As Bitcoin price returns to the $70,000 level, altcoins are also showing signs of recovery. There are only a few days left until the halving, which is the halving of mining rewards, and this is affecting the cryptocurrency market. Especially for popular altcoins such as SOL, XRP and DOGE, price movements and future price predictions are curious.
Solana (SOL) Status Solana (SOL) tends to appreciate due to the halving event despite the bad inflation data. At the time of writing, SOL is trading around $173 and is struggling to close above the 20-day EMA of $178. The bears, on the other hand, are targeting closes below the $159 50-day SMA, which will be decisive for SOL.
Ripple (XRP) Although efforts have been made to push the price of Ripple (XRP) higher, selling pressure still remains. The moving averages are stable and the RSI is in neutral territory. In this environment of instability, XRP may continue to move between $0.56 and $0.69. In case of an upside breakout, $0.74 may come to the fore, and in case of increased selling pressure, $0.48 levels may come to the fore.
Dogecoin (DOGE) Dogecoin (DOGE) suffered a decline of $0.21 as the sell-off accelerated. However, there is a support level near the 20-day EMA, i.e., at the $0.19 level. If DOGE can surpass the $0.21 level, it is possible for the price to rise towards $0.23 or even $0.3. #ContentStar #HotTopicDiscussion
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#Is there any chance ETH catches up BTC momentum?
As Bitcoin price returns to the $70,000 level, altcoins are also showing signs of recovery. There are only a few days left until the halving, which is the halving of mining rewards, and this is affecting the cryptocurrency market. Especially for popular altcoins such as SOL, XRP and DOGE, price movements and future price predictions are curious.
Solana (SOL) Status
Solana (SOL) tends to appreciate due to the halving event despite the bad inflation data. At the time of writing, SOL is trading around $173 and is struggling to close above the 20-day EMA of $178. The bears, on the other hand, are targeting closes below the $159 50-day SMA, which will be decisive for SOL.
Ripple (XRP)
Although efforts have been made to push the price of Ripple (XRP) higher, selling pressure still remains. The moving averages are stable and the RSI is in neutral territory. In this environment of instability, XRP may continue to move between $0.56 and $0.69. In case of an upside breakout, $0.74 may come to the fore, and in case of increased selling pressure, $0.48 levels may come to the fore.
Dogecoin (DOGE)
Dogecoin (DOGE) suffered a decline of $0.21 as the sell-off accelerated. However, there is a support level near the 20-day EMA, i.e., at the $0.19 level. If DOGE can surpass the $0.21 level, it is possible for the price to rise towards $0.23 or even $0.3. #ContentStar #HotTopicDiscussion