Solana's SOL, Dogecoin's DOGE Lead Crypto Surge Amid Tariff Pause

Solana’s SOL and Dogecoin (DOGE) have emerged as the top performers among major cryptocurrencies, with analysts closely monitoring the next potential upward movement. This surge in value comes amidst a broader market trend where several major tokens have experienced significant gains. Ether (ETH) initially led the losses among major tokens, dropping by 10%, while other notable cryptocurrencies such as XRP, BNB Chain's BNB, Solana's SOL, and Cardano's ADA also saw declines exceeding 5%. However, the market has since shown signs of recovery, with SOL and DOGE leading the charge in gains. The recent price bounce, spurred by a pause in tariffs, has contributed to the overall positive sentiment in the crypto market. Memecoins, AI, and DeFi tokens have been particularly notable for their strong performance, further bolstering the market's upward trajectory. Analysts are now eyeing the next big move higher, with SOL and DOGE at the forefront of this anticipated surge. The market's consolidation and the growing interest in these specific tokens suggest a potential shift in investor sentiment, with a focus on the long-term growth prospects of these cryptocurrencies.

Bitcoin and broader crypto markets are gaining on Friday after sharply declining alongside traditional markets on Thursday. The Wednesday announcement of a 90-day pause on new tariffs sparked a brief relief rally across risk assets, with traders pointing out bitcoin price action showed signs of bottoming in what could set the stage for a push toward $100,000 by year-end. The surprise policy pivot temporarily soothed market anxiety, driving short-end crypto vols lower. Still, analysts advocate caution, noting that while some sell at higher levels, December $100,000 calls show long-term optimism. Ming Wu, CEO of RabbitX, called it a market U-turn. The markets just did a 180-degree turn after the recent announcement of a 90-day pause on tariffs. This policy shift has injected a dose of optimism into the markets, leading to a sharp rally in both equities and cryptocurrencies. Wu noted eased trade fears, saying the pause offers “breathing space” while keeping pressure on China. Technically, Wu sees a setup for the surge. From a technical perspective, prior to the announcement, markets had experienced significant declines, pushing many stocks into oversold territory. The tariff news triggered a short squeeze, with buyers jumping in at key support levels, amplifying the rally. Ryan Lee, chief analyst at Bitget Research, highlighted bitcoin’s 6% jump from Thursday. We saw a BTC’s over 6% surge, reclaiming the $80K level after the announcement to pause new tariffs, which sparked a broad crypto rally. Lee sees strong demand from institutions and long-term holders, viewing BTC as a hedge amid uncertainty. Looking ahead, the sustainability of this momentum hinges on continued macro clarity, technical strength, and market sentiment, with $80K now a key level to watch. Midweek, we predict BTC could range between $80K and $85K, with a bullish case pushing toward $85K if risk appetite persists or a pullback to $78K-$79K if uncertainties resurface. Traders should monitor macro developments and fund flows closely.