Dogecoin, Cardano, and Chainlink Rally as Crypto Market Cap Jumps 6.9%

Dogecoin, Cardano, and Chainlink posted strong gains as the cryptocurrency market staged a broad recovery, lifting total market capitalization by 6.9% to $2.38 trillion in just 24 hours. The rally was fueled by a large short squeeze and renewed risk appetite among investors. Bitcoin surged roughly 7%, while Ethereum reclaimed the key $2,000 level. Solana and XRP also delivered solid returns, reinforcing the bullish crypto market sentiment.

Dogecoin price climbed 12.7% to trade near $0.1038 after rebounding from an intraday dip and holding firmly above the crucial $0.10 support level. Trading volume jumped 70% to $1.44 billion, highlighting rising investor interest. In recent sessions, DOGE consolidated between $0.095 and $0.098, a range that reflected steady buying pressure despite broader market uncertainty. Analysts now view $0.10 as an important short-term support zone. If Dogecoin maintains momentum above this level, the next potential target sits around $0.12.

Cardano price recorded an even sharper move, surging 17% to $0.305 after bouncing from $0.2546. The breakout follows a challenging February marked by persistent selling pressure. ADA’s daily trading volume soared 135% to $905 million, supported by steady whale accumulation. Derivatives activity also increased significantly, with trading volume rising 112.93% to $1.39 billion and open interest climbing 31.32% to $565.77 million. Sustained strength above $0.30 could open the path toward $0.33, while failure to hold may trigger a pullback to $0.29.

Chainlink price rebounded 14.26% to $9.43 as market conditions improved. LINK stabilized near a key demand zone after prolonged selling pressure. Analysts suggest that holding above $9.40 could pave the way for a breakout toward the $10–$13 resistance range. However, a drop below $9 may signal renewed weakness.

Overall, Dogecoin, Cardano, and Chainlink are benefiting from renewed bullish momentum. Continued strength in Bitcoin and rising trading volume will be critical in sustaining further upside across the crypto market.