Today, Shiba Coin has shown a remarkable increase, accompanied by Bitcoin’s strong closing above $65,000. BTC’s retention at this level has increased the general motivation in the market and expects other altcoins to join the uptrend. In particular, cryptocurrencies such as Solana ( $SOL ) and Baby #Dogecoin have the potential to reach new highs.
Solana (SOL)
Solana has presented an attractive buying opportunity for investors after falling to $120 in early September. Since March, SOL has been supported by investors who have considered short-term buys at least six times. Starting from the $120 level, the attempts to the $156 region yielded gains of approximately 30% each time.
Shiba Coin
Shiba Coin is up nearly 30% to become the second-largest meme coin by market cap. The peak at $0.00001937 remains above the support level at $0.00001742 despite profit-taking. This provides a suitable environment for testing parallel channel support and suggests future upside potential.
– If Solana continues to close above $150, the $162 target could be the next step.
– #Shiba If the coin breaks the $0.00002093 level, it could reach new targets such as $0.00002609 and then $0.00002952.
– If Baby Dogecoin remains strong, it could reverse the downtrend and pave the way for new ATH levels.
Baby Dogecoin has tended to return half of its gains after rapid increases in the past, but this was not the case this time. The fact that the upper wicks show heavy profit taking suggests that there may be an extra risky period in the next 48 hours. Investors should follow BABY DOGE's support levels closely.
If a general rally begins in the altcoin market, cryptocurrencies such as $SOL , $SHIB and BABY DOGE are expected to record significant increases. Bitcoin's strong performance supports altcoins to move with the same momentum. Carefully monitoring market dynamics and acting at the right time can offer profitable opportunities for investors.
