, Solana & Shiba Inu — Asian Wrap 19 July [Video] price has risen 10% over the weekend. The bullish influx is taking traders by storm as the crypto market is witnessing the strongest recovery since the last week of June. Still, the market shows further upside potential. price ascends in wedge-like formation, which is likely to prematurely entice bears to open short positions.


Solana price has risen 25% since the weekend. SOL price has repetively breached a parallel channel and climbed higher, which raises questions about the uptrend’s strength. Invalidation of the broader bearish thesis is a breach above $50.50.


Shiba Inu’s lead developer Shytoshi Kusama identified one key requirement for a massive SHIB burn and that requirement is that a true community effort is needed for burn implementation. Kusama believes that it might take time for the timing to work out perfectly. 


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