Shiba Inu (SHIB) Price Surge: What’s Next in 48 Hours? Is Solana’s (SOL) Decline Finished? Toncoin (TON) Hits Death Cross

Shiba Inu (SHIB) Shows Signs of Recovery

After testing the crucial 100 EMA support level, Shiba Inu (SHIB) has demonstrated a robust price recovery. Bulls are actively defending key price thresholds, and the next 48 hours could be critical in determining SHIB’s short-term trajectory.

Following a recent decline, SHIB found support near the 100 EMA, a technical level traders often regard as significant. Maintaining this line indicates that the bullish sentiment has persisted despite recent price drops. If market conditions stabilize, a strong recovery could spark another upward movement in the near future.

Key Price Levels to Watch

There are two primary price levels to monitor over the next 48 hours:

• Short-term resistance at $0.00017: If SHIB breaks above this level, it may signal resumed buying pressure and the potential for a more significant upward move.
• Support at the 100 EMA: This remains the most crucial support level for SHIB going forward. A clear break below could lead to additional downside, possibly testing the 50 EMA.

If bulls fail to maintain control, SHIB may lose momentum and retrace further in the coming days.

Solana (SOL) Shows Potential for Rebound

Following Solana’s recent breakthrough along its ascending trendline, many traders are closely monitoring signs of a potential reversal. After several days of price declines, Solana appears poised for a rebound, having found support around $138, a crucial level from its last bullish move.

Market Volume Insights

Trading volume has been steadily declining, forming a descending triangle pattern over the past few weeks. This decrease in sellers indicates that bearish momentum may be waning. As prices approach important support levels, declining volume typically signals that bears are losing conviction.

If Solana can maintain this support, a bounce could lead to a recovery towards the $150–$155 region, where its next resistance might lie. Conversely, if the support level fails to hold, traders should be prepared for a decline toward $130.

Toncoin (TON) Faces a Bearish Signal

The daily chart of Toncoin (TON) has displayed a death cross signal, a bearish indicator often associated with impending price declines. A death cross occurs when a short-term moving average crosses below a longer-term moving average.

For Toncoin, this death cross has been confirmed as the 50-day moving average crossed below the 200-day moving average. This crossover indicates growing bearish momentum and suggests the potential for a deeper retracement.

Market Challenges Ahead

The road to recovery for Toncoin appears challenging due to low trading volume and a lack of bullish catalysts on the horizon. If key support levels fail to hold, TON could experience a significant decline, potentially revisiting the $5.00 range or lower.

While the death cross is a crucial technical indicator, traders should be cautious, as it is not always a definitive signal of a price collapse.

Conclusion

In summary, Shiba Inu is showing signs of recovery, Solana is poised for a potential rebound, and Toncoin is facing bearish signals with its death cross. Traders should closely monitor key price levels and market dynamics over the coming days to navigate these developments effectively.