Renowned crypto analyst and trader, Credible Crypto, highlights a critical moment for a competitor of Ethereum, Solana. With a substantial following of 396,500 on X, he warns that if Solana fails to maintain support at $140, it could experience a significant drop to $115. Credible Crypto emphasizes the importance of this level, indicating a potential turnaround for Solana and Dogecoin if Bitcoin reverses its current trend.
Analyzing the charts, Credible Crypto suggests that Solana could continue its upward trajectory and reach $230 before turning bearish. Currently trading at $155, Solana has experienced a 5% increase in the last 24 hours. In terms of Bitcoin, Credible Crypto notes that the cryptocurrency’s bullish trend may be at risk if it fails to hold $60,000 as support. With bids at $62,000-$65,000 and asks at $67,000-$68,000, Bitcoin and other altcoins have reached the downside targets predicted by the analyst.
Looking ahead, Credible Crypto predicts a potential bounce for Bitcoin, leading to a surge to around $77,000. Bitcoin is currently trading at $68,457, with a nearly 2% increase in the last 24 hours. Lastly, Credible Crypto underscores the importance of Dogecoin holding support at $0.13 to achieve a bounce to $0.19. With Dogecoin trading at $0.14 and experiencing a 5.4% increase in the last 24 hours, the analyst advises caution for investors looking to navigate the volatile crypto market.
In conclusion, Credible Crypto’s insights offer valuable guidance for navigating the fluctuations in the cryptocurrency market. As trends evolve and prices fluctuate, staying informed and exercising due diligence is crucial for making informed investment decisions.
