Market sentiment and technical data suggest potential breakout or decline for SHIB, Bitcoin, and Solana

From Investing.com

October 11, 2024 12:30:17 am:

Significant activity in SHIB has led to a spike in transactions, indicating interest from larger holders. The price is in a symmetrical triangle pattern, signaling a potential breakout. While a bullish trend is possible with resistance surpassing $0.000018, a downside break could lead to testing the $0.000016 level. Market sentiment and technical data are key factors to watch. Bitcoin continues to struggle in the $60,000 range due to lack of bullish momentum and market indecision. Stagnation is resulting in potential further declines unless bulls step in to push the price higher. Solana is testing a crucial ascending trendline support at $138, potentially signaling a rebound if maintained. Breaching resistance levels at $150 and $145 could lead to a more substantial recovery, while breaking support may lead to a further decline. The RSI suggests further upward momentum is possible, although market uncertainty remains.

Read more at Investing.com: What’s Next? Ethereum (ETH) to Dive Below $2,000? By U.Today