After a volatile but promising start to the week, the cryptocurrency market is consolidating, with Bitcoin holding near the $94,000 mark. While XRP sees limited momentum, alternative tokens like Solana, Ondo, and Dogecoin are showing signs of strength and could emerge as frontrunners in the next bullish leg.
Bitcoin Pauses as Altcoins Eye Recovery
Bitcoin’s climb above $94K reignited optimism, but its mid-week retracement to $93K signaled caution. The recent correction exposed two significant support levels: $88,465–$91,935 and $85,230–$87,076. As long as BTC remains above these zones, a deeper pullback can be avoided.
Altcoins, which dipped with the broader market, have started to bounce back. This environment creates fertile ground for rotation into tokens that haven’t yet fully participated in the rally.
Altcoin Market Signals Upside Potential
Excluding Bitcoin and Ethereum, the altcoin market cap has risen 2.2% in April—from $797 billion to $815 billion. Should this trend continue and push past the $837–$850 billion range, it could open the door for a broader altcoin breakout.
Solana, Ondo, and Dogecoin are leading the list of potential winners, backed by strong technical indicators and growing community interest.
Solana, Ondo, and Dogecoin Show Technical Promise
Solana is trading in a bullish formation with its RSI sitting at 64, pointing to a sustainable rally without being overbought. MACD momentum also favors upside. A daily close above $180 could flip resistance into support, triggering a fresh move higher. Support remains firm at $125.
Ondo, gaining popularity in the RWA (Real-World Assets) sector, is on the verge of confirming a breakout. A push past $0.98 could lead to a 21% rally toward $1.1895. Minor resistance sits at $1.0667, while the $0.8174 level serves as a safety net for bulls.
Dogecoin continues to attract attention among meme coin traders. At $0.18047, DOGE has room to rally toward $0.21465. The RSI stands at 59, and a positive MACD reinforces bullish sentiment in the short term.
Market Conditions Favor Selective Altcoin Rallies
Recent inflows into digital asset funds—totaling $2.4 billion last week—suggest strong institutional interest. With the ETH/BTC ratio slipping, altcoins appear to be gaining relative strength.
Paybis CEO Innokenty Isers pointed out that ongoing uncertainty around U.S. tariff policy may limit Bitcoin’s upside. However, this backdrop also encourages capital rotation into altcoins that offer better short-term upside.
Growing Adoption Could Fuel Momentum
Ethereum’s rapid user growth—1.83 million in a week—is a positive sign for broader crypto adoption. Altcoins like Dogecoin, Solana, and Ondo could ride this wave, particularly as new users seek exposure beyond Bitcoin and Ethereum.
With improving fundamentals, active community engagement, and technical momentum, these three altcoins stand out as potential top performers in the coming weeks.
