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    Home»Altcoins»Solana Faces Bearish Sign Whereas Dogecoin Eyes Potential Bullish Breakout
    Solana Faces Bearish Sign Whereas Dogecoin Eyes Potential Bullish Breakout
    Altcoins

    Solana Faces Bearish Sign Whereas Dogecoin Eyes Potential Bullish Breakout

    By Crypto EditorMarch 29, 2025No Comments2 Mins Read
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    Crypto analyst and dealer Ali Martinez has expressed a bearish outlook on Solana (SOL), which is at present buying and selling about 53% under its peak worth from January.

    Martinez shared shares that the Tom DeMark (TD) Sequential indicator is signaling a possible downtrend on the 12-hour chart.

    This indicator, identified for pinpointing potential worth reversals, beforehand marked the underside of Solana’s worth, resulting in a 20% rally. Now, the identical software is suggesting warning, flashing a promote sign.

    Shifting focus to Dogecoin (DOGE), Martinez highlights two key ranges for the memecoin’s worth motion: a assist stage at $0.177 and resistance at $0.207.

    Utilizing the Unspent Transaction Output (UTXO) Unrealized Value Distribution (URPD) metric, which analyzes the distribution of cash based mostly on their final moved worth, Martinez notes that 8% of Dogecoin’s whole provide was moved on the $0.177 stage, whereas 7% moved on the $0.208 stage.

    Martinez additionally suggests that Dogecoin may flip bullish if it rises roughly 9% from its present place, citing the SuperTrend indicator. This software, used to evaluate market traits and potential commerce alerts, signifies that breaking via the $0.21 resistance may set off a constructive worth motion for the memecoin.

    Solana Faces Bearish Sign Whereas Dogecoin Eyes Potential Bullish Breakout

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