Shiba Inu (SHIB) Delivers Grim Volume Signal, Bitcoin (BTC): Is it Trying to Break $90,000? Solana (SOL): Days Before Recovery?

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Is Crypto Doomed? 😩

<a href="https://usdaed.com/shib-usd/">Shiba Inu</a> (<a href="https://investment-policy.com/shib-usd/">SHIB</a>) Delivers Grim Volume Signal, <a href="https://pricpr.com/btc-usd/">Bitcoin</a> (<a href="https://investment-policy.com/btc-usd/">BTC</a>): Is it Trying to Break $90,000? Solana (<a href="https://investment-policy.com/sol-usd/">SOL</a>): Days Before Recovery?

Trading volume for Shiba Inu is rising significantly, eh? 📈 But let me tell you, my friend, these circumstances are as encouraging as a swamp monster’s smile. 👻 While a spike in volume usually means growing momentum and interest, it’s happening during a downtrend for SHIB. Imagine a clown trying to juggle flaming bowling pins during a thunderstorm – not exactly a recipe for success! Despite regaining an important resistance level, SHIB has been stuck in a downtrend for the last few months, like a fly caught in a spider’s web. 🕷️

At its current price of about $0.00001322, the asset is having difficulty gaining significant upward momentum. Even with the recent increase in trading volume, the price action is still muted, suggesting that sell-side pressure rather than actual accumulation is probably responsible for the majority of this volume. Think of it like a party where everyone is leaving with empty plates. 🍽️ One of the main resistance barriers is still the descending trendline.

SHIB would have to rise above $0.00001508 in order to indicate a possible change in momentum. But, let’s be realistic, will buyers actually step in and save the day? If not, a further decline toward $0.00001200 is still possible given the current bearish structure. Remember, a spike in volume usually follows a robust uptrend on bullish markets, which supports price increases. This volume increase, however, is taking place in a declining market for SHIB. 

Such a situation usually means that retail interest is declining, liquidity is drying up and larger players are pulling out of their positions. More price drops as opposed to recoveries are frequently preceded by this kind of volume pattern. The increased volume may cause further downside as selling pressure increases if SHIB is unable to break above its major resistance levels. 

Bitcoin’s battle

Bitcoin is attempting once more to break a crucial resistance level that has been limiting its upward momentum, the $90,000 mark. The cryptocurrency is currently attempting to overcome this psychological barrier following a dramatic rebound from its most recent lows, which has investors wondering if this time will be different. Will it finally break free? 🤞

At the moment, Bitcoin is trading at about $89,994, just below the significant resistance level of $90,000. A successful breakout could pave the way for additional gains; the critical $98,000 level and $94,000 are the next important targets. BTC may return to lower support zones if it is rejected at this level, which could lead to another pullback. 

As traders assess global macroeconomic factors, liquidity conditions and overall risk appetite market sentiment is still mixed. Although the recent rebound from $85,000 indicates that buyers are intervening at lower levels, it is unclear if they are strong enough to push Bitcoin above $90,000. Will they

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2025-03-06 04:08