XRP broke previous highs, SOL approached them, BNB maintained its stability, DOGE won on community interest. ADA, AVAX, SHIB and LINK remained below 0.382 Fib but show breakout potential. According to FXEmpire analysts, DOT Coin, which is in the accumulation phase, has significant upside potential. Analysts evaluate the latest situation in the altcoin market.
The biggest altcoin winners!
The chart below compares the performance of four major altcoins. These are XRP, SOL, BNB and DOGE. It highlights their recovery trajectory since previous bull cycle peaks. XRP and SOL have shown particularly notable rebounds. XRP surpassed previous bull cycle highs, reflecting strong market interest and bullish momentum. SOL approached its former highs before encountering resistance, signalling resilience and renewed investor confidence in its ecosystem. BNB remained relatively stable. Thus, reflecting its position as a service-oriented token with consistent demand. DOGE, meanwhile, failed to reclaim the ATH level. Nevertheless, the meme coin displayed impressive gains fuelled by community enthusiasm and speculative interest.
ADA, AVAX, SHIB and LINK are showing signs of breaking out!
This chart compares the performance of the four major altcoins (ADA, AVAX, SHIB and LINK). It also highlights the recovery phases after a long accumulation phase. Unlike first-tier altcoins that have revisited previous bull cycle peaks, these tokens are still in the early stages of recovery, recently breaking out and approaching the 0.382 Fibonacci retracement level. This suggests that significant upside potential remains.
ADA and AVAX have advanced towards important Fibonacci levels. However, they showed strong breakouts from the accumulation zones, failing to regain higher resistance zones. SHIB and LINK are similarly showing signs of renewed momentum. However, they also remained below critical retracement levels. Thus, signalling that the broader market still has room for further upside movement. The consistent rebound in these altcoins signals growing investor confidence. However, their current levels suggest that further recovery phases are required to revisit previous highs.
This altcoin is ready to run: Polkadot (DOT Coin)!
Polkadot (DOT coin) remained in a net accumulation phase between $3.50 and $11. Therefore, it stands out among the altcoins with the most upside potential. Unlike previous altcoins, DOT Coin has not yet confirmed a breakout. This shows that there is significant room for growth. Since 4 November, we have seen one more breakout attempt. However, a rejection occurred and sent it back to $7.50 on 10 December. This could be the second sub-wave of the five-wave impulse, meaning its next rise could lead to a breakout.
If this happens, the next target is $18.70 (1,618 Fib extension of wave 1). It is also possible that the DOT Coin price will make the final at $23.40. This target is in line with the 0.382 Fibonacci retracement from the ATH level to the lower boundary of the accumulation zone. Compared to current levels, this means a 170% increase.
The opinions and forecasts in the article are those of analysts and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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