Crypto market consolidates after a rally earlier this week; Bitcoin’s return above $94,000 supported trader sentiment. While most altcoins suffered a pullback in the market-wide correction, three tokens could yield gains for holders in the coming weeks: Dogecoin, Solana and ONDO.
Dogecoin (DOGE), Solana (SOL) and Ondo (ONDO) could begin rallying in the coming weeks amidst several catalysts in the ecosystem. From U.S. President Donald Trump’s softening stance on tariffs to Bitcoin’s attempt to reclaim the “digital gold” title, a few altcoin rallies are pending and could yield gains for traders.
Bitcoin pullback and what to expect
Bitcoin started the week strong, making a comeback above the $94,000 level before correcting mid-week. Early on Thursday, Bitcoin hovered close to the $93,000 support level. The market-wide crypto correction affected altcoins in the top 30 cryptocurrencies by market capitalization, and tokens have kicked off a slight recovery in the past 24 hours.
The Bitcoin pullback highlighted two key support zones for BTC and a sticky resistance above $95,000. The two support zones, between $88,465 and $91,935 and $85,230 and $87,076, are key to Bitcoin’s current consolidation phase. Consecutive daily candlestick closes under these levels could signal the beginning of a downward trend in Bitcoin.
Bitcoin bull run strategy, top three tokens to watch
The total crypto market capitalization excluding Bitcoin and Ethereum (ETH) is currently lagging behind. The zone between $837 billion and $850 billion is important for altcoins and has served as a support level in previous bull markets.
Once the altcoin market capitalization breaks into this zone, top altcoins could yield gains for holders. Tokens like Dogecoin, Solana, and Ondo, with pending price rallies, could climb higher.
In April 2025, the altcoin market cap excluding Bitcoin and Ethereum grew by 2.2%, from $797 billion to $815 billion. Similar market conditions could drive value higher. If Bitcoin dominance slips and the largest cryptocurrency declines, it could pave the way for an altcoin rally.
Dogecoin, Solana and Ondo price forecast
Dogecoin traded at $0.18047 early on Thursday. The largest meme coin could rally nearly 20% and test resistance at $0.21465, a key resistance level that coincides with the lower boundary of an imbalance zone on the DOGE/USDT daily price chart.
RSI, a key momentum indicator, reads 59, and the MACD shows underlying positive momentum in DOGE’s price trend, with green histogram bars flashing above the neutral line. Technical indicators paint a bullish picture for the meme coin in the short term; traders could expect a recovery next week.
The Solana daily price chart paints a similar picture with both momentum indicators, RSI and MACD signaling a rally in SOL price. RSI reads 64 and is sloping upwards. It remains well under the “overbought” level at 70, that typically generates a sell signal.
MACD flashes consecutively taller green histogram bars above the neutral line, implying positive momentum underlying Solana’s price trend.
SOL could extend gains by 18% and test resistance at a key level of $180. A daily candlestick close above this level and flipping it into support could signal an end to the consolidation phase and the start of an upward trend in Solana.
The $125 level serves as key support for the Ethereum-alternative token.
Ondo could also see gains in the coming weeks, with the token breaking out of its consolidation phase. A daily candlestick close above $0.98 could confirm that the token has kicked off an upward trend.
A 21% rally could push ONDO to test resistance at $1.1895. The $1.0667 level acts as an intermediate resistance. ONDO could find support at $0.8174, and a decline to this level could trigger a liquidity sweep and a rebound toward R1 and R2 levels.
Experts believe Bitcoin could see limited upside, pave way for altcoin rally
CoinShares bi-weekly digest published on April 24 notes that global digital asset ETFs recorded inflows of $1 billion, pushing weekly inflows to $2.4 billion. Alongside rising inflows, a decline has been observed in the ETH/BTC ratio, now down to 0.018.
Analysts at CoinShares believe Bitcoin has limited upside. While tariff policies remain a key driver of volatility, minor developments are ushering in price swings in cryptocurrencies. Traders remain cautious as Bitcoin reverses gains from earlier this week. Innokenty Isers, Chief Executive Officer at the crypto exchange Paybis told Crypto.news:
“In the last 24-hours Bitcoin has started reversing its growth trend and is now hovering at $92,507.12, a sign that the current rally might not be a sustainable one. Current market outlook suggests that Bitcoin price may face more stiff resistance moving forward.
In the last two months, the uncertainty around the tariff war triggered an unusual concern for investors as many decided to temporarily steer clear of more volatile assets like Bitcoin.
Adding to this, the Federal Reserve has spotlighted the inflationary risks the tariff war may introduce. Despite this outlook, there are clear indications of sustained accumulation of BTC by institutional investors and market whales.”
Crypto adoption is rising, DOGE, SOL, ONDO could benefit
Ethereum, the largest altcoin and a token often labeled as a “zombie” in some circles, has gained 1.83 million new users in just a week, raising hopes for broader crypto adoption and altcoin demand. Data from IntoTheBlock shows a 40% rise in Ethereum adoption.
Altcoins and meme coins could benefit from the rising demand for crypto among new users. Dogecoin, considered a blue-chip meme coin, Solana, an Ethereum-competitor that has solidified its place in the top 10 cryptos and Ondo, an RWA token rising in popularity could benefit from an influx of new users and demand from users in the ecosystem.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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