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BTC, SOL and DOGE Price Analysis for September 3

Price Predictions
Fri, 09/03/2021 - 13:24
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Denys Serhiichuk
Can the altcoins keep growing faster than Bitcoin (BTC)?
BTC, SOL and DOGE Price Analysis for September 3
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls keep controlling the situation on the market; however, some coins have come back to the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Yesterday, the Bitcoin (BTC) price continued to grow moderately and broke the psychological level of $50,000. The daily high is set at $50,390.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Sellers responded with a fairly strong bearish impulse, which brought the BTC price back to the two-hour EMA55.

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This level of average prices limited the decline and, today, buyers may try to recover to the summer high zone of $52,000.

Bitcoin is trading at $50,203 at press time.

SOL/USD

Solana (SOL) is the biggest gainer from the list, rising by 20% since yesterday.

SOL/USD chart by Trading View
SOL/USD chart by Trading View

Solana (SOL) set its new peak at $146 today against a rising trading volume. At the moment, some traders may have begun fixing their long positions, which means that a correction may occur.

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BTC, BNB and XRP Price Analysis for August 24

In this case, one needs to wait for a false breakout of the support at $130.

SOL is trading at $139.51 at press time.

DOGE/USD

DOGE is the only loser from the list as its rate has declined by 2.74%.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

From the technical point of view, DOGE is located in a sideways trend between the support at $0.2612 and the resistance at $0.3495. If bulls break the resistance and fix above it, there is a high chance of seeing an ongoing rise to the next level at $0.4483.

DOGE is trading at $0.2981 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.