Are SOL, DOGE, XRP And ADA Preparing For ‘Disbelief Pump’?

4h ago•

bullish:

bearish:

SOL holds $122 support, targeting $192 in breakout scenario.
ADA consolidation may end; $0.85 target if momentum builds.
XRP targets $3 after breakout from long-term downtrend resistance.

The crypto market appears to be setting up for its next big move, and several altcoins are showing early signs of strength. According to an analyst, many tokens are moving into the final stages of their correction, and the next breakout could trigger what the analyst called a ‘disbelief pump,’ a sudden surge that catches many off guard after weeks of sideways action.

Solana (SOL) Eyes Breakout From Bull Flag

Solana is one of the stronger altcoins at the moment, currently forming a bull flag pattern and retesting important support levels.

As long as SOL holds above $122, the token remains in a favorable position for a sharp rally. If a breakout happens, the price could quickly climb toward the $192 level in the coming days.

Cardano (ADA) Ready for a Shift

Cardano has spent several weeks trading sideways between $0.50 and $0.55, but this consolidation has helped the token stabilize ahead of a move higher.