$1 Trillion Bull Storm Projected for Dogecoin, XRP, Solana, Cardano, Shiba Inu as Traders Lock-In New Highs
A Dogecoin trader has flagged an imminent breakout in the assets price this month. This is hinged on bulls maintaining recent pressure past the $0.2 resistance to trigger a larger climb. Projections for a $1 DOGE price resurface with holders drawing lines with leading altcoins ahead of the next cycle. Recently, meme coins have seen double-digit gains following the wider markets jump.
DOGE Traders Lock-In New Highs
In the past 48 hours, Dogecoin holders have fancied the assets trajectory of breaking past its all-time high. According to Ali Martinez, a move past the $0.2 price range could trigger a significant jump to a new all-time high. This was pivotal to trader sentiments as a 500% spike is needed to hit the mark.
Currently, Dogecoin is at $0.1767 and has slipped 2%. Weekly figures remain strong above 9.9% after meme coins found their upward form. Dogecoin traders have also held on to favorable sentiments since Donald Trumps return to the White House.
If Dogecoin (DOGE) can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest.
Last year, the meme coin leader made huge leaps hinged on the wider decentralized finance (DeFi) ecosystem. Meme coins prices move uphill on trader sentiments and a jump in altcoin prices. This occurred between November and December 2024, with the aftereffect of a Trump win.
Typically, investors saw it as an opportunity to back the asset class, projecting favorable legislation for the market. Furthermore, Elon Musks impact also increased inflows to the asset.
Altcoin Traders Are Mega Bullish
After Bitcoin flipped $85k, altcoins recorded double-digit gains, moving past multiple resistance levels. Ethereum (ETH) rose 12% to retest the $1,700 levelthe asset exchanges at $2,340 with traders aligning for an altcoin season. XRP ranks among the biggest gainers in the past two weeks after its market cap reclaimed $140 billion.
XRP bulls now target a higher $2.90 price based on rising institutional demand while ADA bulls look to conquer $1. Solana also falls into this category with expected spot ETFs in the United States. Meanwhile, meme coins saw similar growth with total inflows over the $8 billion mark. Shiba Inu and PEPE recorded 7% and 9.3% gains, respectively, last week.
Text source: ZyCrypto
