Größte Umzugshelfer: DOGE, SOL erreichte 1-Jahrestief, als Cryptos abstürzt

DOGE and SOL were some notable movers on Monday, as crypto markets were once again hit by a red wave. DOGE dropped to its lowest level since April 2021, whilst SOL was also trading close to a one-year low to start the week.

Solana (SOL)

SOL’s sell-off saw prices fall to their lowest level since July last year, as crypto markets were down across the board.

The world’s ninth-largest crypto token dropped by over 17% on Monday, hitting an intraday low of $26.45 in the process.

This drop came less than a day after prices were trading almost $10 higher at $34.12, however with markets tanking, SOL was unable to remain above $30.

Biggest Movers: DOGE, SOL Hit 1-Year Lows as Cryptos Crash
SOL/USD – Daily Chart

Overall, solana is now trading lower for the fourth consecutive day, and over $120 lower than at the same point two months ago.

Despite this latest sell-off, the 14-day RSI has still yet to reach its floor of 22, and is currently tracking at 26.60.

Should this floor be reached, there is a chance we could see SOL trading at or below $20 for the first time since April last year.

Dogecoin (DOGE)

On the other hand, DOGE is currently trading at its lowest point since last April, as prices dropped by over 17% today.

DOGE/USD hit an intraday bottom of $0.05355 to start the week, less than 24 hours after trading at $0.06906.

Following a week’s worth of consolidation to start June, DOGE began to sell off from Wednesday last week, as markets prepared for the release of inflation data.

Biggest Movers: DOGE, SOL Hit 1-Year Lows as Cryptos Crash
DOGE/USD – Daily Chart

Looking at the chart, these recent declines have pushed the Relative Strength Index to its weakest point on record.

As of writing, the RSI is tracking at 21.16, which is the most oversold prices have been since DOGE’s inception in 2015.

Although many will believe that it could only be up from here, bears will likely continue to liquidate positions, sending prices lower.

Tags in dieser Geschichte

Will the DOGE rocket ship eventually lift off again? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.




Bildnachweise: Shutterstock, Pixabay, Wiki-Commons

Haftungsausschluss: Dieser Artikel dient nur zu Informationszwecken. Es ist kein direktes Angebot oder Aufforderung zur Abgabe eines Angebots zum Kauf oder Verkauf, oder eine Empfehlung oder Befürwortung von Produkten, Dienstleistungen, oder Firmen. Bitcoin-Tidings.com bietet keine Investition, MwSt, legal, oder Buchhaltungsberatung. Weder das Unternehmen noch der Autor sind dafür verantwortlich, direkt oder indirekt, für alle Schäden oder Verluste, die durch oder in Verbindung mit der Nutzung oder dem Vertrauen auf Inhalte verursacht oder angeblich verursacht wurden, Waren oder Dienstleistungen, die in diesem Artikel erwähnt werden.

Lesen Haftungsausschluss