With a trading volume of $7.401 billion, Ethereum has added ~1% to its price in the past 24 hours. Moreover, it has jumped 5.82% over the past week and with a YTD return of 2.99%, it has a market cap of $291.48 billion.
The technical indicators SMA and MACD have both recorded a rising bullish price action in their respective chart. This highlights an increase in the buying-over-selling pressure for the altcoin leader in the crypto market.
If the market continues to gain momentum, the ETH price will retest its upper resistance level of $2.8K in the coming time. Conversely, an intensified bearish action could pull the price toward its crucial support of $2,175.
Amid increased price volatility, the Solana price has jumped 5.56% over the past week. With this, it has successfully retested its crucial support level of $127. Presently, the $SOL crypto token is on the verge of testing its resistance of EMA 200-day, the outcome of which is uncertain.
SOL Price Analysis 15-09-2024
The Relative Strength Index (RSI) continues hovering close to its neutral trendline in the 1D time frame. Further, its average shows a bullish curve, suggesting that the price may continue gaining value during the upcoming week.
If the bulls push the SOL price above its 50-day EMA, the altcoin will head toward its upper resistance level of $155. On the flip side, a trend reversal could pull the price toward its low of $127.
Despite recording a drop of 1.86% in the past 24 hours with a trading volume of $363.75 million. The $DOGE price has jumped over 10% in the past day and ~18% this year alone. With a market cap of $15.408 billion, the leader of the memecoins has secured the 8th position.
The Moving Average Convergence Divergence (MACD) has recorded a constant rise in the green histogram. Further, its averages show a rising pattern. This highlights a bullish outlook for the memecoin in the crypto market.
Maintaining the price above its support trendline of $0.101 could set the stage for the Dogecoin price to head toward its upper level of $0.127. However, an intensified bearish action could pull the price toward its lower support level of $0.0780.
