Solana, Shiba Inu, Fantom Price Analysis: 01 February

As the Bitcoin fear and greed index surged by 6 points over the last day, Solana registered double-digit 24-hour gains to reclaim the $102-support. Also, Fantom moved above its 4-hour 20 SMA while reclaiming the $2.09-level. On the other hand, Shiba Inu oscillated in a range now for over a week.   

Solana (SOL)

Source: TradingView, SOL/USD

After breaching the $167-mark, the bears kept testing the $132-mark resistance (previous support). The recent sell-off saw a diminution of 43.7% (from 21 January) until its five-month low on 24 January.

The recent bearish pennant breakdown quickly reversed after the bulls stepped in at the $89.98-mark. As a result, the alt saw a 19.12% 24-hour gain. Any retracements from here would find a floor at the $102-level.

At press time, SOL traded at $105.4425. After plunging to its record low, the RSI upturned by a staggering 51 points from the oversold territory. Now, it reversed from the overbought region as it eyed to test the 56-mark. Also, the Squeeze Momentum Indicator unveiled a grey dot after nearly a week, hinting at a high volatility phase. Besides, the ADX continued to depict a weak trend for the SOL.

Shiba Inu (SHIB)

Source: TradingView, SHIB/USD

The meme-token swiftly declined and lost 58.6% of its value (from 27 December) until it poked its 15-week low on 22 January.

Then, it saw a reversal after the buyers stepped in at the $0.00001864-level. Post that, SHIB witnessed a bearish pennant on its 4 -hour chart. However, the bulls refrained from dwindling and upheld the $0.00002-level. The Immediate resistance continued to stand at the $0.000022-mark.

At press time, SHIB was trading at $0.00002164. After an impressive recovery, the

Fantom (FTM)

Source: TradingView, FTM/USDT

Since FTM reversed from the $3.32-level, the bears have exerted constant pressure. As a result, it lost nearly 48.07% (from 17 January) and gravitated towards its one-month low on 24 January.

Over the past few days, the alt marked a bearish flag and plunged below the $2.09-level. But with an impressive 8.8% 24-hour gain, it reclaimed this level on 1 February. The bulls managed to flip the 

At press time, FTM traded at $0.0. The RSI saw a 19 point recovery that helped it cross the half-line. Now, it moved sideways and flashed neutral signs. Further, the DMI skewed in favor of buyers. But the ADX (directional trend) remained weak.