Binance, Shiba Inu & Solana — Asian Wrap 06 December

Binance is known as the biggest cryptocurrency exchange for its daily trading volume, but over the last few weeks, it has even justified itself as one of the biggest crypto market players. Following a sale of all of its FTT holdings and the subsequent collapse of FTX, Binance has come out on top.

Shiba Inu price closed November’s auction with a 25% loss of market value. SHIB has retested a previously broken level of support which could be the catalyst for another decline. A sustained hurdle and consolidation above $0.00001000 will be needed to create opposing bullish scenarios.

Solana price shows reasons to believe the downtrend is still ongoing. Although many crypto advocates remain enthusiastic about a potential Santa Rally, the technicals show SOL has more market value to slice from the hands of long-term investors.

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