ONDO, AVAX struggle in the bear market while Dogen prepares for the next breakout

Crypto markets decline as asset-backed tokens struggle, but a Solana-based meme coin is gaining momentum.

As the crypto market continues its downward trend, some well-known tokens are facing tough times while unexpected players are gearing up for a possible surge. While certain asset-backed digital currencies struggle, a humorous coin built on the Solana network is preparing to make waves. Could this be the next big mover in the crypto space?

DOGEN soars 500% after DEX listing; what’s next with CEX on the way?

DOGEN, the meme token built for those who never settle for less, is showing strong technical and fundamental momentum. Designed for winners, DOGEN embodies the alpha mentality, and this concept has already appealed to a large community of over 30,000 followers on X.

Recent price action and momentum

Since its listing on Raydium DEX on February 4th, DOGEN had a strong run, hitting an all-time high of $0.0066 before cooling off and stabilizing around $0.002. Even at that level, it’s still up a massive 566% from its lowest presale price of $0.0003. The presale itself raised $5.5 million, showing just how much early interest this project attracted.

Technical indicators and breakout potential

DOGEN’s current fully diluted valuation (FDV) stands at $28 million, with a projected upside toward $40 million. This rise in value suggests a potential price target of $0.004+ in the near term.

Recent price action suggests DOGEN is testing key support within a descending channel. If the price breaks above $0.0032, the current downtrend would reverse and set the stage for a strong bullish move toward $0.0056, aligning with previous resistance levels.

A planned major exchange listing is expected to inject fresh liquidity and increase accessibility of DOGEN, typically a key price catalyst for meme coins. With only 1 billion tokens circulating (10% of total supply), DOGEN’s price remains highly sensitive to increased demand, setting the stage for further volatility in favor of the bulls.

Community buzzes about DOGEN hitting $100m+

DOGEN’s remarkable post-listing performance and strong presale momentum have captured significant community attention. The eezzy’s journal channel, boasting over 50K subscribers, has recognized DOGEN’s potential to become a leading meme coin on Solana, potentially reaching a market cap exceeding 100M.

DOGEN has already demonstrated its ability to rally quickly, and with increasing speculation ahead of its CEX listing, the probability of retesting its $0.005 ATH — or breaking beyond — is rising. If momentum continues, DOGEN could enter a parabolic price discovery phase, with values exceeding its current FDV ceiling.

Ondo set to surge as altcoin season nears

Ondo’s price currently ranges from $0.9985 to $1.58, showing strong growth potential. Over the past six months, it has climbed 93.12%. The Relative Strength Index is at 42.66, indicating room for upward movement. The price sits above the 10-day and 100-day moving averages of $1.37 and $1.35, suggesting bullish momentum. If ONDO breaks the nearest resistance level at $1.83, it could rally to the next resistance at $2.41, which would be an increase of about 52%. The recent 10.01% gain in the last month adds to the positive outlook. With altcoin season approaching, ONDO may continue its ascent.

AVAX poised for a rally after recent slide

Avalanche (AVAX) has been trading between $21 and $28, dropping over 27% in the past month. The price is near its 10-day and 100-day moving averages, suggesting a potential turnaround. The Relative Strength Index (RSI) at 44.34 indicates the coin is approaching oversold territory. A low Stochastic value of 8.026 hints at a possible upward movement soon. If momentum builds, AVAX could rise to the nearest resistance level at $32, gaining more than 20% from current prices. With altcoin season approaching, AVAX might be set for significant growth in the coming weeks.

Conclusion

While ONDO and AVAX may show limited short-term potential, DOGEN stands out as a token for those seeking excellence and success. With an expected 700% growth by the end of the presale and aims for significant returns this altcoin season, DOGEN builds a community of leaders, offering real benefits and exclusive perks for early supporters.

For more information, visit the official DOGEN website and join the community on X and Telegram.