Credible Crypto, a well-known cryptocurrency analyst and trader, shared important support levels for Solana (SOL), Bitcoin (BTC), and Dogecoin (DOGE). The analyst emphasized that these levels are crucial for the ongoing rallies of these cryptocurrencies. Furthermore, the analyst noted that synchronized critical levels for SOL, DOGE, and BTC could lead to temporary relief for Solana and Dogecoin if the largest cryptocurrency rebounds from its bottom levels.
Solana and Dogecoin Analysis
Credible Crypto, who has a large following on X, highlighted that Solana is at a decisive point. According to the analyst, Solana could face a significant drop to $115 if it falls below its $140 support. The analyst views the $140 support level as a potential relief zone and has closed his short positions to observe the market reaction.
Currently, SOL is trading at $155, reflecting a 5% increase in the last 24 hours. Credible Crypto’s analysis indicates that Solana could stay within its upward trend and potentially reach $230 before facing downward pressure. This underscores the importance of the $140 support level for maintaining upward momentum.
The analyst stated that Dogecoin is at a critical point. Credible Crypto emphasized the importance of DOGE staying above its $0.13 support level to facilitate a bounce around $0.19. If DOGE manages to stay above this support level, it could offer an exit opportunity for those who bought at higher levels. DOGE is currently trading at $0.14, up 5.4% in the last 24 hours, and its rise depends on its ability to maintain the $0.13 support.
Bitcoin Analysis and Commentary
On the other hand, Credible Crypto stated in his analysis of the largest cryptocurrency Bitcoin that the $60,000 support level is crucial and warned that the upward trend could be jeopardized if the price fails to stay above this level.
Bitcoin recently reached its downward target with offers between $62,000 and $65,000 and visible demands above $67,000 to $68,000. BTC is trading at $67,457, up about 2% in the last 24 hours, and the analyst expects Bitcoin to rise to around $77,000 after touching bottom levels. However, caution is necessary as a drop below $60,000 could endanger the sustainability of the current upward trend.
