Altcoin season is officially on as Ethereum (ETH) could soon make a new all-time high while Solana (SOL) has just surpassed the $200 mark once again.
This year has been quite a ride for cryptos. At some point, ETH dropped to $1,400 while SOL traded at just $100. Just a few months later, these two tokens have booked triple-digit gains.
The combined market cap of cryptos has surpassed the $4 trillion mark today and trading volumes have jumped near $290 billion – the highest level they have reached since March 2025.
Although most tokens are experiencing a strong pullback during the opening bell of the American session, the short-term outlook for all is bullish as key areas of resistance have been blown up.
In the past 24 hours, nearly $800 million worth of long positions in the crypto market have been blown up as a result of this retreat. The market seems to be shaking off some excess leverage to raise the necessary liquidity for the next leg up.
As positions are reshuffled and sellers jump back to the market, the stage could be set for another strong push that catches bears off guard. A massive short-squeeze would propel Ethereum and Solana to much higher levels.
Meanwhile, meme coins have been quiet in the past 30 days. The top token in this category, Dogecoin (DOGE), has outperformed the rest with gains of 17% during this period.
As a result, it has recaptured its 50% dominance level. Could this be the beginning of DOGE’s widely awaited rally to $1?
Dogecoin Could Double If It Breaks Above This Key Resistance
DOGE is currently sitting at $0.225. To get to $1, its market cap would have to rise to $150 billion, making it the fourth most valuable cryptocurrency in the world.
The top meme coin has already proven that it can defy the odds, so this achievement is not impossible at all.
The daily chart shows that a trend line support has formed as a result of DOGE’s recent price action. This support area is in confluence with the 200-day exponential moving average (EMA), which increases its relevance to market participants.
As the token retreats, late buyers will likely step up to scoop up DOGE at a much lower price with the expectation that it could climb back to $0.27 in the near term. Meanwhile, the token could double its price if a bullish breakout above that area occurs as DOGE could be propelled to $0.43 as a result.
This makes Dogecoin one of the best meme coins to buy as technical analysis favors an explosive move upwards and due to its lead as the largest token in this category by market cap.
That said, the best crypto presales of the year could deliver even higher gains and could even 10X. A Dogecoin-inspired meme coin called Maxi Doge (DOGE) is already showing that it has the potential to become a leading force in this space.
Maxi Doge (MAXI) Raises $900K Just a Few Days After Its Launch
Maxi Doge (MAXI) is a Shiba Inu on steroids that takes too many Red Bulls. He is into trading and knows that the only way out of his mom’s basement is to pump those bags and boost his positions.
For Maxi, no red candles are allowed. This is a bull market so we are in ‘up only mode’. No stop loss, no fear. This is green candle season.
To make the most out of his trades, Maxi Doge will use up to 25% of the presale’s proceeds to buy the most promising tokens with up to 1000X leverage.
You can join the pump by buying $MAXI at its discounted presale price of $0.000252. Simply head to the Maxi Doge website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.
