Shiba

Token

Solana

Shiba Inu

<a href="https://furrevertoken.com/?ref_url=tbt-solshibfurr-b-18042024" target="_blank" rel="noopener noreferrer nofollow"><img src="https://cdn.thebittimes.com/images/2024/04/18/1713455787.webp" width="800" height="450" style="display: block; margin-left: auto; margin-right: auto;"></a>
In the midst of ongoing market fluctuations, investors are closely monitoring the trajectories of prominent cryptocurrencies. Solana (SOL) faces scrutiny amidst persistent selling pressure, prompting questions about its potential downside. Meanwhile, Shiba Inu (SHIB) holders observe with cautious optimism as signs emerge suggesting a halt in its recent decline, potentially heralding an upward trend. Amidst this volatility, <a href="https://furrevertoken.com/?ref_url=tbt-solshibfurr-b-18042024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token (FURR)</a> emerges as a beacon of stability and promise, offering investors respite from the uncertainties surrounding SOL and SHIB.
Where Could Solana (SOL) Drop to Amid Continuing Selling Pressure?
Ranked fifth with a market capitalization of $58.40 billion behind Bitcoin (BTC), Solana (SOL) continues to face selling pressure. Rising from $17 in September 2023 to $210 in March 2024, Solana (SOL) tested $116 last week. While consolidating around the EMA100 for five days now, Solana (SOL) is currently trading at $130.73, down by 0.84%.
<img src="https://lh7-us.googleusercontent.com/4_38pRePJqfc-fzits9o7rJaKqCCWTgEeOC3mFU3ef4U0yMXIMue6PyLNsfWuP_yY_swfgUZREJt61ObIY5IIgRNz8-Q42Y1IoISYvzzVMr5iin03moQ4V4xAbznIDFzmMP1XuX6HSzx8PIDCz8EEw" width="604" height="302" style="display: block; margin-left: auto; margin-right: auto;">
Solana (SOL) Daily Chart Analysis
After rising from $17 to $210 from September 2023 to March 2024, Solana (SOL) later succumbed to selling pressure, hitting $116 six days ago. Upon analyzing the daily chart, we see that Solana (SOL) has been attempting to stay above the EMA100 support for six days, and today, with the EMA5 crossing below the EMA100, a downward movement is possible. Currently trading at $130.73, down by 0.84%, if the decline continues in Solana (SOL), it could retest $116. For the downward trend to end, Solana (SOL) needs daily closures above the EMA5 at $137.50. It would be beneficial for investors to ensure that the downward trend has ended before opening new positions to prevent potential losses.
Has the Decline in Shiba Inu (SHIB) Stopped, Signaling a New Upward Trend?
With a market capitalization of $12.83 billion, Shiba Inu (SHIB), ranked eleventh behind the leading cryptocurrency Bitcoin (BTC), has halted the downward trend it began in March. Amidst news of conflicts in the Middle East, Shiba Inu (SHIB) dropped to $0.00001830, but has held above the EMA100 for six days now. Starting the day negatively, Shiba Inu (SHIB) is currently trading at $0.00002178, down by 1.22%.
<img src="https://lh7-us.googleusercontent.com/YG6DwXuNtOd_05Qkg9QpQC8kq-JEVJtaYAHHahpgii_C3e52S5cNmFw5b8zX7Zv5GMgl3AZtNrEBij2QudRXNXZV525lBXGtohmDpowbLbaYUhKmEx4ANi2mQpg178tQJtkqUySZrDoqIMOVO9b9WQ" width="604" height="300" style="display: block; margin-left: auto; margin-right: auto;">
Shiba Inu (SHIB) Chart Analysis
After reaching $0.00004567 in March 2024, Shiba Inu (SHIB) entered a downward trend, declining to $0.00001830. However, for the past six days, it has stopped this decline and continues to consolidate within a narrow range. Upon examining the chart, we see that Shiba Inu (SHIB) retraced to the EMA100 support level and has remained above it. As long as it stays above the EMA100, which is at $0.00002075, we can say that the downward movement for Shiba Inu (SHIB) has ended and it could make an upward move at any moment. Daily closures above the EMA100 indicate that the first resistance levels for Shiba Inu (SHIB) are the EMA5 levels at $0.00002246 and $0.00002252. If daily closures occur below the EMA100, selling pressure may increase again, leading to a pullback towards $0.00001687.
The investment information, comments, and suggestions provided here are not within the scope of investment consultancy. Investment consultancy services are tailored to individuals considering their risk and return preferences. The content, comments, and suggestions provided here, which are in no way directive, are of a general nature. These suggestions may not be suitable for your financial situation or risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results consistent with your expectations.
Furrever Token (FURR): A Bright Spot Amid Solana (SOL) and Shiba Inu (SHIB) Volatility
Amidst the turbulent waters of Solana (SOL) and Shiba Inu (SHIB) in the crypto market, <a href="https://furrevertoken.com/?ref_url=tbt-solshibfurr-b-18042024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token (FURR)</a> emerges as a beacon of promise for investors seeking stability and potential returns. Unlike its counterparts grappling with market uncertainty, Furrever Token (FURR) presents a refreshing twist to the crypto landscape, infused with an adorable charm that's hard to resist. Priced at $0.000564 currently, Furrever Token (FURR) holds the allure of substantial gains, with post-presale projections aiming for $0.0009, potentially offering returns of up to 15X.
Diverging from the seriousness prevalent in many blockchain ventures, Furrever Token (FURR) takes a lighthearted approach, focusing on creating a whimsical crypto ecosystem centered around the universal appeal of adorable kittens. Beyond the traditional crypto utilities, Furrever Token (FURR) prioritizes delivering a delightful user experience while nurturing a sense of community and shared joy. Its user-friendly platform, adorned with cute cat imagery, integrates features like cat-themed stickers, emojis, and visuals, enhancing user engagement and project growth.
With a total token supply of around 9 billion, Furrever Token (FURR) ensures inclusivity by dedicating 65% of tokens to its presale, while locking additional allocations for DEXs and the team for a year, instilling confidence in the project's longevity.
Already garnering over $820,000 and progressing through its presale phase, Furrever Token (FURR) exhibits organic growth and genuine community engagement. Its commitment to security and compliance is underscored by smart contract audits conducted by Securi Lab and the absence of buy and sell taxes during transactions. Active moderation on platforms like Telegram, boasting nearly 4,000 organic members, ensures prompt responses to community inquiries and concerns.
For Solana (SOL) and Shiba Uni (SHIB) investors seeking stability amidst market fluctuations, Furrever Token (FURR)'s promising returns, transparent operations, and vibrant community render it an appealing option for long-term investment ventures in the crypto realm. Secure the Most Exclusive Presale Opportunity of 2024 Today! <a href="https://furrevertoken.com/?ref_url=tbt-solshibfurr-b-18042024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token Official Website</a>&nbsp; |&nbsp; &nbsp;<a href="https://buy.furrevertoken.com/?ref_url=tbt-solshibfurr-b-18042024" target="_blank" rel="noopener noreferrer nofollow">Visit Furrever Token Presale </a> <a href="https://t.me/FurreverToken" target="_blank" rel="noopener noreferrer nofollow">Join Official Telegram Group</a> &nbsp; &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/navigating-crypto-volatility-solana-sol-s-potential-drop-shiba-inu-shib-s-stability-and-furrever-token-furr-s-promising-outlook-tbt85722.html">https://thebittimes.com/navigating-crypto-volatility-solana-sol-s-potential-drop-shiba-inu-shib-s-stability-and-furrever-token-furr-s-promising-outlook-tbt85722.html</a>

Navigating Crypto Volatility: Solana (SOL)'s Potential Drop, Shiba Inu (SHIB)'s Stability, and Furrever Token (FURR)'s Promising Outlook

TheBitTimes

Other articles published on Apr 18, 2024

Analysts Warn of Prolonged Downturn As $1.7 Billion Worth of Bitcoin Is Transferred to “Accumulat...

Bitget’s COO Leads Discussion on Cryptocurrency’s Future at Blockchain Life Week 2024

Coingecko’s Q1-2024 Crypto Industry Report

BNB Drops to Key Support Level: Is a Price Rebound Likely?

Trader Says Bitcoin Could Surge by 35% if BTC Overcomes Critical Level, Updates Outlook on Ethere...

NEAR Price Plans A Launch Amidst Market Correction To Hit $9

Join our free newsletter for daily crypto updates!