🚨 Market Momentum Update: $SOL
SOL– Golden Cross Rejected ❌
Solana’s anticipated golden cross has failed to materialize. The 50 EMA could not cross above the 200 EMA, signaling waning bullish momentum. SOL now trades below all major moving averages, hovering near $143 after losing the $150 support. With RSI drifting in the low 40s and declining volume, a drop toward $125 remains a real possibility without renewed market strength.
– Breakout Brewing or Fakeout? ⚠️
XRP is attempting to break above the 26 EMA after rebounding from the $2.10 level and finding support at the 200 EMA. A clean move above could target $2.30, but low volume and neutral RSI raise doubts. Unless stronger buying pressure or whale interest emerges, this rally could fade as a false breakout.
SHIB At a Technical Crossroads 🐶
Shiba Inu has recovered to $0.0000120 on improving RSI, but a bearish shooting star on the daily chart signals caution. Volume remains subdued, and the 26 EMA resistance at $0.0000134 could cap further upside. Without a strong breakout, SHIB may retrace and lose its recent gains.