Dogecoin (DOGE) and Solana (SOL) Make Gains, Signal Bullish Year-End for Crypto

Leading altcoins Dogecoin (DOGE) and Solana (SOL) are making gains. DOGE remains strong above the crucial $0.42 support level

Dogecoin (DOGE) price soared on Monday, remaining bullish above the crucial $0.42 support level. After a brief dip on Sunday morning, the popular meme coin made a strong comeback.

As seen in the 4-hour chart above, DOGE’s trading volumes increased, further adding to the ongoing uptrend. The dashed red line at $0.42 continues to provide solid support.

If this momentum continues, DOGE could break past resistance levels and approach $1, a key psychological milestone for investors. The growing confidence in Dogecoin aligns with the broader sentiment across the crypto market.

On the other hand, Solana (SOL) price achieved a historic weekly close at $264, setting a new all-time high. SOL’s surge comes amid reports of ongoing talks between the SEC and issuers for a Solana-based spot ETF.

Investment giants like VanEck, 21Shares, and Bitwise are planning a 2025 launch, with S-1 filings under review. This institutional interest has fueled Solana’s rally, positioning it as a frontrunner in the ETF race.

Dogecoin And Solana Spearhead Crypto’s Dual Growth Engines

Dogecoin’s bullish growth trends are largely driven by speculative interest and retail enthusiasm, while Solana’s climb reflects institutional adoption and potential regulatory breakthroughs.

Market analysts observe that the upward channel pattern in DOGE’s chart could generate significant gains in the coming weeks if trading volumes maintain their upward trajectory and $0.42 remains unbroken as a support level.

Together, DOGE and SOL are attracting attention with their remarkable resilience and ability to draw in both retail and institutional investors. With Dogecoin’s price approaching $1 and Solana setting new records, the crypto market appears to be moving toward a bullish phase full of opportunity and optimism.