Dogecoin (DOGE)
Dogecoin (DOGE) is trading close to a multi-week high, as bulls try to maintain pressure. The price of DOGE/USD reached a peak of $0.06692 today, slightly below Tuesday’s high of $0.0687. This bullish momentum has slowed down recently after the relative strength index (RSI) hit a resistance level of 48.00. Currently, the RSI is at 45.92. If the price breaks above the resistance level in the coming days, bulls will aim to push it above $0.0700.
Main breakdowns:
- DOGE/USD reached a high of $0.06692 today.
- The RSI hit a resistance level of 48.00.
- Currently, the RSI is at 45.92.
- A break above the resistance level may lead to a push towards $0.0700.
Solana (SOL)
Solana (SOL) is experiencing a losing streak, with the price approaching a drop below $20.00. SOL/USD reached a low of $20.55 today, following a high of $21.01 yesterday. This shift in sentiment is due to solana bulls failing to break through a resistance level of $22.
Given the current situation, it is likely that the token will fall to a floor at $20, depending on the RSI’s position. The RSI is currently at 41.73, with a support level of 39.00 potentially becoming a target for sellers. If the floor at $20 is breached, solana could drop further in the near future.
Main breakdowns:
- SOL/USD reached a low of $20.55 today.
- Solana bulls couldn’t break the resistance level of $22.
- The RSI is currently at 41.73.
- A support level of 39.00 is a possible target for sellers.
Hot Take: Dogecoin (DOGE) is showing signs of maintaining its recent bullish pressure, while Solana (SOL) is struggling to break through resistance and may face further downward movement. Keep an eye on the price action and RSI levels to gauge future price movements.
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