Dogecoin (DOGE) has confirmed a death cross, struggling above 0.14, with risks of dropping to 0.12 or 0.10.
Solana (SOL) faces further declines as the death cross signals continued weakness after losing 150 support.
XRP attempts recovery but must break 2.57 for bullish momentum; failure may lead to a retest of 2.20 or 1.86.
Dogecoin and Solana face strong bearish pressure with confirmed death crosses, while XRP attempts a recovery but struggles with key resistance.
Dogecoin (DOGE) is at risk from a bearish “death cross” technical signal, which will exacerbate its poor price momentum. It is when the 50-day moving average crosses below the 200-day average, which shows that downward pressure is continuous. With current trends and DOGE’s downward trajectory, declines are also in jeopardy.
Dogecoin has been declining
In the recent past, below key support levels, as there is no buying pressure. It declined to the $0.14 support after a failure at $0.20, reiterating bearish indications. Since the death cross has been initiated, a fast recovery is not anticipated.
Dogecoin volume is low, with no spikes to reflect increasing buying pressure. The reversal of a trend normally requires the volume of buying to rise, but DOGE has not witnessed this in recent times. If it cannot break above $0.14, the support lies at $0.12, a price not seen in months.
Going below this could see it fall sharply, with the psychological $0.10 being a possible target. To regain its former highs, DOGE must regain crucial resistance at $0.18 and $0.20. But the bearishness of the death cross makes it hard for the cryptocurrency to regain its former highs without a radical shift in market sentiment.
Solana also faces the same market pressure
Similar to Dogecoin, Solana (SOL) is also experiencing market volatility. SOL confirmed a death cross, which indicates potential further declines. This happens when the 200-day moving average crosses the 50-day average, which usually signals long-term bearish trends.
Solana’s recent price movement is an indication of the general weakness of the market. It was unable to gain strong support in recent weeks, and its momentum slowed down after falling below $150. The confirmed death cross has strengthened the bearishness, and it is becoming difficult for the comeback.
SOL, similar to DOGE, is making lower highs and lows, which indicates bear control. As anything can occur with future price, investors need to be careful and watch the market for a change in momentum.
XRP Shows Resistance
While Solana and Dogecoin experience bearish movements, XRP demonstrates resilience in recovering. It has increased from the significant $2.10 support level, but its strength is in doubt.
XRP’s break-out is impeded by a declining channel pattern. Trading currently above $2.30, the next resistance comes in at $2.57. Breaking through here would have it reach $3.00, confirming its recovery trend.
XRP‘s bearish volume is declining, therefore weaker selling pressure and space for buyers. RSI has reverted from oversold levels, and hence short-term strengthening.
The asset’s future is uncertain. If XRP fails to breach $2.57, it can slide back into the $2.20-$2.10 range. A fall below this support can retest $1.86, wiping out recent gains. XRP’s next direction will depend on sustained buying pressure. Greater demand will see a turnabout, moving towards $3.00.
Solana and Dogecoin have imposed bear pressure, with death crosses predicting declines. Dogecoin is experiencing low volumes and no signs of buying pressure supporting this presumption, while Solana is having issues with the same in the presence of market volatility.
XRP, however, is recovering gradually but still has key resistance looming over it which will determine its destiny.