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Analyst Shares Key Support Levels for Solana, Bitcoin, and Dogecoin

Release: 2024/06/13 21:06 Reading: 235

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/666aeaf6da6c6361b7f86a51

Analyst Shares Key Support Levels for Solana, Bitcoin, and Dogecoin

Analyst Shares Key Support Levels for Solana, Bitcoin, and Dogecoin

Credible Crypto, a renowned cryptocurrency analyst and trader, has identified crucial support levels for Solana (SOL), Bitcoin (BTC), and Dogecoin (DOGE). These levels play a pivotal role in determining the ongoing rallies of these cryptocurrencies.

Solana and Dogecoin Analysis

Credible Crypto emphasizes that Solana is at a critical juncture. A drop below $140 could trigger a decline to $115. This level is considered a potential relief zone, prompting the analyst to close short positions to monitor market reactions.

SOL currently trades at $155, up 5% in the past 24 hours. Analysis suggests it may maintain its uptrend and potentially reach $230 before facing resistance. Maintaining the $140 support is vital for sustained momentum.

Dogecoin is also at a crucial point. Credible Crypto stresses the importance of holding above $0.13 to facilitate a rebound around $0.19. This support level provides an exit opportunity for investors who purchased at higher prices. DOGE currently trades at $0.14, up 5.4% over the last 24 hours. Its trajectory hinges on its ability to maintain the $0.13 support.

Bitcoin Analysis and Commentary

Credible Crypto identifies $60,000 as a critical support level for Bitcoin. If the price falls below this level, the uptrend may be compromised.

Bitcoin recently tested its downward target with offers between $62,000 and $65,000 and visible demands above $67,000-$68,000. BTC currently trades at $67,457, up 2% in the past 24 hours. The analyst anticipates a rise to $77,000 after touching bottom levels. However, caution is advised as a drop below $60,000 could halt the ongoing uptrend.

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