SOL and DOGE Price Analysis for January 2

Price Analysis
Tue, 01/02/2024 - 16:15
Cover image via www.tradingview.com
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Bulls are back in the game, according to CoinStats.

Top coins by CoinStats

SOL/USD

Solana (SOL) is the biggest gainer among the top 10 coins, rocketing by 7.76%.

Image by TradingView

Despite today's sharp rise, the price of SOL is trading in the middle of the channel, and one should focus on the daily closure.

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If it happens near $118, the accumulated energy might be enough for a move to $125. In another case, sideways trading between $105 and $115 is likely to continue.

SOL is trading at $113 at press time.

DOGE/USD

The price of DOGE has risen by 2.24% over the last day.

Image by TradingView

Today's rise has not affected the technical position of DOGE on the daily time frame. If the bar closes with a long wick, bulls have low chances to seize the initiative again. In this regard, traders may witness a correction to the $0.09 area.

DOGE is trading at $0.09219 at press time.