SOL, DOGE Lead Gains Among Majors as Analyst Eye Next Big Move Higher

Bitcoin and broader crypto markets are gaining on Friday after sharply declining alongisde traditional markets Thursday.

Solana’s SOL and dogecoin (DOGE) rose over 4% in the past 24 hours, leading gains among majors, with XRP (XRP), BNB Chain’s BNB, and Tron’s TRX up between 2%-3%. Ether (ETH) was down 2.4%, continuing a dismal run that has seen it lose 12% in the past week despite most majors down 2% on average in the same period.

The Wednesday announcement of a 90-day pause on new tariffs — excluding those on China — sparked a brief relief rally across risk assets (which reversed on Thursday), 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, we advocate caution,” they said, adding 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 President Trump’s recent announcement of a 90-day pause on tariffs, excluding those on China. This policy shift has injected a dose of optimism into the markets, leading to a sharp rally in both equities and cryptocurrencies,” he said in a Telegram message to CoinDesk.

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,” he explained. 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 Trump’s announcement to pause new tariffs, which sparked a broad crypto rally,” he said in an email.

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,” Lee ended.