- Dogecoin’s third falling wedge breakout hints at a rally toward its $0.74 all-time high.
- Solana’s cup and handle pattern aims for a breakout beyond $200, targeting $250-$260.
- XRP’s inverse head-and-shoulders breakout eyes $2.90, with $2.272 now key support.
The cryptocurrency market remains active, with favorable price indicators for Dogecoin (DOGE), Solana (SOL), and XRP suggesting potential market shifts. Analysts are highlighting positive forecasts for these popular cryptocurrencies, with traders focusing on possible breakout events. Current market charts show promising signs for future price movements, offering unique opportunities for each asset. These assets may spearhead a potential crypto market rebound, as recovery indicators show signs.
Dogecoin Price Surge Potential: Falling Wedge Breakout Signals Gains
Crypto analyst Trader Tardigrade shared a compelling analysis on X, noting a third falling wedge breakout in the DOGE/BTC pair on April 28, 2025. He stated that every such breakout has historically led to a major price pump in DOGE. The price of Dogecoin currently stands at $0.1812, with a daily decline of 0.02%. However, Dogecoin experienced a 12% increase during the previous week, which boosted its market capitalization to $25 billion. A possible breakout indicates the potential for an upcoming price rally.
Trader Tardigrade also highlighted Dogecoin closed its weekly candle above the 100-period Exponential Moving Average (EMA) after a breakout, signaling a potential price surge.
Related: Dogecoin Flips XRP in Active Addresses as Price Now Targets $0.195
This milestone could spark a price increase towards its all-time high peak at $0.74, reflecting strong bullish momentum. The inability to cross this barrier could result in DOGE falling back to $0.1500 support, halting its expected upward trend.
Solana’s Bullish Pattern: Cup and Handle Targets $250
Crypto analyst Ali identified a textbook cup and handle pattern for Solana (SOL) in his analysis on April 28. According to CoinMarketCap, SOL is trading at $151.19 at press time, with a daily gain of 2.4% and a monthly rise of 20.56%. The long-term uptrend began in mid-2023 and continued until April 2025. According to Ali’s post, the cup pattern may likely be followed by a handle consolidation phase.
If Solana breaks above the $200.00 resistance point, it could push the price up to $250.00, representing a significant price increase. The current price movement suggests that an upward breakout could become possible.
Related: Solana Surges Past $150 on High Volume; Analysts Eye $200 Price Target
Failure to exceed the $200.00 threshold could force SOL to return to the $96.59 monthly low, a support level. A strong SOL price breakout to $260.00, accompanied by strong volume, could trigger its long-term upside opportunity.
XRP Breakout Momentum: Inverse Head and Shoulders Eyes $2.90
Analyst Ali also analyzed the XRP price chart, highlighting a breakout from the inverse head-and-shoulders pattern. XRP is currently priced at $2.31 and has risen 3.91% in the last 24 hours. The breakout occurred above the $2.272 neckline, which now serves as a crucial support level. Ali projects a target range of $2.70 to $2.90, a 16% to 24% gain from the current price.
The pattern formed over April 2025, with the head at around $1.614 and shoulders around $1.98 and $2.20. Rising volume supports the breakout, but XRP faces resistance at $2.50, a prior resistance level. A drop below $2.272 could signal a false breakout, potentially pushing the price to $1.90.
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