In the face of a temporary slowdown in the upward trend of the crypto market, expectations for significant movements for Solana, Dogecoin, and XYZVerse are building as early 2025 approaches.
Current State of the Crypto Market
Donald Trump's election victory has triggered major changes in the crypto market, setting the stage for an unprecedented bull run. Despite this, major coins showcase modest double-digit gains, while meme coins take the spotlight. XYZVerse has emerged as a new player, believed by analysts to have the potential to change the game.
Analysis of Solana (SOL)
Over the last six months, SOL has seen a 34.50% increase in price. However, in the last month, it dropped by 19.60%, including an 8.97% decrease in the past week. SOL is trading between $160.72 and $214.47, reflecting significant volatility. Technical indicators point to potential market trends. SOL is below both the 10-day and 100-day Simple Moving Averages. The Relative Strength Index (RSI) at 33.48 indicates potential oversold conditions, while the MACD level of -2.081 suggests bearish momentum may continue.
Dogecoin (DOGE) Dynamics
In the past week, Dogecoin has fallen by 12.79%, extending a month-long drop of 20.41%. Nonetheless, it has achieved a six-month gain of 153.49%, highlighting its volatile nature. Technical indicators suggest Dogecoin might be oversold. The Relative Strength Index is at 28.36. If Dogecoin overcomes resistance levels, it may signal a significant upside. However, prices could drop below support levels.
Despite temporary difficulties, the cryptocurrencies Solana and Dogecoin show potential for growth. Meanwhile, XYZVerse stands out as a promising sports meme cryptocurrency attracting the attention of fans and investors.
