SOL and DOGE Outperform Majors as Analysts Anticipate Next Major Upswing

Key Points:

• Bitcoin and other cryptocurrencies remain unpredictable, rising on Friday after a steep drop on Thursday, following Wednesday’s big gains.

• Solana and Dogecoin outperformed other major cryptos, while Ether showed weaker performance.

• Experts suggest that the market’s upbeat response could pave the way for further gains, with Bitcoin potentially hitting $100,000 by year-end.

Bitcoin and the wider crypto market are seeing gains on Friday after a sharp drop alongside traditional markets on Thursday.

Solana’s SOL and Dogecoin (DOGE) led the way with over a 4% increase in the past 24 hours, while XRP (XRP), BNB Chain’s BNB, and Tron’s TRX rose by 2% to 3%. Meanwhile, Ether (ETH) continued its downturn, falling 2.4% and extending its 12% loss over the last week, despite most major cryptocurrencies experiencing an average decline of around 2% during the same period.

The announcement on Wednesday of a 90-day pause on new tariffs—excluding those on China—triggered a brief relief rally across risk assets, which reversed on Thursday. Traders noted that Bitcoin's price action displayed signs of bottoming, potentially setting the stage for a push toward $100,000 by the end of the year.

"The unexpected policy shift provided temporary relief, easing market anxiety and lowering short-term crypto volatility," analysts stated. "However, we advise caution, as some are selling at higher levels, while December $100,000 calls reflect long-term optimism."

Ming Wu, CEO of RabbitX, described the market’s recent shift as a "U-turn." "Markets reversed sharply after President Trump's announcement of a 90-day tariff pause, excluding those on China. This policy change has brought a wave of optimism, resulting in a strong rally in both equities and cryptocurrencies," he shared in a Telegram message.

Wu noted that the pause helped ease trade concerns, providing "breathing room" while still applying pressure on China.

Technically, Wu explained that the market had been significantly declining before the announcement, which pushed many stocks into oversold territory. The tariff news sparked a short squeeze, with buyers jumping in at critical support levels, boosting the rally further.

Ryan Lee, chief analyst at Bitget Research, pointed out Bitcoin’s 6% rise since Thursday.

"We saw Bitcoin surge more than 6%, reclaiming the $80K level after Trump’s announcement to pause new tariffs, which triggered a wider crypto rally," he stated in an email.

Lee noted strong interest from institutional investors and long-term holders, viewing Bitcoin as a hedge against uncertainty.

"Looking ahead, the continuation of this momentum depends on macroeconomic clarity, technical strength, and overall market sentiment. The $80K level is now key to watch. In the short term, we expect Bitcoin to fluctuate between $80K and $85K, with the potential to push toward $85K if market confidence continues, or a pullback to $78K-$79K if new uncertainties arise. Traders should keep a close watch on macro developments and fund flows," Lee concluded.