Indicator Turns Bullish for DOGE and SOL—Will the Prices Trigger a New Parabolic Wave to the ATH?
The cryptocurrency market is about to enter the end of the year, which has increased the optimism among market participants. Bitcoin surged to form a new ATH, which is currently passive, suggesting that altcoins may take over the rally. However, the popular products in the top ten have already started to rise well. Now that the technical picture has turned bullish for Dogecoin (DOGE) and Solana (SOL), a huge rally could be coming soon.
The TD Sequential Indicator is considered a powerful tool for determining the exact time of trend exhaustion and reversal. The indicator just issued a buy signal on DOGE and SOL, with prices expected to rebound any time from now. also, Dogecoin Price Accumulation within a tight range indicates a strong breakout due to a significant decrease in selling pressure.
Despite increasing upward pressure, DOGE price remains in an ascending triangle, indicating a bullish pattern. An increase in trading volume indicates increased trading activity, which may sustain the coin’s volatility. On the other hand, the RSI has triggered a rebound from its lower bound, while the MACD is about to post a bullish crossover, validating the bullish proposition. Therefore, Dogecoin price is believed to continue accumulating within this pattern, peaking in early 2025, and then breaking out to a new ATH.
Will Solana (SOL) Price Hit a New ATH in 2025?
As mentioned earlier, this indicator also sends a bur signal for Solana, indicating a potential trend reversal. After a strong rebound, the price is firmly heading towards $200, and a yearly close above these levels could activate higher targets above $300. At the same time, a temporary bearish impact may be concerning, which may prevent the rise above $200.
The daily chart is SOL price Looks bullish as the coin sparks a storm rally. However, the Ichimoku Cloud, which turned bearish, remains within the trend, suggesting that a bearish reversal may hinder the progress of the rebound. Conversely, MACD is showing declining selling pressure and a potential bullish crossover. Until then, concerns about a drop below $185 may plague Solana price gains.
Dogecoin (DOGE) and Solana (SOL) prices have reached key targets, so a steady rise above their respective resistance levels could resume strong gains in the coming days.
