Upon the release of the Producer Price Index (PPI) data, we discussed that Bitcoin 
$77,420 was eyeing the $116,000 mark. Yesterday’s Consumer Price Index (CPI) further confirmed this speculation. Not long after, we witnessed Bitcoin surpassing a daily peak of $116,300. This development is significant as it reignited risk appetite in the altcoin market, with Solana 
$84 (SOL) and Dogecoin 
$0.10886 (DOGE) emerging as the day’s stars. What price targets are they aiming for next?
Solana (SOL)
The breakthrough of the $4,500 crucial threshold by ETH revitalized risk appetite in altcoins. The reclaiming of this key area was signaled by SOL Coin yesterday. We noted that continuous closures above $224 set the stage for new peaks, and now SOL Coin hovers around the $240 mark.
In recent months, we haven’t seen major cryptocurrencies like SOL exhibit such steady behavior. Prolonged tariff discussions fueled a risk-averse trend that drained altcoins. However, that phase seems to be over. With the Fed set to consistently lower interest rates and positive developments specific to crypto, assets like SOL and DOGE are finding support.
The single major risk lies in new direct and indirect sanctions against Russia, potentially throwing markets back into chaos. The US is advocating for actions targeting Russian oil on a G7 scale.
Focusing back on Solana (SOL), closures above $224 indicate resistance at $246. If this area is won and turned into support (especially after a week of positive momentum), SOL Coin could test $272.
We noted yesterday that the rise of SOL in the BTC pair suggests stable new peaks similar to ETH. Above $296.4, SOL Coin enters a price discovery zone, and the above-mentioned key levels could prove beneficial for turning resistance tests into profit opportunities.
Dogecoin (DOGE)
For over 200 days, we highlighted $0.254 as a critical alarm level for Dogecoin. This pivotal threshold has finally been breached for the second time. In scenarios where closures persist above this level, we expect to see a further awakening of risk appetite.
The primary target for DOGE is the resistance level from July, pegged at $0.28. A new peak could be formed at $0.31 as buyers increase their volume in the final quarter with a strong motivation to rise. Subsequently, a new local peak may extend toward $0.44.
