Support Weakens, RSI Nears Oversold Levels

Previously, SOL held strong at $114.57, but that support has given way. The Relative Strength Index (RSI) stands at 44, signaling mild overselling. While momentum had shown signs of recovery, the latest price dip casts doubt on a clear reversal. Traders remain cautious amid mixed signals.

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Solana’s DeFi ecosystem is growing rapidly, as capital inflows push TVL to new highs. However, the positive on-chain metrics haven’t translated into price support. The $120 pivot zone has been broken, leaving $135 as the next resistance — if momentum recovers.

$200M Unlock Adds to Volatility Risk

On-chain data reveals a $200 million token unlock is imminent, creating concern over potential short-term selling pressure. As new supply enters the market, price volatility could spike. The outcome will largely depend on how well liquidity absorbs the increase in circulating tokens.

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Our rising wedge formation, which has been creating an upward trend in RNDR for a long time, broke down and fell. The price, which filled the gap created by the fall, seems to have the potential to rise again. Currently, if the price decides to rise to fill the gaps it left above and also retreats with a re-test movement to the breakout point, we can see if the declines will continue.

The critical point now is whether a reaction will be received from the lower band of the breakout. If the price manages to get back into the wedge, the expectation of a decline will be shelved and a new uptrend will start.

Stochastic RSI is currently giving a very nice bullish signal and the intersection after the extreme lows is shown as a bullish signal by Stochastic RSI.

The situation on the RSI side is the same, it gives positive signals for the upward trend. If the expectation is realized, the price may rise to the breakout zone.

Render  (RNDR) Market Data

• Market Cap: $1,698,480,925 (#45 Ranking)
• Volume (24h): $138,778,410 (#35 Ranking)
• Volume / Market Cap (24h): %6.55
• Circulating Supply: 376,146,336 RNDR (%70.06)
• Total Supply: 531,039,933 RNDR
• Maximum Supply: 536,870,912 RNDR
• Fully Diluted Market Cap: $2,424,502,203

You can easily buy and sell RNDR Tokens on Global Exchanges such as Binance, BitGet, Kucoin, Mexc, Houbi and Gate.io. If you want to benefit from the discount link specially defined for Coin Engineer followers, you can use our referral code by clicking on the exchange you want to register.

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We are evaluating the chart formation by Shiba Inu, market trends, trading volume, and possible future moves. SHIB seems to be about to complete a double bottom formation on the daily chart. It is currently at the neckline and if it can break this line upwards and close above it, an uptrend may begin. However, we have an order block at the 0.011 level just above the neckline, and this is an important resistance point. This point may create some difficulties for SHIB and we may expect a small horizontal movement. If it manages to overcome this area, it can easily rise to the already targeted 0.014 level.

The MACD indicator is currently in a positive state and supportive of the rise. If the neckline is broken, we may start to see green volume blocks on the MACD indicator. Also, it currently seems to be in the volume accumulation phase.

The RSI indicator is also in a positive state and has managed to jump above the 70 level. Thus, our indicator, which is going from the rise to the descent, is in a state that will fully support the upward movement in the region.

Shiba Inu (SHIB) Market Data

Market Value: $6.03 billion (1.87% increase, ranking: #16)

Daily Trading Volume: $466.34 million (55.81% increase, ranking: #20)

Trading Volume / Market Value (24s): %7.73

Circulating Supply: 589.35 trillion SHIB

Total Supply: 589.59 trillion SHIB

Full Market Value: $6.03 billion

You can easily buy and sell SHIB INU Token from Global Exchanges such as Binance, BitGet, Kucoin, Mexc, Huobi, and Gate.io. If you want to take advantage of the discount link defined exclusively for Coin Engineer followers, you can use our referral code by clicking on the exchange you want to register.

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