Optimism towards the meme coin has increased as a result of the Shiba Inu's recent recovery above the 100 EMA at $0.0000230. But this recovery is still not enough to verify the legitimate trend reversal. Although it is a positive move, reclaiming the 100 EMA is not enough to change the downtrend that has dominated SHIB for weeks. A big problem hindering GrayThe rebound's decline in trading volume.

The lack of significant buying interest indicates low trader conviction, despite the high price. Often times, this discrepancy in price volume indicates a fragile rally that may be difficult to sustain over time. A break above the 200 EMA, which is currently acting as a critical resistance near $0.0000250, is necessary for SHIB to make a significant trend change.

The asset may move towards the $0.0000300 range, which is a psychological barrier if it closes above this level, indicating stronger upward momentum. If SHIB cannot maintain its position above the 100 EMA, it may retest the support at $0.0000205. The last line of defense for bulls will be the 200 EMA below.

Downward pressure could be renewed and the recovery attempt invalidated if a breakdown occurs below these levels. Although SHIB's recent downtrend has been halted by a rebound, it is still too early to call for a complete reversal.

At this moment, Gray It is at a turning point, and its future actions will likely determine the token's short-term outlook. If trading volume remains low, traders should prepare for another pullback or wait for a break above $0.0000250 to confirm bullish strength.

Solana breaks through

With 13% of its value recovered in the last few trading sessions, Solana has made a huge comeback. However, there were signs of seller resistance, and the recovery was cautious. Significant selling pressure is reflected in the large upper shadow on recent candlestick patterns, indicating difficulties the bulls are facing in trying to maintain bullish momentum.

Sol It is currently trading near $196 and approaching the 200 EMA, which is a crucial resistance level. If this level is successfully broken, it could pave the way for a push towards the $210 level, where there is more resistance. However, failure to break above these levels may lead to a bounce. Bulls have a safety net at $175, which is also the level that corresponds to the 100 EMA.

The shadow of the candlestick, which shows increasing selling pressure, indicates market indecision. This may be a result of short-term traders taking profits or due to a general lack of confidence in the long-term upside. The down channel visible on the chart increases the degree of uncertainty because the SOL must confirm a trend reversal with a clear breakout above the upper trend line.

Trading volume remains moderate, but there may be a stronger rebound supported by increased buying interest. Short term price action Solana It depends on its ability to break through the $200 to $210 range. A break above this level could signal the start of a longer recovery that could lead to $230.

Ethereum is recovering

Since Ethereum recovered from crucial support levels near $3,200, its recent price action has drawn attention. This recovery coincides with... Ethereum Reclaiming the 50 Exponential Moving Average, an important technical indicator that is frequently interpreted as a pivot in momentum. The probability of a push towards the crucial psychological resistance of $4,000 has increased as a result of a break above this level.

Ethereum witnessed a gradual decline before bouncing back, testing its strength in a flexible range of $3,200. If ETH can maintain momentum, a recovery from this level will indicate the potential for a new uptrend to emerge. As Ethereum aims to reach $4,000 as the next major hurdle, a break above $3,500 could serve as the next confirmation.

In order to continue this gathering, Ethereum He needs to first hold his position above the 50 EMA and consolidate above $3,500. This would indicate that market participants have regained their confidence and buying interest. A rise towards $4,000 becomes possible if these conditions are met, with additional resistance near $4,200. However, there are still risks.

If the 50 EMA is not maintained, there may be a bounce towards $3,300 or even $3,050. Ethereum's bullish breakout would be delayed by such a move, which could also indicate a prolonged consolidation. Ethereum's ability to break through important levels with strong volume support will determine much of its short-term trajectory. As the asset returns to bullish territory, the ongoing recovery indicates that investors are watching it closely.

Ethereum could spark renewed optimism in the market and pave the way for new highs, if it can break the $4,000 level. The speed of Ethereum's next big move will be determined by the immediate support at $3,300 and resistance at $3,500, so traders should keep an eye on these levels in the meantime. The outlook is currently cautiously optimistic.