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Weekly Crypto Watchlist: Solana, Polkadot, and Cronos in Focus
The cryptocurrency market has been a whirlwind of activity over the past few days, with many altcoins experiencing significant price movements. As we head into the first week of April 2025, investors are likely looking for guidance on which assets to focus on. In this watchlist, we’ll be taking a closer look at three projects that have been making headlines: Solana (SOL), Polkadot (DOT), and Cronos (CRO).
Solana (SOL)
Solana’s price has been trending downwards over the past few days, currently trading at $125.40 with a loss of 0.54% in the last day and 10.64% in the past week. However, the project is still holding strong near a critical support level at $119.5. The area around this price has historically been a zone of resistance for sellers, which could provide an opportunity for buyers to jump back in. A break below this level would signal increased bearish momentum and potentially lead to a decline towards $100.
On the other hand, if SOL can manage to hold this line, it may be poised for a rebound towards $160-$180 later this month.
Polkadot (DOT)
In contrast, Polkadot has been making some serious gains in recent days. Its price has surged by 12% in the last week and is currently trading at a significant resistance level at $0.09802. A successful breakout above this area could be the catalyst for a move towards the Fibonacci retracement level of $0.133.
The project’s recent momentum can be attributed to its ongoing efforts to push ERC-3643 RWA adoption, as well as the growing importance of decentralized finance (DeFi) in the crypto ecosystem.
Cronos (CRO)
Cronos has also been a standout performer over the past week, with its price increasing by 15%. The project’s recent success can be attributed to a combination of factors, including its collaboration with the HBAR Foundation and the Japanese government’s plans to treat cryptocurrency like stocks under new rules.
While the project is currently approaching the significant resistance level at $0.09802, a successful breakout could pave the way for a move towards $0.133 Fibonacci retracement level.
In conclusion, Solana, Polkadot, and Cronos are three projects that investors should be keeping an eye on in the short term.
Source: https://www.crypto-news-flash.com/weekly-crypto-watchlist-solana-polkadot-and-cronos-in-focus/?utm_source=rss&utm_medium=rss&utm_campaign=weekly-crypto-watchlist-solana-polkadot-and-cronos-in-focus
