Market Technical Analysis by RoboForex

[Vlad RF]

Tokenisation accelerates Solana: SOL prepares for another test of 120 USD

SOLUSD is holding around 115.59 after a strong September rally, while the value of tokenised real-world assets on the Solana network has reached a new all-time high.

Technical outlook

On the H4 timeframe, SOLUSD maintains a bullish structure after a sharp rise from the 100 area. The price reached the 119–120 zone before correcting and is now consolidating around 115.59.

SOLUSD is consolidating after a strong rally but remains broadly bullish.

Read more at RoboForex Website

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[Vlad RF]

DOGEUSD under dual pressure: payments grow while investor interest declines

Dogecoin's practical use is gradually increasing, which could support further growth in its price. The current price is 0.0952.

Technical outlook

On the H4 chart, DOGEUSD formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, the price could continue the upward wave as the pattern signal plays out, with resistance around 0.1000 serving as the upside target.

The main risk to further DOGEUSD gains remains buyers' inability to break above the 0.1000 resistance level and consolidate above it.

Read more at RoboForex Website

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team