- Dogecoin, Solana, and ONDO lead mid-cap advance; smaller tokens follow, hinting at early rotation into broader alts trend.
- Analyst Ash Crypto cites eight-hundred-thirty-five-billion support bounce, comparing current structure to pre-rally setups of twenty-twenty-four earlier altcoin seasons.
Bitcoin is trading near $94,000 after an energetic start to the week, holding the bulk of its gains even as volume cools. Overnight flows into U.S. spot-based exchange-traded funds helped absorb profit-taking, and prices never slipped below the psychological $92,000.
After the initial burst, attention shifted to mid-cap tokens. Dogecoin advanced about 3.3 percent, Solana added roughly 2.7 percent, and real-world-asset play ONDO leapt more than 11 percent during Friday’s Asian session. Smaller names such as STX, SUI and GRT also printed double-digit moves, illustrating how price action is rotating beyond the top ten.
WHY I BELIEVE ALTCOIN SEASON IS HAPPENING SOON?
– Altcoin market cap is bouncing off $835B support, like in Q1 & Q4 2024.
– We've seen 2 altseasons from similar setups (March & Nov 2024).
– Q2 2025 could bring the next wave.
-"OTHERS" (alts outside top 10) are leading the… pic.twitter.com/Ta7T8vcjW1
— Ash Crypto (@Ashcryptoreal) April 24, 2025
Ash Crypto argues that the total altcoin valuation has bounced off the $835 billion support band, the same shelf that contained corrections in the first and fourth quarters of 2024. Therefore, he contends the set-up resembles conditions that preceded previous altcoin rallies.
Even so, the CoinMarketCap dashboard shows the Altcoin Season Index at 15 out of 100, while Bitcoin commands 63.4 percent of total market worth. The Fear & Greed barometer sits at 52, pointing to neutral sentiment rather than euphoria.
On the economic front, a three-month pause on new U.S. tariffs gave risk assets breathing space, and negotiators from Washington and Hanoi pledged to keep talking before the July deadline.
At the same time, the Federal Reserve confirmed it will slow the pace of quantitative tightening next month and hinted that rate cuts remain possible if data lower policy rates would, in principle, widen the liquidity channel that feeds speculative demand.
Moreover, institutional interest in non-Bitcoin products is rising; nearly forty spot ETF applications for assets such as Solana, XRP and Dogecoin await review at the Securities and Exchange Commission approval of any one filing could funnel regulated capital toward tokens now led mostly by retail flows.
Until that decision arrives, traders are watching whale accumulation on-chain and the narrowing trading band between $90,000 and $95,000. For now, consolidation prevails, yet history shows that a quiet Bitcoin often precedes a broader alt move.
A measured approach—scaling into liquid names while tracking macro headlines—may help traders catch the next rotation when it finally arrives.
Dogecoin (DOGE) is currently trading at $0.1827, with a very slight daily change of -0.01%, and showing impressive strength over the past week with a +17.12% gain. However, the token is still down -42.10% year-to-date and trading ~62.5% below its all-time high of $0.4875.
Technically, DOGE has successfully crossed the 50-day EMA, signaling a potential reversal to bullish territory. Key resistance is now at $0.208, while support sits around $0.165–$0.155. ETHNews analysts point to a potential descending triangle breakout, and the chart shows accumulation behavior around the $0.15 level.
A breakout above $0.208 could reignite the $0.25–$0.30 range targets. RSI is neutral-bullish, and volume has been trending upward, hinting at further momentum if sentiment remains positive.
Fundamentally, DOGE continues to capture attention ahead of potential ETF-related news. The community celebrated “Dogeday” on April 20 with speculation of a near-term ETF filing. The memecoin is also finding utility in tipping, NFTs, and broader Web3 integrations. With a market cap of $27.21 billion and 24h trading volume of $1.70 billion, Dogecoin remains one of the most liquid and watched altcoins in the meme sector.
If DOGE breaks above $0.208 with strong volume, it is projected to reach $0.233 within the next 4–5 days, supported by technical breakout patterns and increased ETF-related speculation.
Solana (SOL) is currently trading at $152.92, showing a modest +0.21% daily gain, with an impressive +13.36% increase over the past week, and +6.39% growth over the past month. Despite this upward momentum, SOL is still down -10.43% over the last 6 months, and -19.04% year-to-date, signaling that it is still recovering from recent macro-driven corrections.
Solana’s current market cap stands at $79.10 billion, backed by 24h trading volume of $4.37 billion, and a circulating supply of 517.44 million SOL.
Technically, SOL is testing a key resistance near $153, having rebounded strongly from the $145.66 level, which held as solid support. If bulls maintain control, the next major resistance lies around $168–$170, followed by a more ambitious target of $180–$200, previously acting as a major distribution zone.
On the downside, if price faces rejection at $153, a pullback to $143.50 or $135 remains likely. Momentum indicators are leaning bullish, with some traders spotting an inverted head-and-shoulders pattern, hinting at continuation potential.
Fundamentally, Solana continues to gain traction in both institutional circles and retail narratives. The network has been involved in multiple major events (including TOKEN2049), and continues to see strong usage from NFT and DePIN ecosystems, with enhanced validator incentives. Meanwhile, ETF speculation remains in play as Solana is included in multiple ETF application filings, giving the token additional institutional attention.
If Solana breaks and holds above $153 with strong volume, it is projected to reach $165.80 within the next 4–5 days, supported by technical breakout structure and growing institutional interest.
Ondo Finance (ONDO) is currently trading at $0.9985, with a +1.88% daily gain, continuing a bullish trend that has lifted the token +20.28% over the past week and +8.64% over the past month.
Despite this recovery, ONDO remains down -25.64% year-to-date, having corrected from its all-time high of $2.15. Still, ONDO is up +232.57% since inception, showing strong long-term growth potential.
It currently holds a market cap of $3.15 billion and a 24h trading volume of $480.5 million, indicating rising investor activity.
From a technical standpoint, ONDO is approaching the psychological $1.00 resistance level, which could serve as a breakout trigger if breached. If ONDO closes above this key level with sustained volume, the next targets lie around $1.15 and $1.28.
Support sits around $0.94 and $0.89, where price has previously rebounded. The overall chart structure suggests a possible bullish continuation, reinforced by increasing address activity and strong fundamentals tied to real-world asset (RWA) tokenization.
On the fundamentals, ONDO has emerged as a top RWA token, recently joined by Visa in the USDG initiative—a major boost in institutional credibility. ETHNews analysts note the 390% surge in new addresses, indicating growing retail and whale interest.
Additionally, there is speculation that a favorable regulatory environment could propel the token higher, with some bulls suggesting that ONDO could rival large-cap DeFi assets in the coming months.
If ONDO breaks and holds above $1.00, it is projected to reach $1.14 within the next 4 days, supported by institutional adoption signals and strong on-chain engagement.
