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Analyst Highlights Critical Crypto Levels

Release: 2024/06/13 21:06 Reading: 230

Original author:BH NEWS

Original source:https://coinmarketcap.com/community/articles/666aec04da6c6361b7f86a5d

Analyst Highlights Critical Crypto Levels

Cryptocurrency Analyst Highlights Critical Support Levels for Solana, Bitcoin, and Dogecoin

Credible Crypto, a renowned cryptocurrency analyst, has identified crucial support levels for three major digital currencies: Solana (SOL), Bitcoin (BTC), and Dogecoin (DOGE). He emphasizes the significance of these levels in sustaining the ongoing rallies of these assets.

Solana's Critical Support Level

Credible Crypto highlights Solana's critical juncture at its current price point. He warns that a break below the $140 support level could trigger a sharp decline to $115. However, if SOL can maintain this support, he believes it could rebound to as high as $230.

Dogecoin's Precarious Position

Dogecoin is also facing a delicate situation. Credible Crypto notes that DOGE must hold above the $0.13 support level to facilitate a rebound around $0.19. If it fails to do so, it could create an opportunity for holders who bought at higher prices to exit their positions.

Bitcoin's Critical Threshold

Credible Crypto emphasizes the significance of the $60,000 support level for Bitcoin. He cautions that a drop below this level could jeopardize the cryptocurrency's upward momentum. However, if BTC can reclaim this support, he anticipates a potential rally to approximately $77,000.

Key Takeaways for Traders

  • Solana should stay above $140 to potentially reach $230.
  • Dogecoin's survival above $0.13 support is essential for a rebound to $0.19.
  • Bitcoin needs to maintain its $60,000 support to avoid derailing its upward trend.

Credible Crypto's analysis provides valuable insights for traders to make informed decisions and manage risk effectively in the cryptocurrency market.

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