
Ethereum (ETH) Sees 10x Volume Surge, Shiba Inu (SHIB) Stuck Between Key Levels, Solana (SOL) Breakdown: Is $300 on Horizon?
As the cryptocurrency market continues to navigate through the current bearish trend, recent price action has seen some interesting developments. Ethereum (ETH), in particular, has witnessed a 10x volume surge, which raises questions about its potential sustainability.
The absence of significant trading activity that accompanied this trendline breakout is among the most alarming indicators. If trading activity does not significantly increase, this move’s sustainability is still in doubt.
Meanwhile, Shiba Inu (SHIB) continues to find itself stuck between crucial levels. Despite its recent gains, it seems as though the asset has hit a roadblock, and investors are struggling to gain enough momentum for a decisive breakout.
Solana (SOL), on the other hand, has experienced a breakdown below key resistance levels, leaving many wondering if we can expect to see prices potentially drop to $300 or even lower in the near future.
Source: u.today