💥💥💥 Bitcoin ($BTC ) $65,000 Jump: What Was It? Solana ($SOL ) Paints Hidden Price Pattern, Dogecoin ($DOGE ) Lost Its Reversal Chance
Bitcoin surged to nearly $65,000 before a sharp selloff brought it back to $62,000, showcasing its notorious volatility. Despite the promising move, the inability to hold momentum raises doubts about another quick rise. Resistance remains at $65,000, while critical support is at $60,000. Technical indicators like #RSI suggest neutral conditions, and caution is advised without strong buying pressure.
Solana is forming a broadening wedge pattern, indicating market indecision. SOL is trading near crucial support at $140-$145, with resistance at $150-$155. A breakout could push SOL to $160, while a breach of $140 might lead to further decline.
Dogecoin was rejected at its 100-day EMA after failing to break above $0.12. This missed opportunity signals fading bullish momentum, with DOGE now facing key support at $0.10. If it doesn't reclaim $0.12, further losses could follow, potentially pushing DOGE to $0.09.
Source - u.today
