SOL and DOGE Price Analysis for January 2

01/02/2024 23:15
SOL and DOGE Price Analysis for January 2

Can altcoins stay bullish against today's sharp rise?

Original U.Today article

SOL and DOGE Price Analysis for January 2

Cover image via www.tradingview.com

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Bulls are back in the game, according to CoinStats.

Top coins by CoinStats

SOL/USD

Solana (SOL) is the biggest gainer among the top 10 coins, rocketing by 7.76%.

Image by TradingView

Despite today's sharp rise, the price of SOL is trading in the middle of the channel, and one should focus on the daily closure.

If it happens near $118, the accumulated energy might be enough for a move to $125. In another case, sideways trading between $105 and $115 is likely to continue.

SOL is trading at $113 at press time.

DOGE/USD

The price of DOGE has risen by 2.24% over the last day.

Image by TradingView

Today's rise has not affected the technical position of DOGE on the daily time frame. If the bar closes with a long wick, bulls have low chances to seize the initiative again. In this regard, traders may witness a correction to the $0.09 area.

DOGE is trading at $0.09219 at press time.

About the author

article image

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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