The cryptocurrency market has been consolidating after a recent rally earlier this week, with Bitcoin’s return above $94,000 boosting trader sentiment. While most altcoins experienced a pullback during the market-wide correction, there are three tokens that could potentially yield gains for holders in the coming weeks: Dogecoin, Solana, and ONDO.
Dogecoin (DOGE), Solana (SOL), and Ondo (ONDO) are poised to begin rallying in the near future due to various catalysts in the ecosystem. From U.S. President Donald Trump’s softened stance on tariffs to Bitcoin’s attempt to reclaim its status as “digital gold,” there are several factors that could contribute to upcoming price rallies in these altcoins.
The recent Bitcoin pullback saw the leading cryptocurrency testing key support zones and facing resistance above $95,000. The market correction impacted altcoins in the top 30 by market capitalization, but tokens have shown signs of a slight recovery in the past 24 hours.
Altcoins, excluding Bitcoin and Ethereum, are currently lagging behind in terms of total market capitalization. The zone between $837 billion and $850 billion is crucial for altcoins, as it has historically served as a support level during bull markets. Once the altcoin market capitalization breaks into this zone, top altcoins like Dogecoin, Solana, and Ondo could see significant gains for their holders.
Dogecoin is currently trading at $0.18047 and could potentially rally by nearly 20% to test resistance at $0.21465. Technical indicators suggest a bullish outlook for DOGE in the short term, with momentum indicators like RSI and MACD showing positive signals for the meme coin.
Solana is also showing signs of a potential rally, with RSI and MACD indicators pointing towards an upward trend in SOL’s price. A breakout above key resistance levels could signal the start of an upward trend for Solana, with the $125 level acting as crucial support for the token.
ONDO could also see gains in the coming weeks, with the token breaking out of its consolidation phase. A rally of 21% could push ONDO to test resistance at $1.1895, with support levels at $0.8174 and potential rebounds towards higher resistance levels.
Overall, experts believe that Bitcoin may have limited upside potential, paving the way for an altcoin rally. Rising crypto adoption, particularly in Ethereum, could benefit altcoins like Dogecoin, Solana, and Ondo as new users enter the ecosystem and drive demand for these tokens. It’s important to note that this article does not constitute investment advice and is for educational purposes only.