Crypto Price Trends: Ali Martinez Predicts SOL Falling Below $120 & DOGE Breakout Above $0.21!

Crypto analyst Ali Martinez has noted important crypto price trends. He predicted the risks for the SOL price while hinting at a possible bullish reversal for the DOGE price. Technical analysis tools show that Solana is experiencing higher selling pressure, and Dogecoin can be on the verge of breaking out.

Solana Faces Strong Selling Pressure

Solana’s price has maintained steady downward momentum, currently trading at $126.28. It has declined by 0.16% in the last interval and 2.46% over the last day. The Relative Strength Index (RSI) is at 44.46, which indicates a neutral but bearish direction.

Chart 1 – SOL/USD live price, published on TradingView, March 29, 2025.

A significant warning comes from the TD Sequential indicator, which has flashed a sell signal on the 12-hour chart. Martinez noted that since making an all-time high in January 2024, Solana has fallen 53%. A sell signal from the same indicator previously resulted in a 20% recovery, but current momentum portends additional weakness.

The price of SOL is between $129 and $140, and analysts are marking $140 as a major resistance level. If Solana breaks above this threshold, it could target $178. However, failure to maintain buying pressure could lead to a drop below $120.

From a broader perspective, the 20-day EMA suggests that Solana is at a key level. A breakout might push SOL higher, while a breakdown could lead to deeper correction levels. Despite short-term concerns, Solana’s network growth remains strong. It’s $314 million in bridged assets from Ethereum, signaling long-term potential.

Dogecoin Nears Critical Resistance Levels

Unlike Solana, the DOGE price appears to be preparing for a bullish move. Key resistance levels have been identified at $0.177 (8% of total supply) and $0.208 (7% of total supply), making these areas crucial for price movements.

Chart 2 – DOGE/USD live price, published on TradingView, March 29, 2025.

At present, the DOGE price trades at $0.17199, reflecting a 0.37% drop in the last interval and a 4.53% decline in the past day. The RSI is 35.05, nearing the oversold zone. If it falls to 30, investors may experience a reversal caused by too much selling pressure.

Martinez highlighted that when Dogecoin surges above $0.21, it may create a strong bullish momentum. If this resistance is not broken, then the range-bound trading will continue, with support at $0.17.

Technical Analysis Indicators Signal Risks and Opportunities

Technical analysis indicators show a complex market situation. While Solana’s TD Sequential sell signal indicates caution, Dogecoin’s oversold RSI shows potential. Martinez’s comments show that Solana can experience further drops. However, Dogecoin can have a rally if significant resistance is broken.

For Solana, the key level to observe is $140; a break above it would propel prices upward. However, a failure to hold above it could result in additional losses. The SOL price direction is uncertain, with both bullish and bearish potential.

For Dogecoin, a break above $0.21 would confirm a bull reversal. But if resistance is overcome, the DOGE price may stay stuck between $0.17 and $0.21 until additional catalysts enter the picture.

What’s Next? Market Sentiment Shift Dictates Next Steps

Both SOL price and DOGE price are at critical market levels, with crypto price trends showing different trajectories. Market sentiment shifts will determine whether Solana extends its losses or rebounds, while Dogecoin’s RSI signals a possible recovery. Investors should closely monitor technical analysis indicators and resistance levels before making trading decisions.