Pundit Says Dogecoin and Solana Hit “Make or Break Standards,” Why This Is Good News

A crypto pundit announced that Dogecoin (DOGE) again Solana (SOL) they have reached their “make or break” levels. This test is set to generate a wave of optimism as DOGE and SOL may be ready to re-tie soon.

Dogecoin and Solana on the Make or Break Point

Crypto analyst identified as ‘CrediBull Crypto’ on X (formerly Twitter) revealed that Dogecoin and Solana are currently in a critical phase, defining this point as their make or break level.

In a previous analyst post, he expressed confidence that this phase is beneficial for Dogecoin and Solana as it brings relief to their markets. He also noted that structure of altcoins the market could see a big “relief” as Bitcoin pulled the general market higher.

CrediBull Crypto revealed that the good news about Dogecoin and We blame each other for price dynamics that both cryptocurrencies reached their breakeven point at the same time that Bitcoin, the world’s largest cryptocurrency, fell sharply. Sharing the price chart of Solana’s market movements from April to August 2024, the analyst predicted that if Bitcoin gets a price change, Dogecoin and Solana can also get the same. bind again.

He revealed in his previous post that if Solana can hold the green between the $141 and $147 range, the cryptocurrency may have another high before deterioration. He also encouraged investors to take profits into the green and short again from the upside.

In addition, CrediBull Crypto predicted a new low towards the $115 range for Solana. He revealed that Solana and Dogecoin will see a slight pullback, increasing their prices in between downtrend in the market.

As mentioned before, this proposed modification of Dogecoin and Solana depends on future Bitcoin price performance. As of writing, Bitcoin is trading at $67,882, experiencing a major decline despite the increase income from Spot Bitcoin ETFs and strong market demand for these digital assets.

Last week, Bitcoin earn 4.16% refuse, successfully pushing the cryptocurrency below its previous high of $71,000 earlier this month. The cryptocurrency is likely to prove renewed interest among investors, as its value has increased by 1.24% in the last 24 hours, according to CoinMarketCap.

Update on Dogecoin and Solana Price

Dogecoin and Solana for now recording a significant decline, emphasizing the lack of performance of cryptocurrencies in the crypto market recently. At the time of writing, Dogecoin price settled at $0.14, marking a significant decrease of 13.79% over the previous week.

Solana, on the other hand, has seen a significant decline in the past seven days, down 11.63%. The downward trend continued, pushing the price of the cryptocurrency down to $152 after experiencing another 1.16% drop in the last 24 hours.

The featured image was created with Dall.E, a chart from Tradingview.com