DOGECOIN Death Cross, Solana (SOL) emphasized: join Doge with Death Cross, Recovery XRP: The next level of viewing continues
The Cross of Death, a huge, huge signal that can threaten the momentum of the Dukwin price, formally formed. It is often indicated by a long period of hypothesis by this artistic style, which arises when the moving average for 50 days crosses the moving average for 200 days. The current situation of the market and the ongoing difficulties in Dog make this incident regarding the possibility of additional losses.
DOGE has decreased steadily and lower collapses than a number of important support levels after failing to maintain any significant upward momentum. The original moved towards a decisive support of $ 0.14 after the last rejection of the US $ 0.20 sign has strengthened the Haboodi expectations. Looking at the Cross of Death, it seems unlikely now that Dog will regain his strength any time soon.
In addition to pessimistic expectations, the trading volume in Dogecoin has not displayed any noticeable disappearance, indicating that buyers do not actively intervene to compensate for the sale pressure. Important reflection usually requires an increase in the purchase activity, but DOGE has not been tested in recent weeks. The following reasonable support for Dogecoin is $ 0.12, a price that has not been seen for months if he could not seize $ 0.14.
If this level is dropped, there may be a more severe decrease, which may put a doge to re -test the $ 0.10 psychological threshold. Before discussing any large recovery, DOGE needs to restore resistance that is still present at $ 0.18 and $ 0.20. Dogecoin is still in risk fraudulent positioning at the present time, and its future depends on whether buyers can reverse the increasing vibrant emotions.
The landmark has been strengthened through the death cross, and Dog may find it difficult to return to its highest level in the near future unless there is a major change in the market feeling.
Solana faces declines
Like the rest of the cryptocurrency market, Solana faces difficulties recently. Like Dogcoin, Sol recently confirmed an intersecting pattern of damaged death, a strong downward signal indicating possible future declines.
A technical composition is created like this when it is a long -term moving average such as crossburn, which is 200 days less than in the short term, and is usually 50 days. This was historically a sign that long -term declines started in a number of markets, and it seems that Solana is in this style.
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According to the Sol price procedures, the symbol has faced the difficulty in finding strong support in recent weeks, which reflects the weakness of the market as a whole. Solana’s bullish momentum that Solana accumulated during the previous year was undermined due to the collapse below $ 150, which was a major setback.
Since the death cross has now been verified, the market morale of the origins has become more pessimistic, making any great recovery a challenge. Moreover, the analogy of Dogecoin conditions provides a more wonderful picture. Like Doge, Sol suffers from a series of heights and lower declines, indicating that the bears completely control.
Now the death cross has been confirmed, Seoul’s chances of recovery appear to diminish. Whether Solana can recover the lost land or if more imminent decreases are determined in the coming weeks, so investors should be careful and monitor market developments.
XRP does not give up
As the original continues to recover efforts, XRP offers flexibility. XRP was steadily restored after recovering from the decisive support level of about $ 2.10. Although it is still unclear whether the current price procedure can maintain its movement in the upcoming sessions, it seems that the upscale momentum is developing. One of the main barriers that prevent attempts to creativity XRP is the continuation of the descending canal style that described the last trend of the original.
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XRP is now trading over $ 2.30, which is a significant change from its lowest level. However, the resistance level of $ 2.57 is where the real test is located. It will be possible to move about $ 3.00 if this price is broken over it, which will also confirm the existence of a stronger recovery trend. The XRP price is encouraging, partly due to the consistent decrease in the declining size. The market is witnessing more opportunities for buyers to intervene while reducing pressure.
The basic principle is to enhance the short term, as shown by the RSI Index (RSI), which also recovered from the sales levels. Despite these encouraging developments, the XRP future is still unclear. Withdrawal can occur if the resistance level is not broken $ 2.57; The following important support zone is a range of $ 2.20 to $ 2.10. If the original decreases to less than this level, there is an opportunity to re -test the $ 1.86 support, which can erase a lot of its recent gains.
The bulls’ ability to adhere to power and pay the highest step is the next step for XRP traders market monitoring. XRP may go to a complete reflection if the purchase pressure continues, with $ 3.00 as an important goal. However, the lack of momentum can lead to additional unification, which would keep the original stuck in its current channel.
