Elon Musk returns to play the Dogecoin card. Solana is preparing for historic price breakthroughs.

Maxim Palashevich, an analyst at the Sentiment platform, predicted that Dogecoin will experience a new wave of rise after Elon Musk returns to the forefront following the end of his duties in the White House, suggesting that Musk might reactivate his old strategy of supporting cryptocurrencies, especially with the escalating conflict between him and Donald Trump.

Dogecoin had jumped by 196% last November after Trump's victory in the presidential elections, supported by Musk's appointment at the time as the head of the 'Department of Government Efficiency' (DOGE). However, the currency has lost most of its gains amid declining public support for the initiative, and it is currently trading at $0.1935, according to CoinMarketCap data.

In contrast, Solana is facing ongoing price pressures, having fallen by about 13% over the last month, but it is still holding steady at the $160 level. Nevertheless, Matt Mina, the chief research analyst at 21Shares, expects the currency to achieve a nearby jump if it can surpass the resistance level at $180.

Mina predicts that Solana could reach record levels exceeding $300 by the end of the year.