Top 3 Potential Cryptos of This Week: Solana, Dogecoin, and Toncoin

The top 3 potential cryptos of this week could be Solana, Dogecoin, and Toncoin. Solana and Toncoin prices were bullish at press time in a daily time frame.

The cryptocurrency market has shown mixed trends over the past few days, with some coins performing well and others struggling to maintain their gains. Among the top 10 cryptocurrencies, Solana (SOL) and Toncoin (TON) have displayed bullish price movements, while Dogecoin (DOGE) has faced selling pressure.

Solana Price Analysis Over 1-D Timeframe

Solana (SOL) price has shown resilience at a crucial support level of $120 since March. This zone appears to be acting as a demand zone, with buying pressure being observed at this level.

Solana 1-D Price Analysis (Source: TradingView)

At press time, the SOL price is seen defending the 200-day EMA and heading towards the 20-day EMA. Observing the chart structure, the price has been attempting to cross the $157 mark for the past few weeks. It managed to cross it once but failed to sustain the gains for a longer period.

If the SOL price begins trading above the 20-day EMA and the trading volume also increases, the buyers might show interest. Crossing the $157 mark could lead to the next hurdle being at $200.

On the other hand, if the digital asset price slips below the $120 mark and sustains, it could be a bearish sign. Most of the sellers might prefer to book profits below the major support level. This could lead to immense selling pressure.

Toncoin Price Is Bullish; Are Buyers Eyeing For A Two-Digit Level?

Toncoin (TON) crypto traded at $7.22 at press time with an intraday gain of 2.42%. The market capitalization was $18.06 Billion, and the 24-hour trading volume was $439.23 Million. The circulating supply was 2.50B TON, and the total supply was 5.51B TON at the time of writing.

Toncoin 1-D Price Analysis (Source: TradingView)

Toncoin crypto price has been rising by forming higher highs and higher lows. At press time, it formed a higher low and a hammer candlestick. The liquidity has almost been grabbed below the $7 level, as per the chart structure.

If the TON crypto price manages to defend the $7 mark, buying momentum can be generated. In case the trading volume shows positive changes, the price may record a new all-time high in the next few days.

On the other hand, if the price fails to respect the higher low and slips below the $7 level, profit booking can be possible. The sellers may drag down the price to the 200-day EMA if the price fails to defend the $6.25 mark.

Will DOGE Price Rebound After The Liquidity Grab?

Dogecoin (DOGE) price has witnessed bearish momentum over the past few weeks. It has slipped below the major support level of $0.130. A bearish crossover has been developed between the key moving averages.

Dogecoin 1-D Price Analysis (Source: TradingView)

If the DOGE price sustains below the $0.130 mark, it may invite sellers and profit booking can be expected. Suppose the buyers lift the price over the 200-day EMA with a rise in trading volume, it may gain solid bullish momentum after the liquidity grab.

Three of them are among the top 10 cryptocurrencies in terms of market capitalization. This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading