Dogecoin, Solana, Chainlink, Near and Cardano are showing very bullish indicators, suggesting they could make moves in the days ahead. Technical patterns, market momentum, and growing adoption are all feeding into the positive outlook for these altcoins.
Dogecoin is currently trading around US$0.24, and technical analysis reveals a ‘falling wedge’ pattern, which typically signals a bullish breakout. This setup looks like the price, after falling, will be turning back and moving to the upside soon.
The same analysts are predicting a massive increase for the meme coin, forecasting that Dogecoin may reach as much as US$252 by end–2025. Our forecast is built on a ‘megaphone’ technical pattern, suggesting higher price volatility and more robust upside potential.
Solana is trading at around US$137, up 40% from its April low. With the recent approval of a Solana spot ETF north of the border, the wind at Solana’s back is blowing even stronger. As the first regulatory approval for a crypto asset, this regulatory approval gives investors greater access to Solana, increasing its market presence.
In the last 30-days, Solana’s price increased by 53%. This phenomenal increase fueled mainly by massive accumulation from the largest investors, with whales buying up as much as 100 million tokens at once. We know the cryptocurrency market can get pretty wild. These sudden downturns can impact assets, even those performing as well as Solana.
Chainlink is currently valued at US$12.25. Short-term projections suggest a rebound to US$15.13. The long-term outlook for Chainlink looks very positive. Beyond these immediate numbers, as the usage of smart contracts grows, it may be worth $48 to $100 billion.
Near is facing short-term resistance near US$0.000013. This price stagnation can be attributed in part to the cautious attitude of big fish, or whales, that control much of the investment money. A whale activity bout might be just what Near price needs to start the next positive fluctuation.
Currently Cardano is trading at nearly US$0.784, representing an overall increase of 52% since the month of April. This rise is only a reflection of the growing investor confidence and market activity around Cardano.
