Cryptocurrency options trading shows activity with Solana and Dogwifhat exhibiting bullish sentiments, while Official Trump Token reflects caution.
Solana: Rising Trend and Optimistic Expectations
Solana (SOL) price surged to ~$186 before a slight pullback. Options flow supports a bullish trend with open interest in calls significantly outpacing puts. Technical analysis indicates a strong upward trend with SOL positioned above key support levels. A hold above ~$170 could lead to another spike toward the psychological level of $200.
Dogwifhat: Ascending Triangle on Charts
Increased call volumes in Dogwifhat (WIF) indicate a possible breakout. The formation of an ascending triangle reflects rising buying pressure on the charts. Technical indicators support this upward momentum, and a break above $1.10 could see significant movement towards a target of around $2.16.
Official Trump Token: Cautious Sentiment Amid Volatility
Trading flows for Official TRUMP Token ($TRUMP) are relatively subdued, indicating a cautious stance among traders. The token trades at $9-10, down from recent highs of $77, with a bearish short-term trend suggested by technical analysis. The $9.00 price area remains crucial for support.
The overall sentiment in cryptocurrency markets leans bullish for Solana and Dogwifhat, while Official Trump Token faces pressure due to heightened volatility. Traders should closely monitor key price levels as the weekend approaches.
