appeal, FURR places a strong emphasis on community engagement, cultivating a warm and inclusive atmosphere where members bond over their mutual adoration for cute kitties. Through various challenges, events, and growth initiatives, users actively contribute to shaping the FURR ecosystem, strengthening the sense of camaraderie and shared joy. Complementing its focus on aesthetics and community, FURR remains dedicated to security and compliance, implementing robust measures to safeguard user interests and ensure a secure platform for all.
As Furrever Token commemorates its remarkable journey, it extends an invitation to enthusiasts to participate in the Furrever Token $10,000 Frenzy Bonanza Competition. With just two days left to join, this competition offers participants the opportunity to win a share of $10,000 worth of FURR tokens. Simply complete easy tasks on Gleam to accumulate points, increasing your chances of being one of the three winners. Join now to become a part of the Furrever community and win adorable FURR tokens! Don't miss out—join the competition today and let the frenzy begin! Join Furrever Token Presale Now: <a href="https://furrevertoken.com/?ref_url=tbt-solshibfurr-b-08052024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token Official Website</a>&nbsp; <a href="https://buy.furrevertoken.com/?ref_url=tbt-solshibfurr-b-08052024" target="_blank" rel="noopener noreferrer nofollow">Visit Furrever Token Presale </a><a href="https://gleam.io/Ns3H3/-furrever-token-10000-frenzy-bonanza-competition-" target="_blank" rel="noopener noreferrer nofollow">Join Furrever Token&nbsp; $10,000 Bonanza Competition </a><a href="https://t.me/FurreverToken" target="_blank" rel="noopener noreferrer nofollow">Join Official Telegram Group</a> &nbsp; &nbsp; &nbsp; <a href="https://twitter.com/FurreverToken" target="_blank" rel="noopener noreferrer nofollow">Follow Official X Account</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-sol-faces-ema55-setback-shiba-inu-shib-s-selling-pressure-returns-and-furrever-token-furr-launches-10-000-giveaway-tbt87755.html">https://thebittimes.com/solana-sol-faces-ema55-setback-shiba-inu-shib-s-selling-pressure-returns-and-furrever-token-furr-launches-10-000-giveaway-tbt87755.html</a>

Solana (SOL) Faces EMA55 Setback, Shiba Inu (SHIB)'s Selling Pressure Returns, and Furrever Token (FURR) Launches $10,000 Giveaway

TheBitTimes

Other articles published on May 8, 2024

Mastering Cryptocurrency: 8 Essential Trading Tips for Bitcoin (BTC) and Ethereum (ETH) Newbies

Elon Musk Unveils Essential Grok AI Update Impacting Cryptocurrency X (Symbol)

Solana’s SEALANA ($SEAL) Is Bringing Back Meme Coin Greatness, Raises $300,000 In Opening Week

Fans Petition to Reinstate Helldivers 2, Community Manager

Top Crypto Whales Accumulate Altcoins: Spotlight on Coin Names and Symbols

Key Stocks to Monitor: Dr Reddy’s, PB Fintech, L&T, Jaiprakash Associates, JSW Energy – A Compreh...

Join our free newsletter for daily crypto updates!