Dollar Slides, Bitcoin Soars, Solana Faces Key Test, Dogecoin Hits Support

As global markets shift, the U.S. Dollar Index (DXY) has plunged below critical support levels, sparking alarm in traditional financial circles. Falling beneath the 100 mark for the first time in months, the dollar's slide is attributed to changing interest rate expectations, geopolitical uncertainty, and a broader realignment in international trade.

Meanwhile, Bitcoin is thriving in the chaos, rising 1.48% intraday to hit $85,885. The inverse correlation between the dollar and Bitcoin seems to be holding strong. With risk appetite increasing, Bitcoin is now eyeing the crucial 200-day EMA near $87,000. Rising volumes suggest investor confidence is growing, and BTC’s push higher could continue as fiat concerns mount.

Solana (SOL) is also making waves, gaining 1.76% to trade around $131. The altcoin is approaching a decisive moment as it tests a rising trendline. A breakdown could send it to the $116 support zone, but solid momentum and growing volume hint at robust backing from both retail and institutional investors.

Adding fuel to the fire, Canada has approved the launch of multiple spot Solana ETFs—an industry-first allowing staking—set to debut April 16. These funds, from firms like Purpose and 3iQ, position Canada as a pioneer in altcoin ETF innovation. If SOL breaks the $135–$140 resistance zone, it may target the $154 level, with attention fixed on whether the bullish momentum can endure.

Dogecoin, meanwhile, has slipped toward a major support level, facing pressure amid broader altcoin uncertainty.