Dogecoin rides rumor-driven surges, while Shiba Inu eyes a possible technical rebound.
With U.S. markets closed for a holiday, Bitcoin has failed to sustain its rally from yesterday and is hovering around the $68,000 mark. The world’s largest cryptocurrency remains watchful, with market attention now pivoting to imminent talks involving Iran. Traders are also aware of a busy week ahead, featuring Wednesday’s release of the U.S. Federal Reserve’s minutes and Friday’s crucial Supreme Court tariff decision alongside the Personal Consumption Expenditures (PCE) report. Amid these moving parts, what does the outlook hold for major altcoins such as Solana (SOL), Avalanche (AVAX), Shiba Inu (SHIB), and Dogecoin (DOGE)?
SOL and AVAX See Diverging Momentum
Solana has managed to draw steady institutional interest even as Bitcoin and Ether experience outflows. In recent days, tens of millions of dollars have flowed into SOL-backed investment products, while the token’s spot price remains resilient above the $84 mark. However, the network’s total value locked (TVL) has only recovered to levels last seen after the April drawdown of last year. Since February, bulls have successfully defended the $78 support, fending off further selling pressure and aiming to avoid revisiting the $67-$55 bandwidth, which would signal renewed weakness.
ContentsSOL and AVAX See Diverging MomentumDogecoin and Shiba Inu Grapple with Volatility
Yet, with a string of events this week expected to cool risk appetite, analysts note that Solana could retest the $78-$67 region if sentiment sours. On the other hand, any surprisingly positive developments might fuel a swift rebound toward the $88-$92 area, with a further extension to the $98-$105 zone still a possibility.
Avalanche, by contrast, has offered little comfort to its investors. While the token managed to stabilize near $15 during last year’s April decline, it is currently trading close to its previous bear market lows. For those who bought during the 2021 bull run, holding AVAX means enduring considerable losses, as single-digit prices persist. If Bitcoin comes under additional pressure, AVAX could revisit $8.10 or even $7.60. Bulls will be keeping a close eye on whether the coin can reclaim $10.3, a level seen as critical for sparking a turnaround.
Dogecoin and Shiba Inu Grapple with Volatility
Dogecoin — the best-known and oldest meme coin — enjoyed strong gains over the weekend. Much of this surge was driven by rumors that X (formerly Twitter) is preparing to introduce cryptocurrency transactions. But as the facts came to light and the buzz died down, the upward momentum fizzled out. Such speculative flurries are not new for Dogecoin: similar scenarios unfolded during Elon Musk’s acquisition of Twitter and amid news of X Money’s licensing efforts. Currently, Musk shows little public interest in developing crypto wallet or trading features tied to X, a stance reinforced by recent application details that show no crypto-focused product plans.
The $0.10 level remains a critical psychological threshold for Dogecoin. A confirmed loss of this support might trigger a drop back to $0.088 or even $0.0805. Should the price bounce, any upward move is likely to accelerate at $0.107, potentially testing resistance up to $0.116 before targeting $0.1124 if that barrier is decisively breached.
Shiba Inu, for its part, is attempting to recover from its lows. The coin’s narrative has evolved dramatically since 2021, when the project embraced trends such as the Metaverse, NFTs, and tokenization in an effort to maintain hype and visibility. But recent years have seen Shiba Inu lose much of its previous momentum, failing to capture the excitement generated by newer trends like artificial intelligence and next-generation decentralized exchanges. After lackluster returns during the latest bear market, a genuine reversal could be signaled if SHIB can break above $0.0000072. Until then, maintaining support at $0.00000606 remains essential for bulls hoping to avoid another downturn.
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