U.Today – is on a forceful upward trajectory and if current momentum continues, the price could approach $200 by mid-November. Strong market sentiment is reflected in SOL’s price action as growing investor interest brings the company closer to expected levels. Solana has experienced a massive rally in recent weeks, breaking through multiple resistance levels and is currently trading around $175.
The psychological level of $200, as well as $163 and $180 are crucial price levels that investors should pay attention to. The previous SOL support level of $163 could represent a reversal point in case the price experiences a short-term pullback. Given historical resistance, at this level SOL would need to maintain momentum above $180 to consistently approach $200.
At $200, SOL could achieve more than a momentary high if it can continue to rise without realizing significant profits. It will take time to consolidate gains and establish a forceful support base near the highs, so this milestone will not be reached in a few days. On the chart, Solana’s bullish trajectory is supported by its forceful position above the 50 and 100 EMAs. Longer term, we could even see targets above $200 if the asset continues to appreciate at higher levels, especially if other relevant assets continue to rise.
remains relevant
The lack of interest from recent investors is the main factor preventing the Shiba Inu from entering a consistent upward trend. According to network data suggesting a diminutive influx of recent buyers, only around 2-3% of SHIB holders fall into the recent category. Shiba Inu may have lost its appeal due to low levels of recent investor involvement, especially as the market continues to be cornered by more ultra-liquid, high-risk meme coins.
Meanwhile, other recent meme coins are attracting both experienced and novice investors looking for quick profits on waves of volatility and speculative hype. These newer tokens often act more like cryptocurrency casinos, attracting transient users who want to profit from rapid price swings.
Given that it no longer offers the same explosive growth potential as in previous years, SHIB appears rather unattractive in such an environment. The latest Shiba Inu price chart shows that the asset is struggling to move higher and appears to be stuck in a tight range.
Without interest in recent purchases, SHIB has no strength to break through the 200-day moving average, marked with the black line on the chart. If SHIB fails to attract recent investors, it will likely remain narrow or even lose ground as existing holders gradually reduce their positions. In summary, the Shiba Inu’s market performance is hampered by its inability to attract recent investors. While it was once a leader in the meme coin market, it now faces stiff competition from newer buggy coins that serve a market that favors quick speculative profits.
Bitcoin really close
With Bitcoin’s price currently hovering just a few hundred dollars below the $73,000 level, it is approaching its previous all-time high. A forceful near-term uptrend and higher trading volumes have supported recent growth. Despite these remarkable results, there are indications that market abolition may be imminent. One of the main concerns is that despite its strength, this rally may not be sustainable enough to sustain in the long run.
Bitcoin has broken the long-term resistance line, as seen on the chart, which may signal the end of a multi-month consolidation phase. However, such quick and pointed moves often involve speculative trading, increasing the possibility of sudden reversals as investors lock in profits. Bitcoin’s climb to recent all-time highs has always been erratic. As the market processes rapid gains, each breakout is usually followed by a consolidation or slight pullback. If Bitcoin encounters psychological resistance at or near its previous high, the rally could follow a similar pattern.
Additionally, the Relative Strength Index shows that Bitcoin is approaching overbought territory, which often occurs before momentum slows. If a rebound occurs, Bitcoin could test recent support levels in the coming weeks.
Recent moving averages suggest that near-term supports at $67,000 and $64,500 may be levels worth keeping an eye on. These can act as a stop to any declines before a possible continuation of the upward trend.
