Solana (SOL), Sui (SUI), and Dogecoin (DOGE) Hit Buy Levels: Price Analysis
The post Solana (SOL), Sui (SUI), and Dogecoin (DOGE) Hit Buy Levels: Price Analysis appeared on BitcoinEthereumNews.com.
Most of the crypto market is in the red, with some of the major altcoins down 3% and more. When the market is going down like this, many traders are running scared. However, the level-headed trader knows that these can be the best times to buy. Stalled US/China talks spook market News out of the US on Thursday, that trade talks between the US and China had “stalled”, has not gone down well for the crypto market so far on Friday. A change to risk-off sentiment has resulted, and crypto is generally down across the board, with traders probably waiting for the US stock market to open so they can assess how far this news will impact traditional markets, and thereby crypto. $SOL a valid buy at $162 Source: TradingView The $SOL price has fallen through the ascending trendline and is currently holding at the major $162 horizontal support line. An M chart pattern has ominously formed. If $SOL falls through the support, the target for the M pattern would be back at $137. However, all the short-term Stochastic RSIs as far as the daily are in an oversold condition. With $SOL resting on some solid support after a 13% correction, a buy at this level with stop loss in place is a valid move. Bulls would be aiming to target a higher high above $187, but this is also major resistance and would be a good place to take profits. A great place for a $SUI buy Source: TradingView In the daily chart, a lot of positives are coming together for $SUI. The price has recently wicked down to touch the 50-day SMA (blue line) and the bottom of the descending channel. This is also a good horizontal support level that coincides with the 200-day SMA (red line). With…
Filed under: News - @ June 1, 2025 12:24 am