Bitcoin stops falling and rebounds! SOL is approaching 200 USD, DOGE golden cross is imminent.

The cryptocurrency market is experiencing a rebound after two days of pullback, with Bitcoin (BTC) rising 1.24% on August 21, ending its consecutive decline. Platform Tokens and popular alts are warming up simultaneously, with SOL accumulating a rise of over 6% since the 20th, as long positions aim for the 200 USD mark; DOGE has rebounded nearly 6% from the 100-day moving average and is close to triggering a golden cross buy signal.

SOL is approaching key resistance, long positions targeting 200 USD

(Source: Trading View)

As of August 21, SOL is at 188 USD, continuing the previous day’s 6.65% pump and successfully standing above the 50-day EMA. The technical analysis shows that SOL is approaching the 61.8% Fibonacci pullback level of 191 USD (calculated from the January high of 295 USD and the April low of 95 USD). If the closing price breaks above this level, it is expected to challenge the July 22 high of 206 USD.

The daily chart shows that the MACD and the signal line are converging near the zero axis, and the direction of momentum has not yet been fully established; the RSI is at 55, slightly above the midline, indicating a bullish market bias. However, if it falls below the 50-day EMA (175 USD), it may retest the 50% pullback level of 167 USD support.

DOGE golden cross approaching, rebound targeting 0.2407 USD

(Source: Trading View)

DOGE rebounded 5.85% from the 100-day EMA on Wednesday, closing at $0.2091, and further rose to $0.2227 on Thursday. The short-term target is the resistance level at $0.2407, which was last tested on August 17. If it breaks through, it will likely challenge the descending trend line formed by connecting the highs from December last year and January this year, and restart the medium-term upward trend.

Technically, the MACD and signal line are trending down near the zero axis, indicating that momentum remains weak; the RSI is flat at the 50 level, which is a neutral range. However, the 100-day EMA is gradually crossing above the 200-day EMA, and a golden cross buy signal may appear in the short term. If DOGE falls below 0.2091 USD, it may test the 0.1909 USD support.

Conclusion

With Bitcoin stopping its fall and rebounding, popular crypto assets like SOL and DOGE are showing strong recovery momentum. The longs for SOL are challenging the 200 USD mark, while DOGE is expected to experience upward momentum driven by a golden cross. However, technical indicators show that there are still volatility risks in the short term, and investors should closely monitor changes in key support and resistance levels. For more real-time market data and professional analysis, please follow the official Gate platform.