As the cryptocurrency markets approach the end of the year, Bitcoin’s (BTC) stalled efforts to reach a new all-time high (ATH) has increased the bullish potential of altcoins like Dogecoin (DOGE) and Solana (SOL). Technical indicators support the possibility of reaching $0.15 for DOGE and $300 for SOL in the short term.
Dogecoin (DOGE) Technical Outlook$DOGE
The TD Sequential indicator used for Dogecoin gives a buy signal, predicting that the price may recover in the short term. DOGE is trading in a triangle formation, which is considered to be in an uptrend, and the increasing trading volume indicates that investor interest continues and price volatility continues. Momentum indicators also reinforce this bullish expectation. While the RSI (Relative Strength Index) is giving signals of recovery from the oversold region, the MACD indicator indicates that buying pressure is increasing. In light of this data, Dogecoin is expected to reach the levels of $0.12 and $0.15 in the short term, and to move towards a new ATH in early 2025 in the medium term.
Solana (SOL) Technical View$SOL
For Solana, the TD Sequential indicator also signals a buy signal, indicating a possible trend reversal. SOL is currently recording a strong rise towards the $200 level. If this level is exceeded and the annual close is above this point, targets of $300 and above may come to the agenda. However, the Ichimoku cloud is still giving bearish signals, which may pose an obstacle to the rally in the short term. On the other hand, the MACD indicator shows that the selling pressure has decreased and a transition is taking place in the upward direction. Solana is expected to exceed the $200 level in the short term and reach the $300 level in the medium term.