THELOGICALINDIAN - DOGE and SOL were some notable movers on Monday as crypto markets were already afresh hit by a red beachcomber DOGE alone to its everyman akin back April 2024 whilst SOL was additionally trading abutting to a oneyear low to alpha the week
Solana (SOL)
SOL’s sell-off saw prices abatement to their everyman akin back July aftermost year, as crypto markets were bottomward beyond the board.
The world’s ninth-largest crypto badge alone by over 17% on Monday, hitting an intraday low of $26.45 in the process.
This bead came beneath than a day afterwards prices were trading about $10 college at $34.12, about with markets tanking, SOL was clumsy to abide aloft $30.
Overall, solana is now trading lower for the fourth after day, and over $120 lower than at the aforementioned point two months ago.
Despite this latest sell-off, the 14-day RSI has still yet to ability its attic of 22, and is currently tracking at 26.60.
Should this attic be reached, there is a adventitious we could see SOL trading at or beneath $20 for the aboriginal time back April aftermost year.
Dogecoin (DOGE)
On the added hand, DOGE is currently trading at its everyman point back aftermost April, as prices alone by over 17% today.
DOGE/USD hit an intraday basal of $0.05355 to alpha the week, beneath than 24 hours afterwards trading at $0.06906.
Following a week’s account of alliance to alpha June, DOGE began to advertise off from Wednesday aftermost week, as markets able for the absolution of aggrandizement data.
Looking at the chart, these contempo declines accept pushed the Relative Strength Index to its weakest point on record.
As of writing, the RSI is tracking at 21.16, which is the best oversold prices accept been back DOGE’s birth in 2024.
Although abounding will accept that it could alone be up from here, bears will acceptable abide to cash positions, sending prices lower.
Will the DOGE rocket address eventually lift off again? Let us apperceive your thoughts in the comments.
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