From Investing.com:

Shiba Inu (SHIB) has broken down from its consolidation phase, failing to maintain its position in the ascending triangle pattern. Prices breached key support at $0.000009, tumbling further to $0.0000087, indicating a shift from accumulation to distribution. SHIB may find temporary support at $0.0000082, but a reversal would require a substantial influx of buying pressure.

Solana (SOL) has developed a slow and steady ascending channel, suggesting a controlled uptrend. If price action remains strong within the upper half of the channel and challenges the upper trendline, we could see Solana embark on a more aggressive rally. Momentum would likely be supported by increased trading volume and positive developments within the Solana ecosystem.

Ethereum (ETH) is exhibiting waning momentum, struggling to maintain its hold on the market. The price is on a downward trend, edging closer to the local 26-day Exponential Moving Average. If Ethereum fails to hold this level near $2,465, it may descend to test the more significant 50 EMA at around $2,300. Investors are bracing for more volatility and understanding that sustainable gains are a long-term journey.



Read more: Shiba Inu (SHIB) Rapidly Breaks Down, Ethereum (ETH) Loses Traction, While Solana (SOL) Presents Hidden Opportunity By U.Today