In a recent tweet, Lunar Crush revealed that Solana has had more total social engagements than ETH in the last six months. The data comes from multiple social channels and shows the top altcoins, TON, DOGE, XRP, and BNB, following the trend.
Ethereum (ETH)
With the following wedge breakout in the daily chart, the Ethereum price action reveals a bullish trend ahead. The uptrend in the altcoin surpasses the crucial 50-day EMA and is ready to reclaim the $2,700 mark. The Ethereum price is trading at $2,646, following the last-night recovery run of 2.55%; a bullish engulfing candle teases an uptrend continuation. With the next resistance at $2,878 near the 200-day EMA, the rising social engagement of Ethereum bolsters the chances for the biggest altcoin.
Solana (SOL)
The recent bullish reversal in SOL price from the $125 support zone is facing opposition near the $150 psychological mark. Nevertheless, with the potential morning star forming at the 50-day EMA, the upside chances are increasing for the altcoin to challenge the $163 swing high. Based on the Solana price action, the upside targets are present at $187 and $201.
Dogecoin (DOGE)
With a triangle breakout rally in the daily chart, the Dogecoin price is ready for a bullish trend ahead. However, Dogecoin's price struggles to bounce from the 50-day EMA as it shifts sideways. Currently, the altcoin is trading at $0.1082, as it asserts dominance over the $0.10 psychological mark. With the next resistance at the 200-day EMA at $0.1177, the Dogecoin price will likely challenge the 23.60% Fibonacci level at $0.1239. With a long-coming triangle pattern breakout, the V-shaped recovery in Dogecoin teases a high likelihood of a trend reversal rally. Furthermore, in the recent surge in social engagement, Dogecoin revealed 1.36 billion engagements, which has increased by 10 million.
Conclusion: The growing social engagement and positive price trends of these altcoins indicate potential new highs. Attention to such cryptocurrencies on social platforms boosts their stance and fuels interest among traders and investors.
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