CandleFocus Dogecoin (DOGE) Rally Over With 18% Decline, Toncoin (TON) Stronger Than You Think, Solana (SOL) Bounces off of Two Essential Support Levels
2024-10-03
Author: Content Editor
Dogecoin's price has dropped by 18% from its peak, indicating the end of its surge. However, on-chain activity suggests that whales are still involved in significant DOGE transactions, hinting at possible bullish momentum in the future. The chart shows DOGE failing to hold support levels and dropping below key moving averages. Despite this, whales have not completely left the market and their ongoing activity could lead to a rebound. In contrast, Toncoin has shown resilience and stability compared to volatile meme coins due to its connection to the Telegram ecosystem. Solana has rebounded from support levels and its 50-day EMA and RSI 50 are important levels to watch for short-term price action. A bullish breakout is possible if Solana continues to hold support, but a break below support levels could lead to further price drops.
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