Terra, Solana, Shiba Inu Price Analysis: 15 April
Bitcoin was trading at $40.1k, just above an area of support at $39.5k. If Bitcoin sees a drop in the next few days, most of the rest of the altcoin market can be expected to follow. Terra and Solana appeared to be trading within a short-term range, although Solana had a more bullish outlook.
Source: LUNA/USDT on TradingView
In white is highlighted a short-term range that LUNA has been trading within for the past four days. The range lows and highs lie at $80.7 and $89.1. At the time of writing, the price of LUNA was $82.31 and rising.
The RSI was in bearish territory with a value of 41, but if it can break above neutral 50 in the next few hours, it would be a good sign for the bulls.
However, this was only a range, and $88-$90 should be used to book profits. The OBV has been in a downtrend for nearly ten days, and was likely to see more of the same.
Source: SOL/USDT on TradingView
SOL has also been trading within a range from $98-$108 for the past three days. Zooming out slightly further, a possible (but not perfect) descending triangle pattern (white) was spotted.
Therefore, if the price can break above the descending trendline resistance as well as the $108 resistance, it could be a sign of a bullish near-term trend.
The RSI was on the verge of crossing over above the neutral 50 line. However, the CMF was far beneath the -0.05 mark, which showed selling pressure was dominant in the SOL market.
Source: SHIB/USDT on TradingView
SHIB has also been trading within a range from $0.000025-$0.00002775, a near 10% difference from the lows. The CVD was quite flat as it flip-flopped from buyer to seller pressure but did not show significant pressure from either side in the past couple of days.
On a similar note, the Awesome Oscillator was
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