Compass Investments

– DOGE rises above $0.18 amid rising interest from retail investors.

– The cryptocurrency market is undergoing a major shift as bitcoin approaches the $100,000 mark, bringing altcoins back into the spotlight.

As Bitcoin’s dominance begins to diminish, market participants are seeing a wave of bullish technical signals for the major altcoins.

Coins such as Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) and NEAR Protocol (NEAR) are leading what analysts believe to be the early stages of an extended altcoin breakout cycle.

The shift comes after months of sideways movement in both bitcoin and alternative digital assets.

Traders are interpreting recent consolidations in key altcoins as signs of accumulation.

With bullish patterns on the charts now forming on the higher timeframes, the conditions for a broad breakout seem to be intensifying.

Bitcoin’s rapid ascent has captured the world’s attention, but beneath the surface, a quieter transition is taking place.

Market observers have noted a decline in bitcoin’s dominance – a measure of bitcoin’s share of total cryptocurrency market capitalization – indicating a shift of capital to the altcoin sector.

This development is consistent with patterns seen in previous cycles, where bitcoin rose first, followed by significant growth in smaller-capitalization cryptocurrencies.

As a result, several major tokens are now attempting to break above long-term resistance levels that have persisted since the last bull market.

Ethereum (ETH), the second largest cryptocurrency by market capitalization, has broken above key trend lines and is now targeting the $3,200 zone.

The move is supported by technical indicators pointing to increased momentum and volume. Solana (SOL), which has recovered significantly since the end of 2024, is now targeting the $220-$230 range.

After bouncing off major support areas, SOL formed an inverted head-and-shoulders pattern on the daily chart, indicating a sustained upward movement.

Meanwhile, Dogecoin (DOGE), one of the most talked about memcoins, rose above $0.18, a key resistance level from the highs of early 2024.

DOGE’s rise is supported by increased interest on social media and retail trading volume, which is considered an indicator of speculative momentum.

EAR (NEAR) and Kaspa (KAS) are also bullish.

EAR has broken out of a multi-month consolidation and is showing signs of institutional interest.

Technical analysis indicates a breakout from a symmetrical triangle, which often precedes a strong continuation.

Kaspa (KAS), known for its blockchain technology and high transaction throughput, is forming a classic bull flag.