Pepe (PEPE) Enormous 200% Rally Continues, Shiba Inu (SHIB) About to Break Fundamental Resistance, Solana (SOL) Made It

Cover image via U.Today

TradingView data reveals a substantial 21% surge for PEPE in recent days. The asset has breached the $0.00001 threshold and aims to surpass its all-time high. Key indicators to monitor include:

• Moving averages support: The 50, 100, and 200 EMAs are trending upwards, providing a solid foundation for PEPE's bullish trajectory.
• Ascending trendline: This trendline has acted as a reliable support level, ensuring PEPE's upward momentum. PEPE/USDT Chart by TradingView
• Momentum indicators (RSI): The RSI is approaching the overbought zone, suggesting potential short-term pauses before further gains. However, as long as it remains above the midline, the bullish trend should persist.

Volume: The increase in volume indicates strong buying interest, which is crucial for sustaining the bull run.

Shiba Inu's Revitalization:

Shiba Inu faces a crucial resistance level at the 50 EMA. Recent price action suggests buyers' determination to overcome this barrier. With room for growth, SHIB requires one final push.

• Volume surge: Increased trading volume is a positive sign, indicating buying interest among investors.
• Market recovery: The overall market recovery remains a key factor for SHIB's success.
• Breakthrough potential: A successful breakout would signal the start of a more extended upward movement.

Solana's Breakthrough:

Solana has broken through a key resistance level, establishing a foothold above the 50 EMA.

• **$160 threshold:** Solana has surpassed the $160 price point, requiring bullish conviction to maintain its momentum.
• Resistance levels: Solana faces resistance at $175 and $190, historical resistance levels.
• Support level: Support is likely around $145, a previous price reversal point.
• Volume: Increased trading volume indicates strong buying interest, which is necessary for the uptrend to continue.
• RSI: The RSI hovers around the midline, suggesting potential for further upward momentum.

Solana's recent breakout above the 50 EMA and the $160 mark is a bullish sign. With increased trading volume and positive RSI indicators, the outlook appears promising. The $175 and $190 resistance levels, as well as volume, are crucial factors to watch. If Solana maintains this momentum, it could potentially reach even higher price levels.