12 hours ago
Solana remained stable above the $175 level. SOL price is now recovering losses and facing hurdles near the $200 and $205 levels. SOL price started a fresh increase after it tested the $175 zone against the US Dollar. The price is now trading above $190 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $185 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone. Solana Price Eyes Upside Break Solana price formed a support base and started a fresh increase from the $185 level like Bitcoin and Ethereum . There was a decent increase above the $190 and $192 resistance levels. There was a break above a connecting bearish trend line with resistance at $190 on the hourly chart of the SOL/USD pair. The pair climbed above $195 and tested the 50% Fib retracement level of the downward move from the $228 swing high to the $175 low. However, the price is now facing many hurdles near $200. Solana is now trading above $190 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $202 level. The next major resistance is near the $208 level or the 61.8% Fib retracement level of the downward move from the $228 swing high to the $175 low. The main resistance could be $215. A successful close above the $220 resistance level could set the pace for another steady increase. The next key resistance is $235. Any more gains might send the price toward the $250 level. Another Decline in SOL? If SOL fails to rise above the $208 resistance, it could start another decline. Initial support on the downside is near the $195 level. The first major support is near the $188 level. A break below the $180 level might send the price toward the $175 zone. If there is a close below the $175 support, the price could decline toward the $162 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $195 and $188. Major Resistance Levels – $208 and $215.
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Technical analysis Sol Solana solbtc SOLUSD SOLUSDT
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Shiba Inu Rockets 7% in Holiday Market Surge, What’s Next?
Shiba Inu rose to highs of $0.000024 in Christmas trading NewsBTC
SHIB and PEPE Dominance Disrupted as Dogen’s $0.0013 Valuation Powers 40,000% ROI Potential
A shift is happening in the world of meme coins. Dogen, a new player with a price tag of just $0.0013, is turning heads. Its potential for a stunning 40,000% return is drawing attention away from well-known tokens like SHIB and PEPE. Crypto investors are intrigued by what this newcomer might bring to the table. DOGEN Rejoys Big Moment: Trump’s Victory Will Send It to the Moon Guess who is going to join Elon Musk’s moon mission soon? DOGEN, the boldest meme coin for alpha males, is gearing up for take-off as Trump’s victory in the recent US election has the entire market euphoric about the prospects of cryptocurrencies, especially meme coins. Donald and Elon are Best Buddies for Meme Coins Donald Trump’s love for crypto is no secret — he’s promised to make the U.S. the global crypto leader in his campaign. And joining him is none other than Elon Musk, the ultimate Dogecoin (DOGE) fan who’s backed the crypto movement and even aligned with Republicans earlier this year. With these two icons fueling the fire, meme coins are set for a wild ride! DOGE Soars 130% in Just One Week! DOGEN will be the Next Star with 500% Surge Following the US election results, Dogecoin (DOGE) has been on a steady rise: from $0.15 to $0.39 in just one week. DOGEN follows the same upward trend, starting at $0.0003 and now trading at $0.0013, a staggering 333% leap. With a total of 13 presale stages, DOGEN is set to rise to $0.0019 by the token generation event (TGE), which represents a 500% increase from its initial price. Like it DOGE style? Grab Some DOGEN Now and Watch It Soars 500% A Community-Driven Token with Referral Program The backbone of DOGEN is its strong and engaged community—an energetic group of investors ready to seize the next big opportunity. With nearly $4,000,000 already raised, DOGEN has proven its appeal among crypto enthusiasts. Adding to its allure is DOGEN’s unique multi-level referral program, which rewards community participation: 7% in USDT from direct referrals 2% from second-tier referrals 1% from third-tier referrals Wanna Surf this Bull Wave? Join the DOGEN Army! Step into the winner’s circle with DOGEN—where elite investors get access to exclusive campaigns, epic perks, and top-tier deals. Live the high life you deserve: luxury cars, stacks of cash, and unforgettable experiences await those who go all-in on DOGEN. Don’t settle for ordinary when you can have it all! Flex Hard, Earn Big – DOGEN is Your Power Move! Shiba Inu (SHIB): An Ethereum-Based Memecoin with Growing Utility Shiba Inu (SHIB) is a cryptocurrency inspired by Dogecoin but built on the Ethereum blockchain. Launched in August 2020 by Ryoshi, it started with a quadrillion tokens, half of which were sent to Vitalik Buterin, co-creator of Ethereum. Buterin donated a large amount to the India Covid Crypto Relief Fund and burned 40% of the total supply, boosting SHIB’s prominence. Unlike Dogecoin, SHIB can interact with Ethereum applications like ShibaSwap, a decentralized exchange. Future plans include an NFT platform and a community governance system, giving SHIB potential for broader use. In the current market cycle, SHIB’s developments and Ethereum compatibility may make it an attractive option. PEPE Coin: A Deflationary Memecoin Inspired by Pepe the Frog PEPE is a deflationary memecoin launched on the Ethereum network, drawing inspiration from the popular Pepe the Frog meme of the early 2000s. It seeks to replicate the success of memecoins like Shiba Inu and Dogecoin by eliminating transaction taxes and embracing its identity as a pure memecoin without utility. In mid-2023, PEPE reached a peak market capitalization of $1.6 billion, igniting enthusiasm among crypto enthusiasts and fostering a vibrant community. The coin’s roadmap includes phases aimed at boosting visibility and adoption through social media trends and listings on major exchanges. PEPE features a burning mechanism to enhance scarcity and rewards long-term holders, operating as an ERC-20 token on Ethereum’s Proof-of-Stake network. Conclusion In the current bull run of 2024, while SHIB and PEPE show less short-term potential, DOGEN emerges as a new meme token catering to those who seek the best in life. Inspired by tokens like BONK, WIF, and Popcat, DOGEN aims to build a community of alpha leaders, offering real benefits such as exclusive campaigns and perks for early adopters. Site: https://dogen.meme/ Twitter: https://x.com/dogenmeme Telegram: https://t.me/Dogen_Portal Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . NewsBTC
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