Cryptocurrencies Price Prediction: Memecore, Solana & Dogecoin — Asian Wrap 05 August
|Top Crypto Gainers: MemeCore drives crypto rally, Mantle and Litecoin target higher resistance
MemeCore (M) leads the broader cryptocurrency market recovery, with a 25% surge over the last 24 hours, followed by Mantle (MNT) and Litecoin (LTC), which rebounded 16% and 10%, respectively. The technical outlook for MemeCore suggests an overbought risk, while Mantle and Litecoin are expected to surpass key resistances for further gains. MemeCore loses steam by over 2% at press time on Tuesday following the 31% gains from the previous day. The uptrend surpassed the 23.6% trend-based Fibonacci level at $0.5430, with bulls targeting the 50% retracement level at $0.7968.
Solana Price Forecast: Sol steadies near $168 as Seeker mobile device shipments begin
Solana (SOL) price hovers around $168 at the time of writing on Tuesday after recovering nearly 7% in the past two days. This recovery is further supported by the news on Monday that Solana has started shipping its Seeker mobile device to more than 50 countries, a move that could further expand its ecosystem reach. Derivatives data shows that SOL’s funding rates have flipped positive, and improving trader sentiment, adding to the growing optimism for SOL’s near-term outlook.
Dogecoin Price Prediction: DOGE tackles $0.21 resistance after 5% gain, but derivatives remain weak
Dogecoin (DOGE) is up 5% on Monday, joining the general crypto market in showing recovery signs. In a bid to offset a 35% decline in the past two weeks, the top memecoin is tackling the $0.21 resistance, strengthened by key technical indicators. The weakness in DOGE is also reflected in its futures open interest, which has been declining steadily alongside its price.
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