Solana

The cryptocurrency market has been witnessing significant shifts, with <a href="https://cryptotale.org/solana-sol-to-reach-highs-in-wave-v-resistance-at-245/" rel="noopener noreferrer nofollow">Solana </a>(SOL) and Dogecoin (DOGE) showing notable price movements. According to an analysis by Crypto Rover, a crypto YouTuber, the volume on the Solana chain has been decreasing rapidly, raising concerns about the sustainability of $SOL.Solana’s price witnessed moderate fluctuations over the past 24 hours. As of the time of writing, the SOL price hovered at $132.65, marking a decrease of 0.60%. According to <a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the 24-hour trading volume surged by 84.22% to $2,442,314,982, indicating a significant increase in trading activity. The cryptocurrency ranks 5th by market cap, which currently stands at approximately $61.91 billion.SOL experienced an initial upward movement, peaking near $136, but this momentum was short-lived. The price soon entered a consolidation phase, hovering around the $130 to $132 range, indicating a lack of strong bullish momentum. The $130 level has emerged as a significant support zone during this consolidation. However, if $SOL fails to maintain this level, the next support could be around $128. Further below, $126 could act as another support, serving as a safety net if the price continues to decline.Related: <a href="https://cryptotale.org/dogecoin-on-the-verge-of-a-bullish-breakout-analysis/" rel="noopener noreferrer nofollow">Dogecoin on the Verge of a Bullish Breakout: Analysis</a>On the resistance front, $134 has proven to be a notable hurdle, where the price faced rejection after the recent peak. The $136 level is even more crucial, as it represents the highest point on the chart. A successful breakout above this level could signal a bullish continuation, but this seems challenging given the current market sentiment.<a href="https://cryptotale.org/solanas-volume-drop-vs-dogecoins-rsi-surge-whats-next/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana’s Volume Drop vs. Dogecoin’s RSI Surge: What’s Next?

CryptoTale

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