Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, June 30
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Brutal $60,000 Bitcoin (BTC) Reversal, Shiba Inu (SHIB) to Lose 13% in Next Few Days, Solana (SOL) Will Start Further Growth From $135
    Bitcoin

    Brutal $60,000 Bitcoin (BTC) Reversal, Shiba Inu (SHIB) to Lose 13% in Next Few Days, Solana (SOL) Will Start Further Growth From $135

    July 13, 20244 Mins Read


    Read U.TODAY on

    Google News

    Bitcoin has failed to regain a foothold above $60,000. Unfortunately, it is a negative sign for the asset’s future and might substantially affect the tempo BTC has been gaining on the market.

    The daily chart shows that substantial resistance amid Bitcoin’s recent attempts to break above the crucial $60,000 level. With the price of Bitcoin currently at $57,409, it is having difficulty staying above the 200 EMA, which is at $58,165. This barrier has proven to be quite strong, and if Bitcoin is unable to overcome it, more declines may be ahead. Further resistance levels are being provided by the 50 EMA at $60,487 and the 100 EMA at $62,667.

    BTC/USD Chart by TradingView

    The inability to break above these EMAs suggests that the market is currently in a bearish mood. With the Relative Strength Index (RSI) at 37 right now, it appears that Bitcoin is getting close to being oversold. But a reversal might not materialize unless there is a notable uptick in purchasing pressure. The performance of Bitcoin is also significantly influenced by the state of the market as a whole. Bitcoin’s failure to surpass $60,000 raises questions despite the market’s overall recovery.

    This level represents a significant psychological resistance level that traders and investors closely monitor, so its significance cannot be emphasized. The price of Bitcoin is affected by macroeconomic factors, in addition to technical ones.

    Shiba Inu’s failure

    Shiba Inu has failed to break through, retracing from $0.000017, ending the bullish streak we saw in the last few days. The trading volume dropped and returned below Wednesday’s result. There is a high possibility of a reversal toward lower values.

    According to a daily chart analysis, Shiba Inu is currently trading at $0.00001608, indicating a decrease from its most recent peak. The way the market is acting, it appears that SHIB has encountered significant resistance at the 50 EMA, which has prevented it from maintaining its trend upward. Investor sentiment has been depressed by this inability to overcome the crucial resistance level.

    The bearish outlook is further supported by the current technical indicators. As the asset approaches oversold territory, the Relative Strength Index (RSI) is showing 40. The trading volume has also drastically dropped, indicating a lack of interest from buyers and the possibility of further declines. A worrying indicator is the decreasing volume, which implies that the recent price increases were not backed by robust market activity.

    SHIB’s immediate support level is at $0.000015, but if the bearish trend persists, the price may drop even lower to test the next support level, which is at $0.000014. This potential 13% decline emphasizes SHIB’s vulnerability in the current market environment.

    Solana retraces

    Solana has joined the marketwide correction and moved down from the 100 EMA threshold at around $146. SOL was not able to break the $150 threshold, which leaves us with potentially decreasing momentum on the market, which would likely lead to another drop.

    Solana has demonstrated resilience by holding a position above the 200 EMA at $131, even though it is currently trading at $136. By acting as a potential launching pad for another growth phase, this support level has proven essential in halting additional declines.

    At immediate resistance levels, SOL must overcome the 50 EMA at $141 and the 100 EMA at $146.35 in order to start a new bullish trend. Solana’s price action indicates that it is consolidating and getting ready for its next move despite the recent decline. The asset is neither overbought nor oversold, according to the Relative Strength Index (RSI), which is at 47.

    In the event that buying pressure builds, this neutral RSI position allows for upward movement. Although there have been some fluctuations in trading volume, it has remained relatively stable, indicating that market participants are cautiously optimistic about SOL’s prospects. If volume increases significantly, Solana might gain the momentum needed to overcome resistance and aim for the $150 mark once more.

    About the author


    Arman Shirinyan

    Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

    Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleCanada’s Finance Minister Rejects Claim She’s In Conflict With Trudeau
    Next Article Crypto Analyst Predicts Bitcoin Decline From Here, But What Happens Next?

    Related Posts

    Bitcoin

    Le bitcoin a du mal à se briser à mesure que l’intérêt spéculatif sèche

    June 30, 2025
    Bitcoin

    Les principales cryptomonnaies progressent : le Bitcoin se maintient au-dessus de 107 000 $

    June 30, 2025
    Bitcoin

    Bitcoin toujours plat même si les baleines se cachent et se rallient

    June 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Data Council leads industry push for shared data standards across London market

    June 3, 2025
    Stock Market

    The Psychology of the Stock Market

    March 26, 2025
    Utilities

    Georgetown City Council considers raising rates for utility customers with high water usage

    July 26, 2024
    What's Hot

    Kings of Leon cancel UK and European tour after ‘freak accident’

    May 28, 2025

    Dow, S&P 500, Nasdaq futures rise as Trump touts ‘major’ US-UK trade deal

    May 8, 2025

    can you still make money as a UK landlord?

    May 21, 2025
    Most Popular

    Les 3 principales raisons pour lesquelles le prix du bitcoin viendra à un nouveau sommet de tous les temps

    May 6, 2025

    Stock Market Today: Stocks Hit Fresh Highs on Bank Earnings, Econ News

    October 11, 2024

    L’auteur « Rich Dad Poor Dad » émet le message de Bitcoin Winner

    June 6, 2025
    Editor's Picks

    Comment les équipes tech et finance peuvent collaborer pour lutter contre la fraude dans la gestion des frais professionnels ?

    March 25, 2025

    1 Top Cryptocurrency to Buy Before It Soars 6,200%, According to Cathie Wood of Ark Invest

    August 20, 2024

    Les prix du gaz européen volatils alors que Trump lève le moratoire sur les nouvelles licences d’exportation Par Investing.com

    January 20, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.