According to Coins.ph, after Bitcoin ($BTC) experienced a short-term dip last week, key support levels are now under pressure, influencing the near-term price action for major tokens including Ethereum ($ETH), Ripple ($XRP), Solana ($SOL), and TRON ($TRX). Traders are closely monitoring these critical supports to determine potential reversal or breakdown scenarios, which could set the tone for both short-term and mid-term trading strategies across the crypto market. Chart data from Coins.ph highlights that breaches or holds at these support zones may result in significant volatility and provide actionable setups for active traders. Source: Coins.ph Twitter, June 2, 2025.

According to @SmartContracter on Twitter, Solana (SOL) is approaching a critical resistance level. A daily close above this resistance would be a strong bullish indicator, potentially opening the path for SOL to target the $220 price level. Traders are closely monitoring the resistance zone as a confirmed breakout could lead to increased trading volume and renewed bullish momentum in the crypto market (Source: @SmartContracter on Twitter).

According to Trader Tardigrade, a significant breakout has occurred on the DOGE/SOL pair on the daily chart, as confirmed by recent technical analysis (source: Trader Tardigrade on Twitter, May 10, 2025). This breakout indicates heightened momentum and potential volatility, drawing attention from both short-term and swing traders seeking to capitalize on trend shifts. The move can influence paired trading strategies and may impact liquidity flows between Dogecoin and Solana, both of which are among the top trending altcoins. Traders should closely monitor volume spikes and support-resistance zones for confirmation of sustained direction.