Massive launch of Dogecoin (DOGE) and Solana (SOL) coming soon: What to expect

The cryptocurrency market expects token unlocks exceeding 250 million USD over the next seven days. The most notable are the linear unlocks of the #Solana و DOGECOİN, which are two assets with a fragile market structure. Meanwhile, $SOL faces a much larger unlock valued at 61.83 million USD (465,770 SOL), with $DOGE expected to be issued.
DOGE
0.16479
+10.76%
Tokens worth 14.69 million US dollars (95.89 million DOGE),
Despite $AVAX also experiencing a launch of $11.65 million, #DOGE و SOL is under significant pressure due to its technical conditions. The price of DOGE hovers around $0.145, just above the key support level. All major moving averages (, including the 50, 100, and 200 exponential moving averages, are above the current price, indicating a slight recovery in the recent price movement but an overall bearish trend.
Around 31, the Relative Strength Index )RSI( shows an overbought condition, which may indicate a short-term recovery. However, there are risks associated with the issuance of new tokens. If more supply enters a market that already lacks a strong bullish trend, the price of DOGE may drop below $0.145, and it may retest the $0.12 level. This asset may experience a long-term decline unless bulls quickly recover above $0.18.
The situation is similar to the price of SOL. It is currently trading around $134, having already dipped below its 200-day exponential moving average, and is struggling to maintain the $130 range. Momentum is weak, and the relative strength index is in the mid-thirties. The planned issuance of $61 million in the coming days raises further downside risks. In the absence of a strong recovery above $150-155, the price of SOL may drop to $120, which would weaken the entire market.
Although the unlocking of these tokens is partially priced in and known in advance, the risks increase when they coincide with a drop in prices and a decline in market confidence. Both DOGE and SOL may experience faster sell-offs if the current support levels collapse amid increasing token trading. Traders should monitor changes in trading volume and slight increases in volatility as the token unlocking period continues.)#PI #BTC