Bull Run Paused? Solana, Dogecoin, and XYZVerse Could Lead the Charge by 2025

The cryptocurrency market may be experiencing a lull, but signs indicate a possible resurgence by 2025. The potential of Solana (SOL), the popularity of Dogecoin (DOGE), and the emergence of XYZVerse are digital currencies that could spark significant growth.

Technical Analysis of Solana (SOL)

SOL has exhibited notable price movements, rising by 34.50% over the past six months. However, recent fluctuations have resulted in a 19.60% decline in the past month, including an 8.97% drop in the past week. Currently, SOL trades between $160.72 and $214.47.

Technical indicators suggest potential market trends. SOL is below both its 10-day and 100-day Simple Moving Averages (SMAs) at $189.09 and $190.79, respectively. The Relative Strength Index (RSI) is at 33.48, and the Stochastic oscillator is at 16.54, indicating oversold conditions. A MACD level of -2.081 suggests continued bearish momentum.

Key support and resistance levels are crucial for SOL's price movement. The nearest support level is at $141.08; if the price falls below this, it could test the second support at $87.33. On the upside, breaking through the nearest resistance at $248.58 may propel the price towards the second resistance level of $302.

Technical Analysis of Dogecoin (DOGE)

Over the past week, DOGE has fallen by 12.79%, extending a month-long drop of 20.41%. Despite this downward trend, the meme-based cryptocurrency boasts a six-month gain of 153.49%.

Technical indicators suggest that DOGE might be oversold. The RSI is at 28.36, and the Stochastic oscillator stands at 16.03—both below typical oversold thresholds. The 10-day and 100-day SMAs are converging at $0.32, indicating potential price stabilization or a reversal.

DOGE faces resistance at $0.48 and stronger resistance at $0.63. Breaking through these levels could signal substantial upside, potentially leading to double-digit percentage gains. On the downside, support lies at $0.18, with a deeper support level at $0.0257.

Conclusion

With SOL, DOGE, and XYZVerse uniting sports fans and meme culture, these coins are poised to lead the crypto market's surge into 2025.