Dogecoin (DOGE) Death Cross Dominates, 64% Solana (SOL) Rally Can Hit 100%, Bitcoin (BTC) to Face Mini-Golden Cross

Published 05/17/2025, 08:01 AM
Updated 05/17/2025, 03:15 PM
© Igor Faun Dogecoin (DOGE) Death Cross Dominates, 64% Solana (SOL) Rally Can Hit 100%, Bitcoin (BTC) to Face Mini-Golden Cross

U.Today - The notorious death cross still has a significant impact on Dogecoin’s midterm price performance, and the cryptocurrency is still moving in an unsteady manner. Although a brief rebound above $0.22 indicates some strength, the technical structure as a whole is still brittle and vulnerable to another leg down. It has been hovering over DOGE for a few weeks now, the death cross where the 50-day moving average crosses below the 200-day moving average.

This pattern has historically indicated extended bearish momentum, and since early 2025, DOGE has used it as a trustworthy indicator of its ongoing downward trend. Even though Dogecoin recently recovered from the $0.20 level and briefly regained the 200 EMA (black line), it is still unable to generate significant momentum.

Once it peaked around $0.26, the rally attempt lost momentum quickly, creating a local rejection zone that has not been challenged yet. Now the price action is trapped between important moving averages, specifically the 100 and 200 EMA, suggesting that sideways or downward pressure may persist unless bulls can convincingly regain ground above $0.

Volume is still not very impressive, and neither institutional nor retail investors appear to be making a significant push. A classic consolidation setup, the RSI indicator is in neutral territory, indicating that neither buyers nor sellers are currently in control of the market.

Market confidence is probably going to remain low until DOGE clearly breaks above the long-term resistance trend and disproves the death cross theory. The community’s sentiment, which was once stoked by Elon Musk’s tweets and meme mania, appears to have waned due to waning hype cycles and broader macro uncertainty.

Solana’s rally not over

According to its current technical structure, Solana may only be halfway through its impressive 64% rally that has been going on for a few weeks. The asset is currently comfortably above all of the major moving averages, including the 26, 50, 100 and even 200-day ones, after recently breaking through important resistance levels.

A pending technical crossover is the strongest indication of a possible continuation. A period of quick momentum building may begin if the 26 EMA is able to break through the 200 EMA from below, which is an uncommon and potent bullish signal. In trending markets, such a crossover has typically come before strong upward price action.

The possibility of a complete 100% return from local bottoms increases if this scenario materializes. SOL has significantly increased in volume during this current uptrend, indicating that recent price action is supported by strong conviction. Furthermore, the bullish argument is strengthened by Solana’s strong recovery from the $120 region and successful defense of the $160-$165 support zone.

Its distinct separation from the main resistance clusters is what distinguishes Solana at this time. The runway toward the $200 and even $240-$250 range appears more and more feasible, with the 200 EMA already reclaimed and shorter-term EMAs stacking bullishly. The latter would represent a clean 100% gain from its recent bottom.

Despite a diverse altcoin landscape, Solana continues to be one of the better performers in the larger market context. SOL has a good chance of becoming the altcoin leader of the upcoming mini-cycle if momentum continues and key crossover confirmation is received. Triple-digit returns are still possible.

Bitcoin pushed up

A technical pattern that could subtly affect the larger cryptocurrency market is about to form on Bitcoin. Indicating that medium-term momentum is outpacing long-term price behavior, this pattern appears when the 50-day EMA crosses above the 100-day EMA. Although the classic golden cross is the 50 EMA vs. 200 EMA, this crossover remains a significant momentum signal.

Following a significant spike earlier this month, the current structure of Bitcoin’s price action shows a stable consolidation zone between $103,000 and $105,000. Consistently holding levels above the psychological threshold of $100,000 suggests increasing support, even though the price has stalled below recent highs. If the price holds or pushes a little higher, the mini-golden cross - a definite indication that momentum is still in the bulls’ favor - will probably form in the coming sessions.

The price is trading comfortably above all of the major EMAs - the 26, 50, 100 and 200 - and the volume is still comparatively stable, indicating a generally bullish outlook. Crucially, this configuration has the potential to restore trust in altcoins as well but it also carries risks: if Bitcoin gains momentum after the crossover, it may divert funds from smaller assets, leading to short-term market corrections or stagnation.

In the future, a fresh rally toward the pre-all-time-high zone of $109,000 could be sparked by the mini-golden cross. Short positions would have to unwind if there were a clear break above this level, which would probably unleash a wave of breakout buyers.

This content was originally published on U.Today

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