The post Indicator Turns Bullish for DOGE and SOL—Will the Prices Trigger a New Parabolic Wave to the ATH? appeared first on Coinpedia Fintech News
The crypto markets are heading towards the end of the year, which increases the optimism among the market participants. Bitcoin surged high to form a new ATH and is currently passive, which suggests the altcoins may take over the rally. However, the popular ones within the top 10 have already initiated a decent rise much before. Now that the technicals have turned bullish for Dogecoin (DOGE) & Solana (SOL), a monstrous rally could be fast approaching.
The TD-sequential indicator, used to determine the exact time of trend exhaustion and reversal, is regarded as a powerful tool. This indicator has just flashed a buy signal for both DOGE & SOL, anticipating a price rebound anytime from now. Besides, the Dogecoin price is accumulating within a narrow range, suggesting a strong breakout as selling pressure has dropped considerably.
Despite rising upward pressure, the DOGE price remains in an ascending triangle, indicating a bullish pattern. The increase in volume indicates increased trading activity, which may maintain the token’s volatility. On the other hand, the RSI has triggered a rebound from the lower threshold, while the MACD, which is about to undergo a bullish crossover, validates the bullish claim. Therefore, the Dogecoin price is believed to remain accumulated within the pattern and reach the apex in early 2025, followed by a breakout towards a new ATH.
Will Solana (SOL) Price Mark a New ATH in 2025?
As mentioned earlier, the indicator has also flashed a bur signal for Solana that points towards a potential trend reversal. After a strong rebound, the price is heading firmly towards $200 and a yearly close above these levels may activate the higher targets above $300. Meanwhile, the interim bearish influence could be a matter of concern, which may prevent the rally from rising above $200.
The daily chart of SOL price appears to be bullish as the token has triggered a storm rebound. However, the Ichimoku cloud that turned bearish maintains within the trend, suggesting a bearish reversal could hinder the progress of the rally. Conversely, the MACD shows a drop in the selling pressure and a potential bullish crossover. Until then, the fear of a pullback below $185 could haunt the Solana price rally.
The prices of Dogecoin (DOGE) & Solana (SOL) have reached crucial targets and hence a stable rise above their respective resistance could probably revive a strong upswing in the coming days.