Shiba Inu Shows Signs of Market Reversal After Months of Decline Solana Maintains Upward Trend Despite Lack of Golden Cross Bitcoin Approaches Crucial Resistance Level at $110,000-$112,000

Shiba Inu (SHIB) has shown signs of a potential market reversal after months of decline and low trading activity. Currently trading at approximately $0.0000113, SHIB is exhibiting a slight but noticeable local uptrend despite the overall weakness in the meme coin market. The cryptocurrency has been consolidating above a critical support range between $0.0000095 and $0.0000110, which has consistently absorbed selling pressure over the past few weeks. The Relative Strength Index (RSI) has moved out of the extremely oversold area and is currently trading close to 42, indicating that bearish momentum is waning.

Historically, these averages have often signaled the start of countertrend rallies. If the price can retest and break through the next cluster of resistance, especially the 50-day Exponential Moving Average (EMA) around $0.00001286, it would support the claim that the asset is transitioning from a downtrend into a more extensive recovery phase. However, volume remains comparatively muted, suggesting that traders should not expect an explosive breakout. The local trend of higher lows indicates that buyers are gradually regaining confidence. If SHIB can continue to rise and recover to the $0.0000130-$0.0000140 range, it will provide stronger evidence that the market is entering a reversal scenario rather than just another dead cat bounce.

Solana (SOL) has been maintaining an upward trend despite the absence of a golden cross, a common technical catalyst that traders look for. A golden cross occurs when the 50-day moving average crosses over the 200-day moving average, often indicating a significant change in market sentiment. Currently trading at approximately $147, SOL is working to stabilize above the $140 support level. Since June, the local price structure has produced a series of higher lows, indicating a phase of modest accumulation that could progress into a longer-term advance.

The 100-day and 200-day moving averages are closely clustered in the $160-$165 range, representing a formidable ceiling. Solana's rallies have frequently been capped below $170 over the last quarter, which can be attributed to this convergence of resistance. The RSI, currently trading close to 48, suggests that SOL is not yet overbought and has the potential to rise if buying interest resumes. The volume, which has remained relatively stable during recent pullbacks, indicates that larger holders are not liquidating their positions in bulk. Traders should keep an eye on three crucial levels: the $140 level needs to remain a local floor to preserve the integrity of the upward trend.

Bitcoin (BTC) is once again at the center of market speculation as it approaches a crucial resistance level that could determine its course in the coming weeks. Currently trading at approximately $107,400, Bitcoin is consolidating below a descending trendline that has limited its gains since the last significant rally. The cryptocurrency is getting closer to the $110,000-$112,000 range, which could serve as the starting point for a significant move toward the eagerly anticipated $120,000 breakout. There is currently no clear indication of market sentiment, as the trendline's repeated rejections show a lack of conviction and new capital inflows.

The rally is primarily driven by momentum traders and short liquidations rather than broad-based buying. A breakout above $112,000 would invalidate the declining pattern and pave the way for a surge into the $120,000 region, which is also a psychological benchmark extending the previous breakout measured move targets. However, caution is advised. With the RSI circling 51, there is ample space for volatility to go either way. The market may struggle to maintain an impulsive move in the absence of fresh spot demand, as volume remains muted compared to strong spikes seen in earlier expansions. If Bitcoin is unable to overcome resistance, it could retrace toward the 100-day moving average close to $100,500, potentially causing sentiment to return to uncertainty.