The cryptocurrency market has started the week on a positive note, posting a 3.66% increase in total market capitalization to $2.36 trillion over the past 24 hours. Leading the recovery, Bitcoin surged above the $70,000 mark during the weekend, while Ethereum maintained strength above $2,000. The renewed bullish momentum has sparked optimism across major altcoins, including Dogecoin, Solana, and Cardano.
Investor sentiment improved after the latest U.S. CPI inflation data came in lower than expected. The softer inflation figures fueled speculation that the Federal Reserve could adopt a more dovish stance and potentially implement interest rate cuts later this year. Following the report, Bitcoin price climbed as traders positioned themselves for a more favorable macroeconomic environment, triggering a broader crypto market rally.
Dogecoin price recorded a notable 12% gain in the last 24 hours, climbing to $0.109. The meme coin market has also expanded by 3.5%, with trading volume reaching $1.22 billion. If DOGE holds above the $0.1050 support level, analysts suggest it could test $0.12 and possibly approach $0.15 in the near term. However, a breakdown below $0.1050 may push the price back toward $0.09.
Solana price increased by 4.06% to $87.92, supported by strong growth in its Real-World Asset (RWA) ecosystem, now valued at $1.64 billion. Network activity continues to expand, with more than 285,000 new holders added over the past month. A sustained move above $90 could open the path toward the $95-$100 resistance zone, while a drop under $85 may trigger short-term selling pressure.
Cardano price jumped 9% to $0.296, drawing attention after Charles Hoskinson hinted at potential XRP integration within Cardano’s DeFi ecosystem. If ADA maintains support above $0.29, it could target $0.35. A fall below $0.27, however, may signal a temporary pullback.
Overall, Dogecoin, Solana, and Cardano are benefiting from improving market sentiment. With Bitcoin and Ethereum leading the trend, altcoins could continue gaining traction if macroeconomic conditions remain supportive and investor confidence strengthens throughout the week.
