Three cryptocurrencies—Solana (SOL), Pepe (PEPE), and Dogwifhat (WIF)—are attracting traders’ attention this week due to their recent price action and the formation of key support and resistance levels. Each asset is showing varying levels of activity and volatility, providing clues about their potential future performance.
With Solana continuing to rally, PEPE signaling a recovery, and Dogwifhat seeing renewed buying interest, investors are closely watching these coins for trading opportunities.
Solana's bullish momentum
Solana (SOL) has surged to $151.33, marking a 3.28% increase in the last 24 hours. The increase came after it broke above the $146 support zone, indicating strong bullish momentum.
The price bounced back after a brief pullback at $146.57, a key support level that attracted buyers. Additionally, the price broke the psychological resistance at $150, turning it into a new support zone. Therefore, if Solana pulls back, this level could act as a cushion for further upside.
However, buyers are now eyeing the next major resistance level at $152, where selling pressure could emerge. Therefore, this price level will be an important barrier to watch for a sustained upside move. With Solana maintaining its bullish momentum, the market seems to favor further upside, but traders should be aware of the possibility that the price could pull back.
Pepe's volatile price action
Pepe (PEPE) has seen significant volatility, trading at $0.00001018 after gaining 3.23% over the past 24 hours. The price dropped to $0.0000095 earlier in the week but quickly recovered, signaling a possible reversal of the previous downtrend.
Furthermore, the 24-hour trading volume has spiked by 29.51%, indicating growing interest in the token and increasing participation from traders.
Support at $0.0000095 has proven important in reversing the bearish momentum, while $0.0000098 acted as a consolidation zone before the recent rally. Pepe is now facing resistance at $0.0000104, a level that has halted previous rallies.
If the price breaks above this resistance level, it could signal further upside. Traders should keep a close eye on this level, as a break above it could open the door to more gains.
Dogwifhat's New Interest
Dogwifhat (WIF) is trading at $2.80, with a modest gain of 0.41% over the past 24 hours. After dipping below $2.70, the price quickly recovered and is now forming a steady uptrend. This recovery shows renewed buying interest, especially as the 24-hour trading volume is up 36.93%.
Key support levels are found at $2.65 and $2.70, where buyers stepped in during the dip. Additionally, resistance at $2.85 remains a challenge for further gains.
If WIF breaks above this resistance, it could continue its upward trajectory. However, traders should be cautious, as the current price is at a minor resistance level at $2.80, which could lead to a pullback if momentum weakens.
