Cardano, Solana, and Shiba Inu face challenges, market trends unclear
According to U.Today, Cardano is facing tough times and the asset has fallen below the 200-day exponential moving average, which is usually considered a bear market signal. However, as ADA hits what some consider a local bottom, trading volumes are starting to pick up, which could signal a return of interest in ADA. Solana has seen a significant reversal on the charts recently. After a bullish run, SOL encountered rejection at the 26-day EMA and has since fallen sharply, breaking key support levels. However, for Solana, the situation is not so bad. If price stabilizes at the 100-day EMA and finds solid footing, it could provide the basis for a potential rebound. Shiba Inu is at an important turning point. Recently, SHIB suffered setbacks in its attempt to break above the 50-day EMA. This failure and subsequent pullback suggests that the meme coin’s momentum is fading. Currently, SHIB’s nearest significant support is at $0.000021, which if this level holds, could provide a springboard for a potential reversal.
Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.Address：https://www.j56.xyz/flash/6486.html
