- Solana coin price demonstrated recovery from the demand zone at press time.
- Dogecoin price has slipped below the major support level.
- Toncoin crypto price is at a higher low and is planning for a new higher high.
The top 3 potential cryptos of this week could be Solana, Dogecoin, and Toncoin. Solana and Toncoin prices were bullish at press time in a daily time frame. The Dogecoin price was bearish as it slipped below the major support level.
Solana Price Analysis Over 1-D Timeframe?
The Solana coin price has defended a significant support level of $120 since March. This zone sounds like a demand zone at press time because buying pressure was observed on this level.
When writing, the SOL price defended the 200-day EMA and headed for the 20-day EMA. According to the chart structure, the price has struggled to surpass the $157 mark for the past few weeks. It tried once but failed to sustain for a longer period.
Assuming the SOL price starts trading over the 20-day EMA and trading volume increases, buyers may show interest. Surpassing the $157 mark might be a sign of the $200 hurdle.
On the other hand, if the digital asset price slips below the $120 mark and is sustained, it might be a bearish signal. Below the major support level, most of the sellers may prefer to book profit. It may lead to intense selling pressure.
Toncoin Price is Bullish; Are Buyers Eyeing for a Two-Digit Level?
Toncoin crypto traded at $7.22 at press time with an intraday gain of 2.42%. The market capitalization was $18.06 Billion, and the 24-hour trading volume was $439.23 Million. The circulating supply was 2.50B TON, and the total supply was 5.51B TON at the time of writing.
Toncoin crypto price has been rising by forming higher highs and higher lows. When writing, it formed a higher low and a hammer candlestick. The liquidity has almost grabbed below the $7 level as per the chart structure.
Suppose the TON crypto price manages to defend the $7 mark, buying momentum can be generated. If the trading volume shows positive changes, the price may record a new all-time high in the next few days.
Alternatively, profit booking can be possible if the price fails to respect the higher low and slips below the $7 level. The sellers may drag down the price to the 200-day EMA if the price fails to defend the $6.25 mark.
Will DOGE Price Rebound After the Liquidity Grab?
Dogecoin price has witnessed bearish momentum for the past few weeks. It has slipped below the major support level of $0.130. A bearish crossover has been developed between the key moving averages.
If the DOGE price sustains below the $0.130 mark, it may invite sellers and profit booking can be expected. Suppose the buyers lift the price over the 200-day EMA with a rise in trading volume, it may gain solid bullish momentum after the liquidity grab.
Conclusion
The top 3 potential cryptos of this week would be SOL, DOGE, and TON. Solana and Toncoin crypto prices have been bullish, but Dogecoin has shown weakness. Three of them are among the top 10 cryptocurrencies in terms of market capitalization.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
