Shiba Inu (SHIB) trading volume is rising significantly, but the conditions surrounding this upswing are not encouraging

Despite regaining an important resistance level, SHIB has been trapped in a downtrend for the last few months.

Trading volume for Shiba Inu is rising substantially, but the circumstances surrounding this upswing are not encouraging. While a spike in volume usually indicates greater momentum and interest, the fact that it appears during a downtrend should be viewed differently.

Despite recovering an important resistance level, SHIB has been largely trapped in a downtrend over the last few months. At its current price of about $0.00001322, the asset is struggling to gain substantial upward momentum. Even with the recent increase in trading volume, the price action is still muted, suggesting that sell-side pressure, rather than actual accumulation, might be responsible for most of this volume.

One of the main resistance barriers is still the descending trendline, which SHIB would need to rise above to indicate a possible change in momentum. However, if buyers do not intervene, further decline toward $0.00001200 is still possible given the current bearish structure. A spike in volume usually follows a brisk uptrend on bullish markets, which supports price increases.

This volume increase, however, is taking place in a declining market for SHIB. Such a situation usually means that retail interest is waning, liquidity is drying up and larger players are pulling out of their positions. Usually, this kind of volume pattern is followed by more price drops than recoveries. The increased volume might cause further downside as selling pressure increases if SHIB is unable to break above its main resistance levels.

Bitcoin attempts to break a crucial resistance level that has been limiting its upward momentum - the $90,000 mark. The cryptocurrency is currently trying to breach this psychological barrier following a dramatic rebound from its most recent lows, which has investors wondering if this time will be different.

Bitcoin is currently trading at about $89,994, just below the significant resistance level of $90,000. A successful breakout could pave the way for additional gains; the critical $98,000 level and $94,000 are the next important targets. BTC might return to lower support zones if it is rejected at this level, which could lead to another pullback.

As traders assess global macroeconomic factors, liquidity conditions and overall risk appetite market sentiment is still mixed. Although the recent rebound from $85,000 indicates that buyers are intervening at lower levels, it is unclear if they are strong enough to push Bitcoin above $90,000.

BTC would indicate fresh bullish momentum if it could close above $90,000 with high volume. With the next significant resistance level at $98,000, a confirmed breakout could trigger a rally toward $94,000 and possibly higher. In the upcoming weeks, Bitcoin might target the $105,000-$110,000 range if it breaks above these levels, putting it back on course for another all-time-high run.

A rejection could result in another retracement if Bitcoin is unable to surpass $90,000. A further decline could push Bitcoin down to $82,000, with $85,000 serving as the immediate support. BTC might even retest the $78,000-$80,000 range in a more severe decline, which would put bulls on the defensive. The inability to breach $90,000 may also lead to a brief correction on the larger cryptocurrency market, which would raise altcoin volatility.

Solana has rebounded from recent lows and is now back above $147.48, indicating that it is on a local uptrend. However, wider market indicators show that caution is still needed in spite of this temporary respite. Moving averages are still in a bearish position even though SOL's price is rising and a possible death cross could increase the likelihood of further declines.

Solana is currently trading at about $144.78. It has recently recovered after falling below $130 with several green candles and increasing bullish momentum. If this zone is broken, the recovery attempt might be deemed invalid and SOL may plummet toward the psychological $100 level.

The larger technical structure is still concerning despite the local uptrend. The 50-day and 200-day EMAs are converging, which increases the chances of a death cross, a bearish formation that usually precedes further downside.

This formation might appear if the 50-day EMA drops below the 200-day EMA, which could put more pressure on SOL and make it harder for bulls to maintain their upward momentum. It might force SOL into a more severe correction phase, which would occur if the 50-day EMA drops below the 200-day EMA.

However, the risk of a death cross might be avoided if SOL keeps improving and