SOL price trend
The price remained bearish on Tuesday, falling below $150 and the moving average, falling 6.55% to close at $146.92. In the current trading day, SOL is still in the red, down 1.35% and trading around $144. So, where will SOL go next? The sellers will try to push the price below $140. If this happens, it will show that the sellers have established control over the market.
Dogecoin (DOGE) Price Analysis
The late-night plunge on Tuesday dragged DOGE lower, breaking below the $0.100 support level and falling to $0.098, a drop of nearly 6%. In the current trading session, DOGE is slightly higher as buyers attempt to reclaim the $0.100 support level. If successful, DOGE will look to initially rise to $0.105, where the 20-day SMA may act as resistance. After breaking through this level, buyers will attempt to reclaim $0.110. However, if the market sentiment remains bearish, DOGE may fall to $0.095 or even as low as $0.090.
Bittensor (TAO) Price Analysis
AI-related tokens have been trending upwards, with investors turning to these tokens as they await Nvidia’s earnings report, which is expected to be released this week. TAO is one such token, which had been quite bullish until the weekend. In fact, TAO surged as high as $350 with a massive 7.89% gain on Thursday and 8.08% on Friday. As sellers were active at this level, TAO fell on Saturday, dropping just over 2% to $338. However, it quickly recovered and was up 3.13% on Sunday despite heavy selling pressure and volatility as sellers tried to push the price down.
At the beginning of the week, TAO was in the red, down 3.34% to $337. On Tuesday, buyers attempted to push the price above $350, with TAO hitting a daily high of $364. However, as the broader cryptocurrency market saw a decline, TAO also saw losses, with sellers pulling the price down 7.23% to $313. TAO hit a low of $303 before bouncing off the moving averages to $313. The current trading session has seen buyers and sellers fighting for control. Sellers are attempting to push TAO below the moving averages and $300, but with strong demand at lower levels, TAO could recover and climb to its current price of $312. If buyers can maintain control, we could see prices move back up to $350.
