In the current cryptocurrency landscape, Solana (SOL) remains below both EMA5 and EMA21, signaling ongoing challenges for the coin’s price action. Similarly, Shiba Inu (SHIB) faces persistent selling pressure, reflecting a turbulent market environment for the token. Meanwhile, amidst these fluctuations, the community surrounding Furrever Token (FURR) is thriving, surpassing 4,300 members on Telegram as the project’s sixth presale stage gains momentum.
Solana (SOL) Continues to Trade Below EMA5 and EMA21
Ranked fifth behind Bitcoin (BTC) with a market capitalization of $75.5 billion, Solana (SOL) has not been able to overcome selling pressure. With the horizontal support at $174 broken, selling pressure on Solana (SOL) has intensified. Currently trading at $172.46 with a 0.05% increase, Solana (SOL) struggles to recover.
Unable to break free from the downward trend since last week, Solana (SOL) has faced increased selling pressure after breaking below the horizontal support at $174. Despite testing the $164 horizontal support two days ago and bouncing back to $172, prospects for Solana (SOL) do not seem favorable. Analysis of the chart reveals EMA5 crossing below EMA21, indicating price suppression. Until daily closures occur above EMA5, it is expected that selling pressure will increase for Solana (SOL). Support levels to monitor include $164.50 and the EMA55 at $160.22.
Continued Selling Pressure on Shiba Inu (SHIB)
Shiba Inu (SHIB) continues to hold its twelfth position behind Bitcoin (BTC) with a market capitalization of $16.00 billion. Having reached its peak value for this year in March 2024 at $0.00004567, Shiba Inu (SHIB) has lost 40% of its value within a month. Today, Shiba Inu (SHIB) is trading at $0.00002747 with a 0.15% loss, indicating ongoing selling pressure.
Shiba Inu (SHIB) Chart Analysis
Ranked twelfth behind the leading cryptocurrency Bitcoin (BTC), Shiba Inu (SHIB) tested $0.00004567 in March, reaching its peak value for 2024. Unable to resist subsequent selling pressures, Shiba Inu (SHIB) is currently priced 40% lower. Upon analyzing the Shiba Inu (SHIB) chart, it appears unlikely for the price to rise unless daily closures occur above the downward trendline we’ve drawn. Currently trading below both the EMA5 and EMA21, Shiba Inu (SHIB) may experience increased selling pressure. Investors should exercise caution until the price reclaims the EMA5, potentially preventing further losses.
The investment information, comments, and recommendations provided here are not within the scope of investment consultancy. Investment consultancy service is provided individually, taking into account individuals’ risk and return preferences. The content, comments, and recommendations provided here, which are in no way directive, are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results in line with your expectations.
Furrever Token (FURR) Community Surpasses 4,300 on Telegram as Sixth Presale Stage Gains Momentum
Furrever Token (FURR) is emerging as a formidable player in the cryptocurrency realm, attracting attention for its robust growth prospects and enticing investor incentives. With each presale stage witnessing significant capital influx, Furrever Token (FURR)’s ascent remains unstoppable, now at an impressive sixth stage with over $770,000 raised.
Offering the potential for up to 15X returns per presale stage, Furrever Token (FURR) presents an irresistible opportunity for investors seeking lucrative ventures in the crypto market. Priced competitively at $0.00048, Furrever Token (FURR) provides an accessible entry point for those looking to capitalize on its projected upward trajectory.
Central to Furrever Token (FURR)’s allure is its vibrant and engaged community, boasting over 4,300 active members on its official Telegram channel. Serving as a dynamic hub for discussions, collaborations, and updates, Furrever Token (FURR)’s community enhances the investment experience for all involved.
Looking ahead, Furrever Token (FURR)’s strategic roadmap outlines ambitious plans to solidify its position in the meme coin market through innovative features, strategic partnerships, and targeted marketing initiatives. With a clear vision for expansion, Furrever Token (FURR) is poised for sustained growth and increased market value.
In summary, Furrever Token (FURR) presents an enticing investment proposition, supported by strong fundamentals, a thriving community, and promising growth prospects. As Furrever Token (FURR) progresses towards its milestones, early investors stand to reap significant rewards from its bright future.
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The post The Big Three of 2024: Solana (SOL), Furrever Token (FURR), and Shiba Inu (SHIB) Explosive Growth Predictions appeared first on Crypto News Land.
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