- Solana nears a death cross, struggling below $150 with potential drops to $110 or $100.
- Dogecoin risks falling below $0.14, possibly declining to $0.10–$0.12.
- Ethereum breaks $2,000 support, signaling bearish momentum and further losses.
Solana approaches the death cross
Solana is experiencing strong bearish pressure since it is moving towards a death cross formation. This is when the 50-day moving average crosses below the 200-day MA, which in the past has been used as a sign of a long-term downtrend and increased selling pressure.
The breakdown of a key support level has impacted Solana’s market negatively. The $150 support level was strong but has weakened, and SOL has declined to about $124. If the death cross is true, it could trigger more liquidations and lower prices.
The price of Solana indicates a downtrend with short-term moving averages in favor of bearishness. The flattening 200-day MA suggests diminishing bullish momentum. If SOL is unable to sustain support, then it can fall to $110, potentially testing $100. Or, if the price is propped up by buyers above $150, then a short-term bounce can be seen.
Dogecoin Reaches Last Support Point
Dogecoin is descending towards a critical support of $0.14. This is the last major support. If DOGE dips below this, it can go to the $0.10–$0.12 level. DOGE is bearish with support levels failing to hold buyers. From a jump from $0.22, the price dropped to $0.18 and below. Currently, a death cross threat can extend losses if it occurs.
As compared to earlier hype cycles, DOGE is exposed now since meme coins have very low demand. Without favorable catalysts, Dogecoin cannot gain momentum.
Ethereum is below $2,000
Ethereum has dropped below the $2,000 support level, indicating bearish conditions. This decline was also indicated by rising trading volume, which indicates strong selling pressure.
In the recent past, ETH has lost its bullish hold and weakened. The fall below $2,000 has weakened its technical stance since it cannot trade above key moving averages.
Ethereum is in a bear trend with the short-term moving averages falling. Without improved market conditions, ETH can continue to experience further corrections in the near future.
Solana, Dogecoin, and Ethereum are under bear pressure after the collapse of important support levels. Death cross in SOL and DOGE is a cause for concern, and ETH dipping below $2,000 is a weakness signal. Without stability, further corrections are in the pipeline. Alternatively, growing buying momentum might provide relief, and the next two days are crucial for their prices.
Highlighted Crypto news Today
Pierre Gasly’s Fan-Designed Helmet Unveiled in Binance Mural in Melbourne
