Dogecoin, Solana At 'Make It Or Break It Level' Before Potential 'Meltdown,' Says Trader
Portfolio Pulse from Khyathi Dalal
CrediBULL Crypto has highlighted critical levels for Solana (SOL) and Dogecoin (DOGE), suggesting potential market movements. Both cryptocurrencies are at 'make it or break it' levels, with SOL potentially dropping to $115. The influencer has exited his short positions, awaiting market reactions. Another trader sees SOL potentially dropping to $140. In the past 24 hours, SOL and DOGE are down 7% and 5%, respectively.
June 13, 2024 | 6:52 pm
News sentiment analysis
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NEGATIVE IMPACT
Dogecoin is at a critical level, and its price could be influenced by Bitcoin's trend. Currently, DOGE is down 5% in the past 24 hours.
Dogecoin is at a 'make it or break it' level, and its price could drop further if Bitcoin does not reverse its trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Solana is at a critical level, with potential to drop to $115. Currently, SOL is down 7% in the past 24 hours.
Solana is at a 'make it or break it' level, and its price could drop further if it fails to hold the current level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Bitcoin's trend is crucial as it could influence the movements of Solana and Dogecoin. If Bitcoin reverses its trend, SOL and DOGE might follow suit.
Bitcoin's trend is seen as a potential indicator for SOL and DOGE movements. A reversal in BTC could lead to similar movements in SOL and DOGE.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50