Solana and Dogecoin Flash Bullish Signals: Analyst Highlights Key Breakout Patterns
Crypto analyst Ali Martinez has spotlighted two altcoins showing notable bullish momentum: Solana (SOL) and Dogecoin (DOGE).
While technicals on Solana suggest a major breakout may be imminent, on-chain metrics for Dogecoin reveal strengthening investor activity across multiple fronts.
Solana (SOL): Cup-and-Handle Breakout Looms
In a tweet posted late Wednesday, Ali noted that Solana could be forming a massive cup-and-handle pattern, a classic technical formation known for its bullish continuation potential.
“Solana SOL above $200 is an instant buy,” Ali wrote, “as it could be breaking out of this massive cup-and-handle pattern!”
The chart illustrates Solana curving into the final stages of the pattern, with $200 acting as the key breakout resistance. A confirmed break above this level could open the door to significantly higher price targets, historically measured by the depth of the cup — potentially placing targets well above $300.
Dogecoin (DOGE): On-Chain Activity Heats Up
In a separate post, Ali highlighted a surge in on-chain metrics for Dogecoin, including:
- Rising daily active addresses
- Increased transaction volume
- Spike in whale transaction counts
These are all considered bullish indicators that often precede price rallies, suggesting that large holders are engaging and network activity is accelerating.
“All bullish signals that could support further upside!” Ali stated, pointing to the convergence of these data points.
Conclusion
As market sentiment improves, Solana and Dogecoin appear to be two altcoins with growing technical and fundamental momentum. Traders are closely watching SOL’s $200 breakout zone, while DOGE’s increasing on-chain strength could position it for the next leg up.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
