Bitcoin struggling to reach $100,000, Shiba Inu shows potential for turnaround, Solana forming bullish pattern.

From Investing.com

December 4, 2024 10:30:21 PM:

Bitcoin has hit a roadblock in its climb to $100,000, with resistance near $95,000 hindering its progress. Investors are cautious, leading to consolidation and decreased buying pressure. Additionally, a slight decline in Bitcoin’s dominance suggests money may be moving to other cryptocurrencies.

Shiba Inu’s unexpected 6% price increase hints at a potential turnaround, but hurdles remain. Overcoming resistance at $0.000033 is crucial for a rally reversal. Sustained volume levels and strong support at $0.000028 are needed to reach the next target of $0.00004. Failure to break resistance could lead to a bearish reversal.

Solana is forming a bullish flag pattern, signaling a possible reattempt at $300. Consolidation around current levels is vital for SOL’s strength. Breaking the flag’s upper boundary may lead to a spike toward $280 and $300. Failure to breach resistance could result in a retest of lower support levels at $202 and $187.

Read more at Investing.com: Goodbye to $100,000? Shiba Inu (SHIB) Explosive Top Comeback, Solana (SOL) to Attempt $300 Again By U.Today