The global crypto market value increased by over 2 percent in the last 24 hours to $1.43 trillion. Meanwhile, SHIB, SOL, and DOGE have broken above key resistance levels on their charts over the past few days, according to crypto expert Steven Walgenbach. The expert says that these 3 altcoin projects wink at more profits.
These 3 altcoins may continue to climb!
As you follow on Kriptokoin.com, the new week started with high morale. Leading cryptocurrency Bitcoin rose towards the mid-37 thousand dollars. The leading altcoin Ethereum managed to rise above the 2 thousand dollar level. Additionally, news that the US and Binance had agreed on a deal contributed to the positive mood in the market. During this period, the global crypto market reached the level of 1.43 trillion dollars.
Following this rise, Shiba Inu (SHIB), Solana (SOL) and Dogecoin (DOGE) may continue to climb next week, according to the crypto expert. The expert notes that all these altcoin prices have broken above important resistance levels on their respective charts. He also notes that these tokens show no signs of slowing down. Expert SHIB evaluates the technical picture of SOL and DOGE.
Popular meme coin Shiba Inu (SHIB) comes first
SHIB briefly fell below the $0.00000847 support level in yesterday’s trading session. However, the bulls managed to increase the price of the cryptocurrency and close the trading session at $0.00000867. If Meme coin closes today’s daily candle above this mark, it is possible that it could start a journey towards the next major resistance level at $0.00000925 in the short term.
Daily chart for SHIB. Source: TradingViewThis bullish thesis will be invalidated if SHIB closes today’s daily candle below the $0.00000847 support level. In this more downside scenario, it is possible that traders will start selling some of their SHIB holdings. This is likely to cause the altcoin price to drop as low as $0.00000775 over the next week.
Second ranked altcoin: Solana (SOL)
SOL managed to break above a key resistance level throughout the past trading day. According to TradingView, during this time the altcoin surpassed the $59.60 threshold. Moreover, it continues to trade above this key point at the time of writing.
Daily chart for SOL. Source: TradingViewA close of today’s candle above this mark could provide SOL with the foundation it needs to rise to the next resistance level at $68.65. Conversely, this bullish thesis will be invalidated if there is a daily candle close below $59.60. This is likely to trigger a wave of profit-taking by traders. In this case, it is possible for the altcoin price to drop to $53 in the next few days.
Finally, there is the original meme coin Dogecoin (DOGE)
DOGE briefly touched the $0.07755 support level yesterday. It then closed yesterday’s candle at $0.08046. The long wick below the current daily candle indicates that the bulls are still trying to push the altcoin price higher. If buyers can gain the upper hand over the bears in the next 24 hours, DOGE is likely to rise as high as $0.08270 in the next 48 hours.
Daily chart for DOGE. Source: TradingViewA daily close above this major resistance level could set the DOGE price to climb higher over the next few days. If the buying pressure continues, it is possible that DOGE will rise to $0.08665. On the other hand, if the price of the original meme coin falls below $0.07755 in the next few days, the bullish thesis will most likely not come true. As a result, it is possible for the altcoin price to drop as low as $0.07240.
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