Dogecoin and Solana rebound after consecutive losses By Investing.com
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On Friday, (DOGE) and (SOL) managed to bounce back following two consecutive days of losses. DOGE witnessed a surge from a low of $0.05747 to an intraday peak of $0.05873, after finding support at the critical $0.0580 level. The next resistance level is expected to be at $0.0595. The relative strength index (RSI) for DOGE also rebounded, moving from 31.00 to an interim ceiling at 33.20, with the next potential level being 35.00.
In a similar fashion, SOL rallied from a two-week low of $21.07 to reach an intraday high of $21.59, as traders capitalized on the dip near its own support level at $21.00. If the current price strength around 50.00 holds, market participants may aim to push SOL above the $22.00 mark over the weekend.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters
On Friday, (DOGE) and (SOL) managed to bounce back following two consecutive days of losses. DOGE witnessed a surge from a low of $0.05747 to an intraday peak of $0.05873, after finding support at the critical $0.0580 level. The next resistance level is expected to be at $0.0595. The relative strength index (RSI) for DOGE also rebounded, moving from 31.00 to an interim ceiling at 33.20, with the next potential level being 35.00.
In a similar fashion, SOL rallied from a two-week low of $21.07 to reach an intraday high of $21.59, as traders capitalized on the dip near its own support level at $21.00. If the current price strength around 50.00 holds, market participants may aim to push SOL above the $22.00 mark over the weekend.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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