The Fibonacci indicator on the SOL/USD chart suggested a potential increase towards $223. XRP displayed a bullish pennant formation, indicating a breakout, while DOGE's price might drop to $0.19. The Bollinger Bands analysis showed that SATS was overbought, suggesting a possible drop to $0.00050.

With a surge in market activity, Coin Edition analyzes the performance of four cryptocurrencies that have gained significant attention recently.

Solana (SOL)

Solana (SOL) broke through the $190.94 resistance on March 29 following a period of consolidation. However, the Relative Strength Index (RSI) indicated a pause in the previous bullish trend.

Given this scenario, SOL's price could potentially fall below $195 in the short term. Yet, a resurgence in buying pressure may drive the token's value higher. The 0.618 Fibonacci level hinted that a major pullback might not be imminent.

Instead, SOL's price could continue to climb based on other Fibonacci levels. Looking ahead, barring any market downturn, SOL has the potential to rise to $223. In a highly bullish market, the price might even reach $293.