Bitcoin surged past a new all-time high of $123,000, but the rally didn’t last long. The price quickly dropped below $118,000 as major investors took profits. This led to a market-wide correction of about 5% to 10% across many cryptocurrencies.
Amid the dip, popular crypto analyst Crypto Banter has urged investors to treat the current market dip as a rare chance to urgently accumulate top altcoins before the next major rally.
As Bitcoin’s dominance begins to wane and capital rotates into altcoins, several key tokens are flashing strong “buy” signals, supported by both technical trends and recent fundamental developments.
Among his top picks, Solana (SOL) stands out. It’s currently trading around $166.7, but according to Banter, any dip below $160 creates a great opportunity to buy before a possible move to $187 or even $240.
Next is Cardano (ADA). Banter suggests the best buying zone is between $0.69 and $0.71, especially after the price bounced off key support levels.
Ripple’s XRP also made the list. With strong support around $2.60 and $2.80, Banter believes XRP is “gearing up” to break its all-time high and possibly reach $6.
For Algorand (ALGO), he recommends buying between $2.55 and $2.70, a range that lines up with past resistance levels.
Banter puts extra focus on SUI, saying there’s urgency to buy near $3.70 to $3.84. Right now, SUI is trading around $4, showing a 3.65% gain already.
Other altcoins to keep an eye on include Dogecoin (DOGE), trading at $0.17, which could benefit from ETF rumors and growing meme coin interest. NEAR Protocol (NEAR), currently at $2.5, is also showing strong potential for the next rally.
Crypto Banter believes that as Bitcoin’s drop slows down and altcoins get stronger, a big rally could be coming. They think altcoins are about to enter a powerful growth phase, helped by good news from governments and more money coming in through ETFs.
Bitcoin briefly surged past $123,000 but quickly dropped below $118,000 as major investors engaged in profit-taking activities, leading to a market-wide correction of 5% to 10% across many cryptocurrencies.
The crypto market is experiencing mixed performance. Bitcoin recently pulled back from a new all-time high of $123,000 to below $118,000 due to profit-taking. However, Ethereum is showing strength, climbing to a five-month high above $3,100, fueling anticipation for an altcoin rally.
According to crypto analyst Crypto Banter, the current market dip, following Bitcoin’s pullback, is considered a “rare chance to urgently accumulate top altcoins.” He believes altcoins are poised for a “powerful growth phase” and a significant rally.
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