Daily Solana Comments
Posted: Sat Apr 05, 2025 7:50 am
Solana (SOL) was trading at $139 at the beginning of the day, and gained momentum during the day, climbing to $143. It seems to have found strong support at $140 for now, but it should not be ignored that the price is stuck at resistance around $145. Among Solana's ecosystem moves that contribute to this rise, the increase in NFT and DEX transactions is noteworthy. The growth of projects such as PumpSwap and Whale.io in particular increases the use of the Solana network.
In a broader perspective, ETF applications for Solana and the interest of institutional investors are among the important factors feeding the price upwards. However, it is necessary to pay attention to the RSI approaching the telegram data overbought region in technical indicators. If the price consolidates at these levels, breaking $ 145 is critical for a new wave of increases. Conversely, a possible correction could test support levels below $ 140. Solana's mobile strategies and staking solutions are another important development that increases confidence in the ecosystem.
Daily Dogecoin Comments
Dogecoin (DOGE) has recently fallen to $0.1833, but has made a rapid recovery from this level and is trading at $0.1929. In particular, the formation of technical indicators such as the “cup and handle” formation in the short term is noteworthy. If the price can break $0.1955, the target of a rebound momentum could be $0.21. However, the rise in RSI and the decline in volume could signal a sudden correction in price movements. Technically, support zones are located at $0.17 and $0.15, and traders should carefully observe these areas.
In a broader perspective, ETF applications for Solana and the interest of institutional investors are among the important factors feeding the price upwards. However, it is necessary to pay attention to the RSI approaching the telegram data overbought region in technical indicators. If the price consolidates at these levels, breaking $ 145 is critical for a new wave of increases. Conversely, a possible correction could test support levels below $ 140. Solana's mobile strategies and staking solutions are another important development that increases confidence in the ecosystem.
Daily Dogecoin Comments
Dogecoin (DOGE) has recently fallen to $0.1833, but has made a rapid recovery from this level and is trading at $0.1929. In particular, the formation of technical indicators such as the “cup and handle” formation in the short term is noteworthy. If the price can break $0.1955, the target of a rebound momentum could be $0.21. However, the rise in RSI and the decline in volume could signal a sudden correction in price movements. Technically, support zones are located at $0.17 and $0.15, and traders should carefully observe these areas.