A well-known crypto analyst has shared insights on the current state of various altcoins, with a particular focus on Dogecoin (DOGE).
According to the analyst, Dogecoin is at a critical juncture, with resistance at the $0.26 level playing a key role in determining its future trajectory.
The analyst’s chart indicates that $0.26 is a crucial level for DOGE, marking a potential trend shift point for the meme-based cryptocurrency.
At the time of writing, Dogecoin is trading at $0.22, reflecting a 3.3% decrease over the past 24 hours.
Shifting focus to Solana (SOL), the analyst believes that a breakout above $186 could trigger a significant rally, potentially pushing the price past $3,000.
Currently, Solana is priced at $172, showing a 2.6% decrease on the day.
Regarding Stellar (XLM), the analyst suggests that it may experience a correction after breaking below a diagonal support level.
XLM is currently trading at $0.28, representing a 1.5% decrease for the day.
Lastly, the analyst points out that the native asset of the layer-1 platform Toncoin (TON) is on the verge of breaking out of a symmetrical triangle pattern.
TON is currently priced at $3.00, showing a slight increase on the day.
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Image credit: Midjourney