The cryptocurrency market is showing positive momentum, with Solana (SOL) climbing above $180. This trend has positively impacted cryptocurrencies mainly; Celestia (TIA) and Dogecoin (DOGE).
Solana’s Upward Momentum and Key Levels
SOL has shown a robust recovery over the past day, rising by 3.47%. Currently priced at $180.09, the cryptocurrency demonstrates a strong bullish trend. The nearest support level sits around $174, where the price has previously rebounded.
This level could provide support if there is a pullback. There is also a support area near $176.
Top 10 Crypto Prices: BTC, ETH, BNB, SOL, XRP, DOGE, and More
On the upside, the immediate resistance for SOL is near $182. This level marks a prior peak and could be a pivotal point for further gains. If SOL breaks above this resistance, it may pave the way for a rally toward the next resistance zone at $185. Traders should monitor these levels closely, as sustained buying pressure could lead to higher prices.
Celestia’s Price Dynamics and Potential Breakout
Turning to Celestia (TIA), the price currently stands at $5.05, reflecting a modest daily increase of 0.15%. The price has faced some fluctuations, particularly between the $4.85 and $5.20 ranges. The support level at $4.85 is crucial, as it has historically provided a bounce-back point during dips.
Source: Coinmarketcap
Conversely, the short-term resistance is around $5.20, where the price previously peaked. A decisive break above this level could signal the beginning of a bullish trend for TIA, whereas a drop below $4.85 may pose downside risks.
Dogecoin’s Impressive Daily Gains
Dogecoin (DOGE) has demonstrated a notable upward trend, rising from approximately $0.1431 to $0.1646. This 15.09% increase over the past day showcases strong market interest. The initial price of $0.1431 serves as a potential support level, representing the price point before the recent surge.
On the resistance side, DOGE may face immediate challenges around $0.165. If it can surpass this level, further gains are likely, with the next psychological target being $0.17.
The market sentiment around DOGE is also optimistic, reflected in a 15.11% increase in market capitalization and a staggering 151.16% surge in trading volume. This suggests significant buying interest and reinforces the bullish outlook for DOGE.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
