After a strong rally in early this week, the crypto market has been consolidating. Bitcoin’s recent return to $94,000 helped traders’ confidence. Although most altcoins have suffered in this market correction, Dogecoin and Solana could be a good investment in the next few weeks.
DogecoinDOGE), Solana (SOLOndoONDOThe ecosystem is a catalyst for, which could lead to a rally within weeks. Bitcoin has been trying to gain back its former glory after the U.S. president Donald Trump softened on his tariff stance. “digital gold” Title, there are several altcoin rallys that could bring gains to traders.
What to expect if Bitcoins pull back?
Bitcoin had a strong start to the week, regaining the level of $94,000 before settling down at the mid-week correction. Bitcoin traded near $93,000 in the early hours of Thursday. Market-wide, altcoins that are in the top thirty cryptocurrencies according to market capitalization have been affected by the crypto correction. Tokens began a small recovery over the last 24 hours.
Bitcoin’s recent pullback revealed two important support zones as well as a stubborn resistance over $95,000. Bitcoin’s current phase of consolidation is driven by two important support zones between $88,465 – $91,935 & $85,230 – $87,076. The closing of consecutive daily candles below these levels may signal a new downward trend for Bitcoin.
Top three Bitcoin tokens for the bull run
This is the total market capitalization of all crypto currencies, including Bitcoin and Ethereum.ETH() has been lagging in recent months. Altcoins have historically found support in the $837-$850 billion range.
Top altcoins may yield profits for their holders once the market cap of altcoins reaches this level. Dogecoins, Solanas and Ondos could see their prices rise with the pending price rally.
By April 2025 the market value of altcoins, including Bitcoin and Ethereum, will have grown by 2,2% from $797 billion dollars to $815 milliards. The value of altcoins could increase if similar conditions are present. It is possible that altcoins could rally if Bitcoin dominates the market and becomes the biggest cryptocurrency.
Dogecoin price, Solana and Ondo forecast
Dogecoin started trading on Thursday at $0.18047. The biggest meme coin may rally by nearly 20% to test resistance near $0.21465. This is a significant resistance level which coincides with the lower border of an imbalance area on the DOGE/USDT price chart.
The RSI (a momentum indicator) is reading 59 and the MACD, a price trend indicator, shows underlying momentum for DOGE, as green bars are flashing over the neutral line. The technical indicators are bullish for meme coin. Traders can expect to see a rebound next week.
Both momentum indicators, RSI & MACD are pointing to a rise in the SOL daily chart. RSI is 64 with a slope upwards. The RSI is still well below the “overbought” When the level reaches 70, it is usually a signal to sell.
MACD displays successively larger green histograms above the neutral level, which indicates that Solana is on a trend upwards.
SOL may extend its gains of 18%, and could test the resistance level at $180. The closing of a daily candlestick above this support level could be a sign that the phase of consolidation is over and a new upward trend has begun in Solana.
The Ethereum alternative token is supported by the $125 mark.
Ondo may also experience gains over the next few weeks as the token breaks out of its phase of consolidation. If the daily candlestick is above $0.98, it could indicate that Ondo has begun an upward trend.
ONDO may be forced to reach resistance around $1.1895 if it gains 21%. The $1.0667 resistance level is an intermediate one. ONDO may find support at the $0.8174 level. A decline below this could lead to a liquid sweep, which could then trigger a return towards R1 or R2 levels.
Bitcoin experts believe the price of Bitcoin will only rise a limited amount, paving way for an altcoin rally
CoinShares bi-weekly digest Published on 24 April, the report notes that digital asset ETFs have seen inflows totaling $1 billion. This brings weekly inflows up to $2.4 Billion. Along with rising inflows has come a drop in the ETH/BTC rate, which is now at 0.018.
CoinShares’ analysts think Bitcoin is only limited in its upside. Minor developments in cryptocurrency prices are causing price fluctuations. While tariff policy remains a major driver for volatility, it is not the only one. Bitcoin has reversed gains made earlier in the week, causing traders to be cautious. Innokenty isers, the Chief Executive Officer of Paybis’ crypto exchange said to Crypto.news.
Bitcoin started to reverse its growth pattern in the past 24-hours and now is hovering at $92,507.12, an indicator that the current rally could not be sustainable. The current market outlook indicates that Bitcoin’s price could face stiffer resistance in the future.
Investors have been a bit concerned about the uncertain tariff situation in the past two months. Many decided to avoid volatile assets such as Bitcoin.
The Federal Reserve also highlighted the potential inflationary risk that a tariff war could bring. There are still clear signs of BTC accumulation by market whales and institutional investors despite this.
DOGE SOL ONDO all could be a beneficiary of the rising crypto adoption
Ethereum is the biggest altcoin. It’s also a popular token that gets labeled “a”. “zombie” Some circles have reported that has added 1.83 millions new users within a week. The hope is for greater crypto adoption, and a rise in demand for altcoins. IntoTheBlock’s data indicates a 40% increase in Ethereum usage.
Altcoins like meme coins, and altcoins in general could be benefited by the growing interest of new crypto users. Dogecoin is a meme coin that’s considered to be a “blue-chip” by many. Solana has firmly established itself in the top 10 cryptocurrency list. Ondo an RWA token which is gaining in popularity, could also benefit from the influx of users.
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Source: crypto.news
