DOGE faces resistance, SOL’s tussle continues as whales swarm to new memecoin

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Dogecoin is looking bullish if it closes above $0.17, Solana is eyeing $170 support, and Rebel Satoshi is gaining traction among whales with its Arcade meme, GameFi, NFT, and product integration.

The crypto community is still buzzing with excitement following the approval of Spot Ethereum ETFs by the US SEC. However, the market has not yet reacted positively. Top altcoins like Dogecoin (DOGE) are facing major resistance, and Solana (SOL) continues to battle the bears.

Meanwhile, a new GameFi memecoin, Rebel Satoshi Arcade (RECQ), has emerged as a promising development. Even though the market remained below expectations, whales flocked to pre-sales, signaling confidence in its potential.

Rebel Satoshi Arcade: The best of GameFi and NFTs

Rebel Satoshi Arcade (RECQ) is the talk of the crypto community and is becoming the new favorite of not only retail but also whales. These large-cap investors are circling this new altcoin at the intersection of memes, GameFi, and NFTs and are taking advantage of the pre-sale.

In the 2nd phase of the ICO, almost 80% of the tokens were sold out, which indicates nothing but confidence from investors. The low entry point is one of its many appeals, with a token price of $0.0044. According to leading analysts, early investors could see 65x earnings post-launch, making it a horse worth backing.

Another layer of its appeal is its ecosystem ready to compete with the biggest and most popular. There will be an arcade with a variety of fun and engaging games for rebel players to have fun and win prizes. There will also be an NFT marketplace and a product store where the RECQ token fuels the ecosystem and is ready for mass adoption.

Dogecoin: Encountered great resistance

Dogecoin (DOGE) is a name known to almost everyone in the crypto space. It pioneers the memecoin movement as the first entertainment-inspired and dog-themed cryptocurrency. Its launch took place in 2013 and has been among the top altcoins ever since.

However, given the volatile nature of crypto, things are not going so smoothly for the first dog-themed cryptocurrency. It traded up and down, rising and falling rapidly. This time, it is facing major resistance between $0.17 and $0.20 and it looks like the bulls do not have enough firepower to overcome these levels.

There is reason to be excited if the week closes above $0.17: We could see DOGE trading above $0.20. However, if the $0.165 support fails to hold, the bears will be alerted like whales and lead to a selling wave. But this is a bull market and the long-term outlook remains bullish, making Dogecoin one of the best cryptocurrencies to invest in.

Solana: The conflict between bulls and bears continues

Solana (SOL), one of Defi powerhouses, is among the top ten cryptocurrencies. It emphasizes its leading position in the altcoin list, falling behind only Ethereum (ETH) and Binance Coin (BNB). Therefore, institutional appetite is growing and it looks like Ether is next on the list of altcoins to be wrapped in an ETF after the SEC’s green light.

But despite the broader bullish trend, Solana has remained unusually quiet. The conflict between bears and bulls continues at full speed; The former has a slight advantage. A close below $160 this week could lead to more red.

On the other hand, a rise above $170 will increase investors’ confidence. Many will be willing to bet on Solana’s rising momentum (a scenario that is likely to happen) and place it on the list of best cryptocurrencies to invest in.

Solution

Although Dogecoin is facing significant resistance and Solana’s battle with the bears continues, bulls are betting on a price increase. Meanwhile, Rebel Satoshi Arcade, an up-and-coming GameFi memecoin, is booming in pre-sale, making its launch one to remember.

To learn more, visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

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