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The market is changing. Will SOL DOGE XRP rise or fall in the future? Can it restart the upward path? Holders of these coins, please take a look
SOL began to fall from the pressure level of $248, breaking below the 20-day moving average. The relative strength index RSI is close to the midpoint, indicating that the price will fall below $210 in the near future. At this price, it is expected to start bottoming out. The pressure level of $248 above, if it can break through this pressure level, the price will rise again to the pressure level of $364. If it cannot rise in a short time, it will definitely fall below $200
The bulls tried to push Dogecoin to break through $0.48 on December 8, but failed. The 20-day moving average ($0.41) is on an upward trend, and the RSI is in the positive area, indicating that the path of least resistance is upward. If the buyers push the price above $0.48, the possibility of a breakout above the channel resistance line increases. DOGE could jump to $0.60. This positive view will be invalidated in the short term if the price turns down and breaks below the channel. This could accelerate the sell-off and drag the price down to $0.33.
After XRP rebounded to $2.64 on the 8th, the bears sold heavily and will try to consolidate their positions by pulling the price to the 20-day EMA ($1.99). If the price rebounds strongly from the 20-day EMA, the bulls may once again try to push the XRP pair to $2.91. On the contrary, a breakout and close below the 20-day EMA will indicate that the bulls are rushing to exit. This suggests that the pair could be topping out in the short term. The pair could drop to $1.90 and later to $1.68.
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