My people, get comfortable because I have the hot gossip from the crypto neighborhood! ☕️ There are three heavyweights that have us on the edge of our seats: Solana (SOL), XRP, and Shiba Inu (SHIB). And the story is that, according to experts, they are still not ready to take off like a rocket! 🚀
Solana: The "golden cross" that turned into a tale of the road 💔
First, let's talk about Solana, the one many have as their pride and joy! Recently, it gave us hope with a possible "golden cross", which is like the signal that the price will rise like foam. But, oh my! 🤦♂️ The lines met like "ships in the night" (how poetic!) and separated without a care. This means that SOL lacks punch, it lacks that energy to go up.
Right now, SOL is sweating bullets below some key levels. It couldn't stay above $150 and is now around $143. And the volume? Down the drain! 📉 As they say, "no volume, no party". People are not buying with enthusiasm, and the RSI (which is like the thermometer of traders' mood) is around 40, meaning, not much conviction! If the market doesn't get its act together, SOL could keep dragging or even drop further. That failed "golden cross" took away the bullish narrative, so watch out, it could go back to $125. Stay alert!
XRP: The tug-of-war that convinces no one? 🤷♀️
Now it's XRP's turn. The buddy recovered a bit after a drop to $2.10 and is now trying to surpass the 26-day EMA (which is like a barrier). If it breaks it with volume, it could be a good sign! Before, it found support at the 200-day EMA, forming a "descending wedge", which is usually a good sign for a rebound.
But here comes the "but": the volume remains "not impressive" (how elegant!) and the whales (those who have millions) are not accumulating strongly. The RSI is neutral, meaning, neither here nor there. If XRP can break that 26 EMA barrier and stay above it, we might see it at $2.30 or more. But if not, it could return to $2.10-$2.00. For now, be cautious! It has potential, but it lacks that spark. ✨
Shiba Inu: Fake recovery or with silk legs? 🐕🦺
And to close with a golden touch (or not so much), we have Shiba Inu (SHIB). It recovered a bit, returning to the $0.0000120 zone. The RSI came out of "oversold", which is good. But, beware! There's a "shooting star" in the candles (a pattern that indicates things could end quickly). It's like a sign of fatigue.
The volume remains low, which does not help to believe that the rebound is real. SHIB has strong resistance at the 26-day EMA, close to $0.0000134. It needs to break that strongly for people to start believing it means business. Meanwhile, with those strange candles and low volume, it's better to proceed with caution and not get too excited!
Moral of the story: Don't get too comfortable yet! 🧐
In summary, although Solana, XRP, and Shiba Inu show "signs of life" (as my grandmother would say), their rebounds are like walking on thin ice. Solana lost its "golden cross", XRP does not have the volume it needs, and SHIB, although it looks strong on paper, has warning signs. So, my people, don't rush ahead. Patience is a virtue in this crypto world. Let's keep watching! 👀$XRP $SOL $SHIB
