Dogecoin (DOGE) Begins $1 Wave Surge, Bitcoin's (BTC) Trouble at $100,000: Details, Solana (SOL) to Get Tested in 3 Days
Author: Content Editor
The content discusses three cryptocurrencies: Dogecoin (DOGE), Bitcoin (BTC), and Solana (SOL).
For Dogecoin, there is speculation about another wave of rally that could push the price towards $1. However, there are signs of a possible reversal, with resistance at the $0.45 zone and a drop in volume indicating waning momentum. Whales, who have played a significant role in Dogecoin's previous rallies, are active in the market.
Bitcoin is facing bearish pressure as it hovers around the $100,000 mark. Sellers have been actively protecting this level, leading to a consolidation below $100,000. The volume is leveling off, and a breakout above $100,000 would require a significant increase in volume. The $90,000 and $85,000 support levels are crucial if the price retraces.
Solana is approaching a turning point as it tests the lower limit of its rising trendline. The support level plays a key role in SOL's surge, and the token's next move depends on whether it holds or breaks this level. A bounce here could push the price towards the $280-300 range, while a break below could lead to retracement towards support levels at $216 or even $184. The volume is crucial in determining the probability of a breakdown.