Solana

Spike

Rekt (rektarb.xyz)

Rekt

<p>In the latest Rekt Capital newsletter, the crypto analyst provided insights on the performance of Solana (SOL) against USDT. The analyst noted that a drop to $158 was anticipated due to SOL’s rejection from resistance. </p> 
<p>This update notes that SOL rebounded exactly at $159, rallying towards the confluent resistance marked by a red box and blue diagonal, ultimately breaking through those levels. The previous week’s rejection, paired with this week’s strong upward movement, indicates a weakening of the blue diagonal which had been a point of rejection since March. </p> 
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 <img loading="lazy" decoding="async" width="1024" height="686" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-1024x686.png" alt="" class="wp-image-579139" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-1024x686.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-300x201.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-767x514.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-1536x1029.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-2048x1372.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-224x150.png 224w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-522x350.png 522w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-205-788x527.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-205.png 1794w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Consequently, it appears likely that <a href="https://www.google.com/search?q=Solana+price%27&amp;oq=Solana+price%27&amp;gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIJCAEQRRg7GI8CMgcIAhAAGI8C0gEIMTU2NGowajSoAgCwAgE&amp;sourceid=chrome&amp;ie=UTF-8" target="_blank" rel="nofollow">SOL price</a> will close the week above this resistance area, with the potential for a dip into this zone to establish new support, positioning the asset for a move toward the $202 level.</p> 
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/is-bittensor-tao-price-set-to-soar-bullish-reversal-points-to-major-gains/" target="_blank">Is Bittensor (TAO) Price Set to Soar? Bullish Reversal Points to Major Gains!</a></em></strong></p> 
<h2 class="wp-block-heading" id="dogecoin-could-consolidate-for-a-while">Dogecoin Could Consolidate for a While </h2> 
<p>Switching focus to <a href="https://www.coingecko.com/en/coins/dogecoin" target="_blank" rel="nofollow">Dogecoin (DOGE)</a>, the analyst reflected on last week’s newsletter discussion regarding DOGE’s preparation for a retest of the May/June highs. Previously, these highs had served as resistance, but DOGE managed to find support at that level earlier this month. </p> 
<p>Following this, DOGE successfully retested that level as new support, leading to a remarkable +30% uptrend. The asset has adhered to the anticipated path, revisiting the significant $0.20 highs. </p> 
<p>While a rejection from this resistance is expected, it is not anticipated to be as severe as earlier rejections this year. <a href="https://newsletter.rektcapital.co/email/1b0b1ddf-7fbf-4ad4-832a-5d1456e9c771/?ref=rekt-capital-newsletter" target="_blank" rel="nofollow">The analyst cautioned </a>to watch for a potential weakening of the black $0.20 level as resistance. </p> 
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/why-is-aave-price-pumping/" target="_blank"> Why is AAVE Price Pumping?</a></em></strong></p> 
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 <img loading="lazy" decoding="async" width="1024" height="686" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-1024x686.png" alt="" class="wp-image-579131" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-1024x686.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-300x201.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-767x514.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-1536x1029.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-2048x1372.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-224x150.png 224w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-522x350.png 522w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-204-788x527.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-204.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Although a rejection here is normal, any subsequent retrace is likely to be shallower than previously experienced. </p> 
<p>Overall, it seems that DOGE will likely fluctuate between the blue $0.16 level and the $0.20 black resistance unless there is a monthly close above the black level, which would set the stage for further upside movement.</p> 
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<p>The post <a href="https://captainaltcoin.com/solana-price-positions-for-spike-above-200-breaking-8-month-resistance-doge-must-break-key-level-for-more-upside/">Solana Price Positions for Spike Above $200, Breaking 8-Month Resistance; DOGE Must Break Key Level for More Upside</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Solana Price Positions for Spike Above $200, Breaking 8-Month Resistance; DOGE Must Break Key Level for More Upside

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