【DOGE and SOL Lead the Bullish Trend in Cryptocurrency with Record Gains】
Mainstream altcoins Dogecoin (DOGE) and Solana (SOL) have recently made impressive performances. DOGE has firmly held the support level at $0.42, while SOL has reached a new historical high of $264, both showcasing a bullish atmosphere in the crypto market as the year comes to a close.
DOGE continues to rise and remains above $0.42, despite a brief pullback in prices early Sunday morning, it quickly rebounded, leading the market to expect a breakthrough of the psychological barrier at $1. The 4-hour chart shows an increase in DOGE trading volume, supporting its upward trend. Analysts believe that if this trend continues, DOGE is likely to break through resistance and rise further.
On the other hand, SOL has broken through $264, setting a new high. This surge is related to reports from the SEC and institutions regarding a spot ETF based on Solana. Investment giants like VanEck, 21Shares, and Bitwise plan to launch related products in 2025, further driving up Solana's price and solidifying its market-leading position.
The rise of DOGE is driven by a speculative frenzy and retail enthusiasm, while SOL's strength reflects a dual benefit of institutional adoption and regulatory breakthroughs. Market analysts point out that if DOGE's trading volume continues to grow and the $0.42 support level holds, its upward channel may bring significant returns.
DOGE and SOL, with their strong resilience, attract both retail and institutional investors, approaching the psychological target of $1 and continuously setting new highs, further exhibiting a bullish phase filled with opportunities and optimistic sentiment in the crypto market.