Altcoins on the Rise: Dogecoin, Solana, and ONDO Lead the Comeback
Crypto Market Finds Strength at Key Support, Altcoins Show Signs of a New Season
Mid-Cap Altcoins Lead New Momentum After Market Rebound
After weeks of consolidation, the altcoin market cap has bounced off the $835 billion support level, sparking renewed interest in mid-cap and smaller tokens. This rebound, highlighted by double-digit weekly gains from Dogecoin, Solana, and ONDO, suggests early signs of a broader altcoin rotation — a familiar pattern seen in previous market cycles.
Bitcoin remains strong, trading near $94,000, with price action supported by continued inflows into U.S.-based spot ETFs. Despite lighter trading volume, prices never dropped below the $92,000 psychological floor, indicating resilience from institutional buyers.
Dogecoin Flirts With Breakout As ETF Speculation Grows
DOGE Price Action and Technical Outlook
Dogecoin (DOGE) is currently priced at $0.1827, boasting a strong +17.12% gain over the past week, despite a negligible -0.01% daily dip. While still down 42.10% year-to-date, DOGE has successfully crossed its 50-day EMA, a technical move that may signal a shift to bullish territory.
Key resistance lies at $0.208, with support between $0.165–$0.155. A breakout above $0.208 could trigger a rally toward the $0.25–$0.30 zone within days.
Fundamentals Fueling DOGE’s Buzz
Dogecoin remains one of the most actively traded memecoins, supported by a $27.21 billion market cap and $1.70 billion in 24h trading volume. The coin gained momentum during “Dogeday” on April 20, where speculation swirled about a potential DOGE ETF filing.
DOGE is also building real-world use cases in tipping, NFTs, and Web3 integrations, helping it stay relevant beyond meme status.
Solana Finds Strength Amid Institutional Interest
SOL Price Levels and Next Targets
Solana (SOL) is trading at $152.92, up +13.36% this week, and holding firm after bouncing from the $145.66 support level. With bulls testing the $153 resistance, momentum indicators are flashing bullish continuation signals.
A breakout could send SOL to $165.80, with upper targets at $180–$200 if institutional sentiment strengthens.
Growing Fundamentals Support Solana’s Rise
Solana remains a top pick among institutional investors, especially as it features in multiple ETF applications currently awaiting SEC approval. The ecosystem is thriving, thanks to NFT activity, DePIN partnerships, and increased validator incentives.
ONDO Surges as Real-World Asset Hype Builds
ONDO’s Technical and Market Position
Ondo Finance (ONDO) has emerged as one of the strongest mid-cap performers, up +20.28% this week and trading near $0.9985. Though still down -25.64% YTD, ONDO has grown +232.57% since inception, with clear signs of increasing investor activity.
If ONDO closes above the $1.00 psychological level, expect targets of $1.14 and $1.28 in short order.
Real-World Asset (RWA) Potential Driving Investor Interest
ONDO is benefiting from the growing excitement around tokenized real-world assets (RWA). A 390% increase in new wallet addresses and its partnership with Visa’s USDG initiative are giving ONDO serious institutional credibility.
Analysts believe ONDO could soon compete with larger DeFi tokens, especially if regulatory clarity arrives.
Outlook: Quiet Bitcoin, Active Altcoins
Despite a neutral Fear & Greed Index score of 52, the altcoin market is stirring. With Bitcoin consolidating between $90,000 and $95,000, the conditions mirror previous altcoin season setups, according to analyst Ash Crypto.
The Federal Reserve’s shift toward slower tightening and potential rate cuts is also increasing liquidity for risk assets, creating a favorable backdrop for altcoin gains. Add to that the growing anticipation for non-Bitcoin ETF approvals, and you have a recipe for further altcoin acceleration.
For now, traders may benefit from scaling into liquid mid-caps, staying alert for macro headlines and ETF news, and watching for volume confirmation across breakout zones.
