This was announced by a cryptocurrency expert Dogecoin (DOGE) And Solana (Sunday) They have reached “make it or break it” levels. This assessment is set to generate a wave of optimism as DOGE and SOL could be poised for a rebound soon.
Dogecoin and Solana are at a Make It Or Break It point
Cryptocurrency analyst identified as “CrediBull Crypto” on X (formerly Twitter) a statement Dogecoin and Solana are currently at a critical juncture, describing this point as the level of success or failure.
In the analyst's previous post, he expressed confidence that this phase has been beneficial for Dogecoin and Solana as it brings some relief to their markets. He also pointed out that Structure of altcoins The market could see a major “relief” as Bitcoin pulls the overall market higher.
CrediBull Crypto revealed the good news about Dogecoin and Solana price dynamics It is that both cryptocurrencies reached a breakout point at the same time that Bitcoin, the largest cryptocurrency in the world, reached the lows of its range. Share price chart Solana market movements From April to August 2024, the analyst predicted that if Bitcoin experiences a price reversal, Dogecoin and Solana may also experience a similar reversal. Recovery.
He revealed in his previous post that if Solana can maintain the green zone between the $141 and $147 range, the cryptocurrency could see another rally before the rally. Collapse. It also encouraged investors to take profits in the green zone and sell again from above.
Furthermore it, credipool encryption Expect new declines towards the $115 range for Solana. He revealed that Solana and Dogecoin will see a slight reversal, which will push their values higher amid Downtrend of the market.
As mentioned previously, this Expected reversal For Dogecoin and Solana, it depends on Bitcoin's future price performance. As of the time of writing, Bitcoin is trading at $67,882, and is seeing significant declines despite the increase Inflows into spot Bitcoin ETFs The strong market demand for these digital assets.
During the past week, Bitcoin He got 4.16% dropEffectively pushing the cryptocurrency below its previous high of $71,000 earlier this month. The cryptocurrency may be seeing renewed interest from investors, as its value has risen by 1.24% in the past 24 hours, according to CoinMarketCap.
Update on Dogecoin and Solana price
Dogecoin and Solana are currently live Recording sharp declinesWhich confirms the poor performance of cryptocurrencies in the cryptocurrency market recently. At the time of writing, Dogecoin price It stands at $0.14, recording a significant decline of 13.79% over the past week.
On the other hand, Solana saw a significant decline over the past seven days, falling by 11.63%. This downward trend continued, pushing the cryptocurrency's price down to $152 after seeing another 1.16% decline over the past 24 hours.
Featured image created with Dall.E, chart from Tradingview.com