- Solana is nearing a bullish golden cross, signaling a potential breakout above key resistance levels, while Bitcoin eyes a new all-time high around $120,000 backed by strong technical support.
- Meanwhile, ShibaInu shows early signs of revival with a possible rally toward $0.00002 if it breaks through critical moving averages with solid volume.
Solana is nearing a bullish golden cross, signaling a potential breakout above key resistance levels, while Bitcoin eyes a new all-time high around $120,000 backed by strong technical support. Meanwhile, Shiba Inu shows early signs of revival with a possible rally toward $0.00002 if it breaks through critical moving averages with solid volume
Solana (SOL) on the Verge of a Bullish Breakout
Solana is flashing powerful bullish signals as it eyes a golden cross—a highly anticipated technical pattern where the 50-day EMA crosses above the 200-day EMA. Currently trading around $166, SOL has already broken above the 50-day ($160) and 100-day ($158) EMAs. A confirmed golden cross would suggest a major shift from bearish to bullish momentum, igniting investor optimism.
The RSI has climbed to 56, comfortably below overbought levels, and rising trading volume strengthens the case for a continued uptrend. However, a tough resistance looms near the $180 mark, a level that previously triggered a rejection. If SOL breaks above $180 with conviction, the next target could be the psychological $200 mark.
Also read: Bitcoin Price to Hit $130K: Bitwise CEO Predicts End of Sell Pressure as Supply Tightens
Bitcoin Eyes $120,000 as Bullish Momentum Builds
Bitcoin is once again approaching uncharted territory. Currently priced near $109,900, BTC is teasing its all-time high of $112,000. A recent bounce from the $105,000 support, coupled with a higher low formation and consistent support from the 50-day EMA ($105,650), paints a textbook continuation pattern.
Market sentiment suggests BTC hasn’t yet entered the euphoric phase that often precedes a sharp correction. With strong support at the 100-day ($97,903) and 200-day ($92,303) MAs, the path to $120,000 appears wide open—unless short-term retail greed derails the rally.
Shiba Inu (SHIB) Sets Sights on $0.00002
SHIB is showing signs of a potential breakout as it tests key exponential moving averages—the 50-day ($0.00001392) and 100-day ($0.00001417). Trading near $0.00001343, SHIB has already moved above the 26-day EMA, an early indicator of bullish momentum.
If SHIB pushes past the 100 EMA with strong volume, the next target is $0.00001554, with $0.00002 as a stretch goal. While volume remains relatively low—raising some caution—the RSI is on the rise, suggesting more room to run.
Crypto markets are heating up, with Solana, Bitcoin, and Shiba Inu showing promising technical setups. While resistance and volatility remain challenges, these assets could be gearing up for significant moves. Traders should stay alert—crypto momentum may just be entering its next explosive phase.
