The sentiment around two of the most discussed cryptocurrencies — Dogecoin (DOGE) and Solana (SOL) — is at the center of attention for traders and analysts. Expert Ali Martinez, known for his technical analyses in the crypto space, has presented his latest observations based on powerful tools like TD Sequential, SuperTrend, and URPD.
Solana Forecast: Sell Signal According to TD Sequential
Solana has seen a significant drop of around 53% from its peak value in January, sparking increased interest among traders about whether a new entry opportunity is forming or if further decline lies ahead.
TD Sequential
Martinez highlights the 12-hour chart, where the Tom DeMark Sequential indicator has issued a sell signal — a sign of a possible local top and a potential correction.
Interestingly, the same indicator previously predicted a bottom in SOL, followed by a 20% upward movement.
What’s Next?
While Solana moves through a correction zone, traders should watch for confirmation of the signal through volatility and trading volume.
Dogecoin: Key Levels and Breakout Potential
Dogecoin is also on Martinez’s radar, as he uses URPD analysis (Unspent Realized Price Distribution) to identify the most significant price zones based on recent transactions.
Key Zones
- Support level: $0.177
- Resistance level: $0.207 – $0.21
Volumes:
- 8% of DOGE was moved at $0.177
- 7% was moved at $0.208
SuperTrend Signal
The SuperTrend indicator, used to identify trends and buy/sell signals, suggests that Dogecoin has a chance to break upward if the price exceeds $0.21, which could trigger a rally of at least 9%.
Conclusion:
Martinez’s analysis shows contrasting signals for Solana and Dogecoin — while SOL receives a warning for a potential decline via the TD Sequential, DOGE appears poised for a breakout at a key level. For both cryptocurrencies, trading volume behavior and market sentiment in the coming days will be crucial.
Investors should stay alert and use technical indicators in combination with sound risk management to successfully navigate the current volatile crypto market.
This article is for general informational purposes only and is not intended to be, nor should it be considered, legal or investment advice.
