Solana (SOL) Performs Enormous Breakthrough, XRP Price About to Make Move, Dogecoin (DOGE) Tripped Over This Price Level

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Written By Maya Cantina

Sun, 31/03/2024 – 0:30

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Contents

  • XRP on verge of surge?
  • Dogecoin stumbles

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Solana has broken out of a pattern called a “symmetrical triangle” on the chart. This is important because it often means that the price could go up more.

The symmetrical triangle pattern is made when the price of something like Solana goes up and down between two lines that are coming closer together. This pattern can show that traders are unsure about buying or selling more. But when the price breaks through one of these lines, it can mean that a volatility surge is incoming.

 SOLUSDT Chart
SOL/ETH Chart by TradingView

For Solana, the price has broken above the top line of the triangle. This suggests that people are ready to buy more SOL, which could push the price even higher. At the moment, Solana is trading at 0.05569 against Ethereum (ETH). If Solana can stay above this level, it could mean that it will keep growing stronger.

The next big level for Solana to reach is 0.06000 against Ethereum. If it gets there and can stay above, it might keep going up. But if the price starts to fall, there is a support level at 0.04895 that could help prevent it from going down too much.

XRP on verge of surge?

XRP’s price looks like it is getting ready for a big change. Recently, its price has been very steady without much up and down movement, which can be a sign that a bigger price move is coming soon.

Looking at the XRP chart, we can see that the price is in a tight space between two important levels. The support level, where we might see XRP’s value start ascending, is at $0.5781. This has been a strong threshold for XRP in the past. On the other hand, there is a resistance level at $0.6259, which is like a ceiling that the price has had trouble breaking through.

If XRP’s price can go above $0.6259 and stay there, it might keep going up. But, if it falls below $0.5781, we could see the price go down more. The fact that XRP’s price changes have become smaller lately might mean that it is getting ready to either break through the top level and go up, or fall below the bottom level and go down.

For people watching XRP, it is important to keep an eye on these two prices, $0.5781 and $0.6259. How the price behaves near these levels could tell us what might happen next.

Dogecoin stumbles

Dogecoin has recently stumbled at a key price level. The asset saw its price struggle to stay above $0.21639. This level has proved to be a tough spot for DOGE to pass through, and failing to hold it may lead to further dips in its price.

A look at DOGE’s chart reveals that it is now hovering around $0.21050, just below the resistance level that has been hard to crack. This price point is crucial because if DOGE can push past it and stay there, the coin could likely climb higher. However, if it keeps tripping below this level, there is a chance it might slip even further down to the next support at $0.16739.

If DOGE’s price keeps going down, the next important level to watch is at $0.13581. This price could be where DOGE finds enough buyers to stop the drop and start climbing again. But for DOGE to really show growth, it will need to get back up and stay above $0.21639, which is now acting like a strong resistance level.

The future of Dogecoin’s price will depend a lot on how traders feel about the market. If they see this dip in price as a chance to buy more DOGE for cheap, we could see the price rise back up.

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