In Ali Martinez’s latest report, he sheds light on the critical technical analyses for Dogecoin
$
0.225742, Solana
$
174, Stellar, and Toncoin, capturing the attention of the crypto world. He points out that each cryptocurrency stands at a pivotal threshold, stirring interest about their future paths. Particularly, the focus is on whether Dogecoin can break through the $0.26 resistance and if Solana will surpass the $186 ceiling. Meanwhile, Stellar and Toncoin’s formations suggest potential new price trajectories.
Dogecoin and Solana’s Resistance Tests
According to Martinez, Dogecoin may continue to trade sideways unless it can break the $0.26 barrier. With trading around the $0.22 mark and a 3% decline over the past 24 hours, the sense of “compression” grows. Should the selling pressure ease, the potential for an upward breakout remains possible. Increased buying volume might propel the asset toward a new momentum aiming at $0.30. Conversely, short-term profit-taking could push the price to test $0.20.
In the Solana market, the spotlight is on the $186 level. Despite a 2.6% daily drop, the current price of approximately $172 still provides psychological support. Martinez suggests a decisive close above $186 could first lead to $200, then open doors to a “parabolic” bull run. With the RSI avoiding oversold conditions and on-chain data showing positive signals, technical grounds are solid for a possible leap. On the downside, if buying appetite weakens, interim support at $160 or further decline to $148 might become relevant.
Formations Dictating Stellar and Toncoin’s Paths
In the Stellar (XLM) chart, the rising channel appears to have broken downward. Trading at $0.28, the price risks retreating to $0.26 due to low volume. The analyst indicates that defending $0.27 is crucial to prevent this slide from turning into a “panic.” Regaining the channel’s lower edge could prompt XLM investors to reconsider the $0.31 target. Conversely, a weekly close might accelerate the search for lower lows.
Toncoin is consolidating around the $3.00 mark, and the narrowing symmetrical triangle formation strengthens directional prospects. A closure beneath the lower trend line could trigger a correction towards $2.70. However, a high-volume breakout above the triangle’s upper boundary holds potential for a sharp rise to $3.40. In this scenario, momentum indicators would jointly signal a “buy” for the first time in months. Investors are advised to keep their stop levels current regardless of the scenario.
