Market volatility is rising because of President Trump’s reciprocal tariffs and the release of U.S. nonfarm payroll numbers this week. This means that cryptocurrencies will have a wild week. Bitcoin has dropped significantly to $82,432.00, and the Crypto Fear and Greed Index has fallen to 25 (fear zone). Three significant cryptocurrencies—Solana (SOL), Polkadot (DOT), and Cronos (CRO)—are at necessary support and resistance levels during this time of uncertainty. This week, you should be aware of these digital items. Let’s look more closely at why.
- Solana (SOL): Critical Breakdown Approach
Currently, $119.5 is a key support mark for Solana, one of the most well-known layer-1 blockchain networks. Since April of last year, the price has tried this level more than once, suggesting that bears are unwilling to short below it. But if SOL falls below this level, it could mean that the price has broken down in a bearish way, which could send it as low as $100.
- Cronos (CRO): Bullish Surge
Another name for Cronos is Crypto.com Coin. It has been one of the best producers in the cryptocurrency market lately. In the past week, CRO has increased by 30%, a significant rebound from its yearly low of 54%.
Cronos’ price went up after Crypto.com teamed up with Trump Media to start ETFs, and the community decided to make 70 billion new CRO tokens for a Strategic Crypto Reserve. The community also decided to burn 50 million CRO tokens, which reduced the supply and made things look better for bulls.
- Polkadot (DOT): Bullish Breakout
Polkadot is another coin that is at a turning point. DOT is trading at $4.08 right now, just above a key support level of $3.60. Polkadot has failed to break below this level several times since 2022, which shows that it has generally been important.
Interestingly, Polkadot has made a falling wedge pattern, which usually indicates that prices will increase again.
Conclusion
It’s the most volatile time ever for the market, and Solana, Polkadot, and Cronos are all at essential levels that could determine their short-term trends. Solana could drop below $119.5, Cronos is rising sharply, and Polkadot wants to break out to $12.
