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- A prominent crypto analyst recently shared insights on the critical levels for certain major cryptocurrencies.
- The analyst, known as Credible Crypto, highlighted key support levels for Solana (SOL), Bitcoin (BTC), and Dogecoin (DOGE).
- These insights suggest potential pivotal movements in the near future, depending on the adherence to these support levels.
Discover the crucial support levels for Solana, Bitcoin, and Dogecoin, and understand what could be in store for these cryptocurrencies in the near future.
Solana Faces Crucial $140 Support Level
A well-known crypto strategist, Credible Crypto, has raised an alarm regarding Solana (SOL) as it hovers near a critical $140 support level. Should SOL fail to maintain this threshold, it may spiral down to previous lows around $115. Currently, Solana is trading at $155, marking a 5% increase over the last 24 hours. Optimistically, if it can sustain these levels and continue its upward trajectory, Solana could potentially reach $230 before bearish pressures set in.
Bitcoin’s Critical Moment at $60,000
Bitcoin’s (BTC) bullish run is being tested as it approaches the $60,000 support level. The analyst notes that bids are concentrated between $62,000 and $65,000, with resistance looming at $67,000-$68,000. If Bitcoin fails to hold $60,000, the outlook may turn bearish. However, maintaining or bouncing off this support could propel Bitcoin to new heights, possibly reaching $77,000.
Dogecoin’s Bounce Potential at $0.13
For Dogecoin (DOGE), the $0.13 level is critical according to Credible Crypto. Holding this support could offer a bounce, potentially elevating DOGE to around $0.19. At the time of writing, Dogecoin is priced at $0.14, showing a 5.4% rise in the last 24 hours. This support region may offer some relief for traders looking to capitalize on short-term gains.
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Conclusion
Credible Crypto’s analysis underscores the importance of critical support levels for Solana, Bitcoin, and Dogecoin. The next moves for these assets largely depend on whether they can maintain these thresholds. Investors should keep a close watch on these levels, as they can offer significant insights into the potential future direction of these cryptocurrencies. Understanding these mechanics can aid in making informed investment decisions amid the often volatile crypto markets.
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