Shiba

Solana

Bitcoin

April

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-developments-in-bitcoin-and-altcoin-markets/" data-wpel-link="internal">Key Developments in Bitcoin and Altcoin Markets</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/koronavirus-cokusunden-bu-yana-ilk-kez-oluyor-bitcoin-asiri-satim-bolgesine-girdi" data-wpel-link="internal">Bitcoin</a></strong> halving is expected to occur just over a day from now. This event is anticipated to create unique optimism for a bull run in 2024, potentially leading to new all-time highs in <a href="https://en.coin-turk.com/bitcoin-price-dynamics-amid-israel-iran-tensions/" data-wpel-link="internal">Bitcoin</a> prices. Despite being related to <a href="https://coin-turk.com/bitcoin-ve-kripto-para-birimi-kullanmayi-ogrenmek-zorundasiniz" data-wpel-link="internal">BTC</a>, top altcoins like Solana (SOL) and <a href="https://en.coin-turk.com/shiba-inu-faces-a-11-price-decline-amid-speculations-of-a-major-token-burn/" data-wpel-link="internal">Shiba</a> Inu (<a href="https://en.coin-turk.com/shiba-inus-expected-development-announcement-from-the-shiba-coin-team/" data-wpel-link="internal">SHIB</a>) are reaching significant levels with serious increases.</p> 
<h2 id="sol-s-200-target">SOL’s $200 Target</h2> 
<p style="text-align: justify">With a market cap of $62 billion and ranked fifth among cryptocurrencies, the competitive smart contract token surged to $141 on Thursday, showing signs of a trend reversal. Investors, noting a 4% increase in trading volume to $5 billion on CoinMarketCap, might be ready to re-enter the game. The sudden interest in SOL long positions, supported by a strong rising trend line, underscores a modest 7.25% increase in value.</p> 
<p style="text-align: justify">The next few days will be crucial for Solana, determining whether $200 is attainable or if investors need to brace for turbulent times between the $120 support and $150 resistance. If the Relative Strength Index (RSI) continues its rise from near oversold conditions, Solana’s price could gain momentum and close the gap to $200.</p> 
<p style="text-align: justify">Solana’s position is below two key moving averages. The 50-day Exponential Moving Average (EMA) and the 20-day EMA suggest that bulls might currently be at a disadvantage. This also means that Solana’s price might need an extra push to validate its long-term bullish thesis towards $200.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-341939 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/sol-1.jpg" alt="" width="1542" height="717"></p> 
<h2 id="latest-on-shib">Latest on SHIB</h2> 
<p style="text-align: justify">The popular meme token <strong>Shiba Inu</strong> showed durability and a strong recovery. This rise followed a downtrend earlier in the day. Investors and market watchers have noticed this sudden increase. With a market cap of $13.4 billion, it ranks 11th among cryptocurrencies.</p> 
<p style="text-align: justify">The last 24 hours saw a slight decrease in trading volume by 2.84%, reaching approximately $565.38 million. Over the past few days and extending into previous weeks, <strong>SHIB</strong> has experienced a period of consolidation. This consolidation occurs at a critical point for the cryptocurrency, particularly as the broader crypto market has faced a downturn since April 8, making investor actions increasingly significant.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/key-developments-in-bitcoin-and-altcoin-markets/" data-wpel-link="internal">Key Developments in Bitcoin and Altcoin Markets</a></h5>

Key Developments in Bitcoin and Altcoin Markets

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