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Altcoins that will trend alongside Bitcoin in March: Solana, Bitcoin Dogs, & DOGE

By:
on Mar 1, 2024
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  • The altcoin market reflects magnified optimism amid BTC’s solid recovery.
  • SOL and DOGE prices indicate emerging bullish waves.
  • $0DOG leverages Bitcoin’s strength and credibility for its success.

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Bitcoin (BTC) has seen a remarkable rally, approaching its all-time high. That triggered bullishness in the overall market. Solana (SOL), Bitcoin Dogs ($0DOG), and Dogecoin (DOGE) look to outperform as analysts predict more strength for the dominant asset in the coming month.

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Solana price rebounds

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SOL price surged since breaching a prolonged descending resistance trendline and switched to support on Sep 2023. That pushed Solana to new highs in Dec 2023. Invezz.com’s analysis shows the alt will maintain its uptrend in March, eyeing levels past $150.

SOL’s price charts highlight bulls’ edge. It gained 12% within the previous day, whereas latest broad market revival saw the alt’s value increasing by 33% and 35% in the past week and month, respectively.

SOL 1D Chart on Coinmarketcap

The Elliot Wave theory analyzes investor psychology and recurring longer-term price setups to determine an asset’s directional trend.

The wave count shows Solana’s price has begun wave four and might see a 100% increase from its current price of $132.97.

Bitcoin Dogs ($0DOG): capitalizing on Bitcoin’s technology & credibility

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Bitcoin Dogs is a new crypto project that attracted attention due to its uniqueness. It introduced the first ICO on the Bitcoin blockchain, leveraging the leading crypto’s credibility and tech stack.

Meanwhile, its fast-selling presale indicates investor trust in $0DO’s potential future. Bitcoin Dogs has received over $5.705 million from investors in less than a month.

Developers will use the massive funding to improve the project and support its long-term growth. Bitcoin Dogs promises a lucrative ecosystem with real-world applications.

$0DOG holders can enjoy an immersive gaming experience and a non-fungible token (NFT) collection that looks to challenge the likes of Tamagotchi and Axie Infinity (AXS).

The intriguing metaverse ecosystem aims to boost user engagement with various rewards and benefits. A lively community is vital in the longer-term success of any project.

$0DOG’s presale will end in 14 days, making it among the altcoins to watch in March. Also, the token will benefit from surging Bitcoin narratives ahead of the much-anticipated halving event.

Dogecoin forms a bullish divergence

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The original meme coin has hovered under a downward resistance since October 2022. Nonetheless, DOGE has bounced back after touching new lows this week, forming a robust weekly green candle.

The possible weekly close will see Dogecoin breaking out from the years-long resistance. The highlighted obstacle has restricted the alt’s upswings for 490 days.

The Relative Strength Index recorded a bullish divergence before the latest rebound. Investors use this momentum indicator to determine whether the market exhibits oversold or overbought conditions, which remains essential in knowing when to sell or buy an asset.

An RSI above 50 indicates an upside move, whereas the vice versa is true. A bullish divergence emerges when the price dips amid a momentum surge, often leading to upward trend reversals.

DOGE can jump 35% if it ratifies the breakout. Meanwhile, failure can trigger a 50% dip in the meme coin’s price.

You can find more details about Bitcoin Dogs on their official website.

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