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BTC, SOL and DOGE Price Analysis for September 3

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Fri, 3/09/2021 - 13:24
BTC, SOL and DOGE Price Analysis for September 3
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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

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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.

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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.

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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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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%.

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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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