Dogecoin has been among the top-traded tokens, which has been attracting enough liquidity, which has maintained the volatility. Meanwhile, the latest price action has remained stuck within a narrow range, hinting towards a drop in the bullish and bearish pressures. While the spot market remains uncertain, the whales seem to be confident of the upcoming price action as they continue to transfer huge amounts of DOGE but without impacting the DOGE price rally.
As per the data from a popular reporting platform, Whale Alert, an interesting transfer of over 478 million DOGE between two unknown wallets was reported. Another data from Santiment shows these whales have been on a selling spree since the first week of April. Despite the growing selling pressure over the token, the trade setup suggests the Dogecoin (DOGE) price is due for a major breakout, which may clear the path towards $0.2.
The short-term price action of Dogecoin suggests the token is stuck within a decisive symmetrical triangle and is ranging along the support to reach the edge of the consolidation. The Stochastic RSI has reached the upper threshold, while the bears are trying to trigger a bearish crossover. The historical pattern suggests that the RSI could remain around the upper threshold for a while, which may help the price to keep up the bullish momentum.
On the other hand, MACD has turned bullish after the selling pressure was outpowered by a notable increase in the buying pressure. With this, the Dogecoin (DOGE) price is expected to rise and test the resistance of the triangle. Meanwhile, the supporting volume has not yet registered, which may reduce the pace of the rally. However, a rise above $0.17 may validate a rise above bearish influence, and until then, the price is expected to remain consolidated within a narrow range.
Bitcoin has once again made a strong comeback, reclaiming the $80,000 level after dipping to a four-month low. This recovery has brought fresh optimism among investors, but uncertainty still lingers as key U.S. CPI data is expected to come on March 12.
Bitcoin’s Recent Price Swing
Bitcoin slipped to around $76,800 just days ago, triggering concerns about a deeper sell-off. However, the cryptocurrency quickly rebounded and now holds steady above $82,000. Despite this, Bitcoin is still down 14% in 2025 and remains 26% below its all-time high.
One of the key reasons behind Bitcoin’s recent dip was the reaction to former U.S. President Donald Trump’s proposal for a national Bitcoin reserve. Initially, the announcement created excitement, but when no actual government purchases followed, investors felt let down.
Alongside this, broader economic concerns, including inflation fears, rising interest rates, and trade tensions, have also weighed on Bitcoin’s price. While the recent recovery shows strength, experts warn that volatility is far from over.
Strong RSI Seeing a Recovery
From a technical perspective, Bitcoin’s derivatives market is showing signs of stability. The annualized premium on Bitcoin futures remains at 4.5%, even after the sharp decline between March 2 and March 11.
This is a positive sign, as, during previous major crashes, this premium dropped to zero or even negative levels, signaling extreme panic.
Additionally, the Relative Strength Index (RSI), which measures price momentum, has risen from 30 to 40, suggesting that selling pressure is easing. However, for Bitcoin to confirm a strong recovery, the RSI must move above 50.
What’s Next for Bitcoin?
If Bitcoin continues its upward trend, analysts predict it could quickly move toward $90,000. However, the coming days will be crucial in determining whether this recovery is sustainable or if another dip is on the horizon.
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Bitcoin has once again made a strong comeback, reclaiming the $80,000 level after dipping to a four-month low. This recovery has brought fresh optimism among investors, but uncertainty still lingers as key U.S. CPI data is expected to come on March 12. Bitcoin’s Recent Price Swing Bitcoin slipped to around $76,800 just days ago, triggering …
Solana price has recovered recently, with the cryptocurrency experiencing a 40% increase in value over the past 10 days. The SOL price surge comes as 71% of traders with open positions on Binance are betting on Solana’s upward movement. The rally has sparked increased optimism among investors, with many expecting further gains soon.
Traders Predict Solana Price Bullish Momentum
According to crypto analyst Ali Charts, many traders on Binance are positioning themselves for Solana’s continued upward movement. The data shows that 71.87% of traders with open Solana positions are betting on its price rise. This sentiment aligns with the recent surge in Solana’s value, which has increased by 40% from $95 on April 7 to approximately $133 on April 17.
This growing confidence is reflected in the trading volumes, which soared 33% in the last 24 hours to $4.53 B.
In addition, the rising interest from institutional investors, such as real estate fintech firm Janover, which added over $10 million worth of Solana to its holdings, has also contributed to the bullish sentiment. Moreover, with the launch of Solana-based ETFs in Canada on April 16, optimism for the SOL price rally is continuing to grow.
Institutional Involvement in Solana’s Growth
Solana has recently attracted significant institutional interest, with firms like Janover doubling their holdings. Janover, for instance, purchased 80,567 SOL tokens for $10.5 million, bringing its total treasury to 163,651 SOL. This move, as a result, signals a growing belief in Solana’s long-term potential as an investment asset.
Similar to the playbook of MicroStrategy’s Bitcoin strategy, Janover’s actions suggest that more traditional financial entities are exploring Solana for its growth potential and staking opportunities.
Moreover, the growing institutional adoption of Solana is not just limited to investments but also extends to its infrastructure. Coinbase has recently upgraded its Solana infrastructure to provide faster block processing and improved RPC performance.
Liquidity Inflows Strengthen Solana’s Market Position
Concurrently, another key factor contributing to Solana’s recovery is the increasing liquidity inflow into the network. Data from deBridge shows that over $120 million in liquidity was bridged from other blockchains to Solana over the past 30 days.
Ethereum contributed the largest portion, transferring $41.5 million to Solana. This influx of capital strengthens Solana’s position as a leading blockchain network, supporting its price movement.
The liquidity flow has coincided with a broader resurgence in Solana’s decentralized exchange (DEX) activity. In Q1 2025, Solana led all chains in DEX trading volume, capturing 39.6% of the market share with $293.7 billion in volume. These trends indicate a heightened demand for Solana’s services, fueling investor optimism.
SOL Price Analysis Backs Bullish Breakout
According to an analysis from TradingView, Solana’s price has broken out from a falling wedge pattern, which is typically seen as a bullish signal in technical analysis. This breakout occurred after Solana rebounded from a multi-year support trendline near $95 and moved above the upper trendline of the wedge at $120.
Traders now look toward a potential SOL price target of $200, representing a 50% increase from the current price level. As of press time, the SOL price was trading at $134, a 4.50% surge from the day’s low and 23% up from the weekly low.
SOL/USD price chart (source: TradingView)
In addition, Solana’s Relative Strength Index (RSI) has increased from 33 to 55 since early April, indicating rising bullish momentum. However, for Solana’s price recovery to remain intact, it must maintain support above the 50-day simple moving average (SMA) at $130 and overcome resistance between $160 and $180, where the 100-day and 200-day SMAs lie.
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