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SOL/USDT
Solana (SOL) turned down from the 20-day EMA ($33.84) on Sept. 15, indicating that the sentiment remains negative and bears are selling on minor rallies.
The SOL/USDT pair could decline to the strong support at $30. This level was resilient during the onslaught between Aug. 28 and Sept. 7 and gave a bounce to $39 on Sept. 13. Short-term traders may again expect a bounce off $30 and are likely to buy the dips to this level.
The rebound off the support could continue to face hurdles at the 20-day EMA and then again at the 50-day SMA ($36.95). If the price closes above this resistance, it could open the doors for a possible up-move to $48. Conversely, if the $30 level cracks, the pair could slide to the vital support at $26.
DOGE/USDT
Dogecoin (DOGE) has continued its slide and is near the strong support of $0.06. The price rebounded off this level on Sept. 7; hence, it may again attract buyers.
A break and close above the 20-day EMA ($0.06) will be the first sign of demand building up at higher levels. The DOGE/USDT pair could then rise to $0.07. This level may again act as a resistance but if bulls push the price above it, the pair could rise to $0.08 and thereafter to $0.09.
If the price slips below the immediate support at $0.06, the pair could slide to the June low near $0.05. The bears will have to sink and sustain the price below this level to signal the start of the next leg of the downtrend. The pair could then extend the decline to $0.04.
DOT/USDT
The bulls attempted to start arecovery on Sept. 14 but higher levels attracted selling by the bears. Polkadot (DOT) turned down on Sept. 15 and the bears are trying to sink the price below the immediate support of $6.75.
Buyers had successfully defended the $6.75 level on two previous occasions; hence, a break and close below it may intensify selling. The DOT/USDT pair could first drop to $6.50 and later to the crucial support at $6.
As the previous three recoveries have turned down from the 50-day SMA ($7.86), it remains the key level to watch out for on the upside. The bulls will have to overcome this barrier to start a rally to $9.17 and then to $10.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
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