The cryptocurrency market has recorded a significant correction over the past few hours. With this investors are storming the internet with questions like Why has crypto dropped? Talking about the reason, as per the latest news, DeepSeek, a Chinese AI startup, has mixed wonder and alarm in Silicon Valley.
Reportedly, it has displayed breakthrough AI models that can offer identical implementation to the leading global chatbots at a fraction of the cost. Following this, the AI segment experienced the highest volatility within a short period.
On the other hand, many investors are considering this to be an excellent opportunity to invest in crypto. With the Altcoin season index dropping to 41, is this a good time to buy altcoins? In this article, we have covered the market sentiment of the 4 most volatile cryptocurrencies.
Dogecoin (DOGE)
The Doge memecoin has recorded a double-digit drop in the last 24 hours. With a correction of 10.89% and a trading volume of $3.304 billion, the largest memecoin by market cap has displayed a negative action for the 3rd consecutive day.
The Moving Average Convergence Divergence (MACD) records an increase in the red histogram with its averages displaying a similar price action. Moreover, with a bearish action in its SMA indicator, the DOGE price hints at a negative outlook this week.
If the bulls regain momentum, the Dogecoin price could surpass its resistance level of $0.325 and head toward its high of $0385. Conversely, a bearish action could pull the price toward its low of $0.265 in the upcoming time.
Planning on investing in DOGE meme coin before its achieves the $1 mark? Read Dogecoin Price Prediction for the possible long-term mysteries.
OFFICIAL TRUMP (TRUMP)
The Trump memecoin price has lost 17.37% from its valuation with a trading volume of $3.621 billion, a change of -25.31%. Despite recording a weekly correction of 55.65%, the Donald Trump meme coin has a market capitalization of $5.125 billion.
The Relative Strength Index (RSI) is hovering close to the oversold range in the 1D time frame. Furthermore, with its SMA indicator acting as a resistance, the TRUMP meme coin price may continue losing value in the coming time.
Maintaining the price above its support level of $24 could result in the price retesting its high of $37 this month. On the contrary, if the bears outrun the bulls, the Trump coin could break down its crucial support level of $24.
Sui (SUI)
With a drop of 12.98%, the Sui crypto price has recorded the highest correction among the top 20 cryptocurrencies. Moreover, this altcoin has wiped over 25% from its valuation in the last seven days, suggesting a sharp rise in the negative sentiment.
The Simple Moving Average (SMA) constantly acts as a support to the price chart in the daily time frame. Moreover, the MACD indicator records a significant rise in the red histogram. This indicates an increase in the selling-over-buying pressure for the altcoin in the crypto market.
If the bulls regain dominance, this could result in the Sui coin price retesting its upper resistance level of $4.750. However, if the bears maintain their hold, this altcoin could retest its low of $2.8850.
Solana (SOL)
The SOL price dropped 11.83% in 24 hours with a trading volume of $7.695 billion. Moreover, it has lost over 15% in seven days, highlighting an increase in the bearish price action. With a market cap of $109.54 billion, it has secured the 05th position.
The RSI indicator records a strong bearish rejection around its overbought range in the Solana price chart. However, its EMA 50/200-day displays a bullish trend. This indicates mixed-price action for the altcoin this week.
Suppose, the market bulls regain power, this could result in the SOL price retesting its high of $270. Conversely, a sustained bearish action could pull the price toward its important support level of $210 in the coming time.
Considering to stack SOL tokens before the Solana ETF approval? Read Solana Price Prediction to understand the potential long-term price projection.
FAQs
Amid increased adoption of cryptocurrencies in the cross-border financial system, the Doge coin price could surpass the $1 mark this year.
If the bullish sentiment sustains, the Trump coin price will reach a maximum trading value of $100 this year.
With a 24-hour trading volume of $1.478 billion, this altcoin is currently valued at $3.5697.
The SOL crypto could achieve a new ATH of $400 this year if the market favors the bulls.
At the time of writing, the value of one SOL crypto token was $226.58.
