This week’s market activity has provided a mix of consolidation and volatility across major cryptocurrencies: SOL, ETH, DOGE, BTC, and TRUMP. Key takeaways:
• Solana (SOL): Consolidation near $240, with potential for a breakout if it holds support.
• Ethereum (ETH): Testing $3,100 support, showing recovery signs toward $3,300+.
• Dogecoin (DOGE): Range-bound between $0.33 and $0.39, ideal for scalping and range trading.
• Bitcoin (BTC): Healthy pullback after a rally to $109,500; critical support at $101,000.
• TRUMP: High-risk asset, stabilizing near $35; potential for speculative trades.
Detailed Analysis
Solana (SOL/USDT)
• Price: ~$244, down 5%.
• Key Levels:
• Support: $229–$240.
• Resistance: $260–$270.
• Indicators:
• RSI (35) nearing oversold on the 4-hour chart.
• MACD bearish but weakening, signaling reduced sell pressure.
• Strategy:
• Accumulate near $230–$240.
• Targets: $260–$270 on a breakout.
• Stop-loss: Below $229.
Ethereum (ETH/USDT)
• Price: ~$3,236, down 1.89%.
• Key Levels:
• Support: $3,100–$3,150.
• Resistance: $3,300–$3,423.
• Indicators:
• RSI (52) neutral but slightly bullish on 1-hour chart.
• MACD bullish crossover suggests short-term upward momentum.
• Strategy:
• Accumulate near $3,100.
• Targets: $3,300–$3,423.
• Stop-loss: Below $3,100.
Dogecoin (DOGE/USDT)
• Price: ~$0.34807, down 3.37%.
• Key Levels:
• Support: $0.33.
• Resistance: $0.39.
• Indicators:
• RSI (40) shows neutral momentum.
• Stochastic RSI oversold (~31), signaling potential reversal.
• Strategy:
• Buy near $0.33.
• Targets: $0.365 and $0.39.
• Stop-loss: Below $0.33.
Bitcoin (BTC/USDT)
• Price: ~$103,620, down 1.26%.
• Key Levels:
• Support: $101,000–$103,000.
• Resistance: $106,000–$109,500.
• Indicators:
• RSI (49) neutral but leans bearish.
• MACD bearish on 4-hour chart, showing a healthy correction.
• Strategy:
• Accumulate near $101,000.
• Targets: $106,000–$109,500.
• Stop-loss: Below $100,500.
TRUMP/USDT
• Price: ~$35.76, down 7.55%.
• Key Levels:
• Support: $30–$27.
• Resistance: $40–$42.
• Indicators:
• RSI (37) nearing oversold territory.
• MACD bearish but with signs of slowing momentum.
• Strategy:
• Accumulate near $30–$32.
• Targets: $40 and $50.
• Stop-loss: Below $27.
Conclusion
Each asset presents unique opportunities:
• SOL and ETH are consolidating near strong supports, with bullish potential.
• DOGE offers range trading opportunities in its current consolidation phase.
• BTC remains in a healthy pullback after a strong rally.
• TRUMP is a speculative, high-risk play suited for short-term traders.
For all trades, disciplined risk management is critical. Stay updated on macroeconomic news and sentiment for additional guidance.
Soldiom Trading – Precision in analysis, strategy in action.
