As we reported at Kriptokoin.com , the cryptocurrency market has started to rise with Bitcoin (BTC) reaching the $ 100,000 level. However, major altcoins are also taking positions for new peaks. In addition, Solana, popular meme coin Dogecoin and XRP are among the tokens that stand out in this uptrend. Each has potential supported by strong technical indicators and on-chain activity. Here are the details…
Solana (SOL): Upside Potential
Solana stands out with its strong performance supporting the uptrend in the crypto market. However, the SOL price has recently bounced off the critical support level of $205 and has risen to $230. On-chain activity has also gained momentum with daily trading volume exceeding $6 billion. According to Coinglass data, Solana’s long/short ratio reached 1.05, its highest level since November 2024.
Technical indicators suggest that Solana is testing the $240 resistance level. If the price breaks this level, a rally to $269 is possible. However, the decline in trading volume will limit price movements. However, if the bulls maintain control, SOL is likely to continue its rise.
Popular Meme Coin DOGE: Whale Movements and Expectation of a Drop
Dogecoin , despite being among the popular meme coin projects, has been on a downtrend in recent days. Whale Alert also reported that a whale recently transferred 146.6 million DOGE to Robinhood. Such large transfers usually create selling pressure and lead to a price drop. However, technical analysis shows that DOGE has formed an inverted hammer formation at the $0.42 resistance level, signaling a bearish signal.
The meme coin price is currently trading below $0.42. Further moves below this level are likely to drag the price down to $0.35. However, the 200-day EMA is still supporting the uptrend . Unless the bulls make a strong move, there is a possibility of further declines in the price of Dogecoin (DOGE).
XRP: Towards New Highs
XRP has been drawing attention with both technical and fundamental indicators recently. An analyst named Dark Defender predicts that XRP could rise to $5 in the short term. Stating that XRP has completed the ABC correction wave on the daily time frame, the analyst emphasizes that the critical resistance of $2.52 should be overcome. It is stated that when this resistance is overcome, the price could rise to $5.85.
Ripple Labs’ NYDFS approval for its RLUSD stablecoin could provide liquidity to the XRP ecosystem, supporting the price. Furthermore, the possibility of a drop in the SEC case could be a major driver for XRP. Whale addresses have shown long-term accumulation by purchasing 100 million XRP during the recent declines. These moves further increase XRP’s bullish potential.
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