Solana Struggles at $210, Bitcoin Drops Below $100K, SHIB Faces Bearish Pressure

Generated by AI AgentCoin World
Wednesday, Feb 5, 2025 6:30 am ET1min read
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I have created a summary of the news articles related to cryptocurrencies, focusing on the main points and removing any references to specific media outlets, advertisements, and other irrelevant information. Here is the summarized news: 1. * Solana's price has been struggling to break the $270 resistance for the past three months, pushing the cryptocurrency into a vulnerable position. * The cryptocurrency is currently trading below $210, at risk of losing crucial support levels. * The broader market's weakness and investor behavior are further amplifying this downturn. * Solana's price prediction suggests a potential rebound if it can hold above the $201 support level and start to recover. 2. * Bitcoin's price is currently sitting at $98,026, with an intraday change of -1.07%. * Technical indicators SMA & RSI show a bearish action, suggesting a negative outlook. * The BTC price is trading at a discount of 10.02% from its ATH of $108,268.45. * The cryptocurrency market has lost ~2.25% to its valuation in 24 hours, with a trading volume of $190.85 billion. * The global crypto market cap is currently valued at $3.22 Trillion. 3. * Shiba Inu (SHIB) has recently faced significant bearish pressure, breaking below key support levels, and investors are wondering if this is the start of a deeper decline or a rebound. * The SHIB price has dropped to $0.00001614, with the RSI indicating oversold conditions, hinting at a potential short-term bounce. * The breakdown below key support levels raises concerns about further downside risks. * The price of SHIB is currently trading below critical resistance zones, and the recent breakdown suggests a lack of buying interest. * Macro market conditions could be playing a role in SHIB's price drop, as Bitcoin (BTC) and other major cryptocurrencies are showing weakness. 4. * ARK Invest's latest "Big Ideas 2025" report identifies five key technological platforms

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