Dogecoin (DOGE) and Solana (SOL) are facing strong downward pressures with the confirmation of 'death cross' signals, while XRP attempts to recover but hits major resistance levels.
Dogecoin (DOGE) is in danger due to the death cross. Dogecoin is facing a 'death cross' signal, a bearish technical indicator that occurs when the 50-day moving average crosses the 200-day moving average downward, reinforcing the downward trend. Under the current trend, the currency is at risk of further decline.
Recently, DOGE has struggled to maintain important support levels, failing to surpass $0.20, which led to a decline towards $0.14. With decreasing trading volumes, there are no signs of increased buying pressure, which is essential to reverse the bearish trend.
If DOGE fails to maintain the $0.14 level, it could drop to $0.12, a level not tested in months. If this support is lost, it may retreat towards the psychological barrier at $0.10. To regain upward momentum, DOGE must break through resistance levels at $0.18 and $0.20, but the downward cross makes this difficult unless overall market sentiment changes significantly.
Solana (SOL) is facing the same pressures as Dogecoin, experiencing sharp volatility, as a death cross has been confirmed, indicating the possibility of further declines. This signal occurs when the 200-day moving average crosses the 50-day moving average downward, which is an indicator of a long-term bearish trend.
SOL has shown clear weakness in performance after failing to maintain the $150 level, leading to a slowdown in its momentum. The downward cross has reinforced the negative trend, making recovery more difficult.
