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The crypto market has dipped recently, with Bitcoin dropping around 7-8% and many altcoins also down by 10-15%. But analysts believe that this is just another buying opportunity.
Altcoin Setup Signals Possible Big Rally
Altcoins touched the same trendline three times last cycle, then dropped 36% before jumping 160%. The same setup is now forming again, the fourth touch and a breakdown, which could mean one last dip before a big altcoin rally.
The analyst is currently focusing on these altcoins: Plume, Aerodrome, Fetch.ai (FET), Chainlink (LINK), NEAR Protocol (NEAR), Internet Computer (ICP), Ondo Finance (ONDO), Hedera (HBAR), Injective (INJ), and Render (RNDR), while a few others are also being considered.
PLUME:
Plume is trading at $0.1379, up 2% in the last 24 hours but down 13% over the past week. It is a promising low-cap project in the RWA sector and has strong growth potential. It is very close to launching its mainnet, which could happen in early June.
Fetch.ai:
FET is the native token of Fetch. ai, a decentralized AI platform built on Ethereum. It powers use cases like automated trading, gig economy jobs, and smart energy management. It is currently trading at $0.8234, up 2.8% in the last 24 hours, with a market cap of over $2 billion. Even though it’s down 6% in the past week, it has recorded gains of over 20% over the past month.
Chainlink:
Chainlink, a decentralised Oracle Network, is currently trading at $14.31, up over 1% in the past day. LINK supply on exchanges is dropping, whales are buying again, and on-chain activity is rising. It may be gearing up for a big breakout with a bullish harmonic pattern forming on its weekly chart. If the pattern completes, LINK could soar up to $30.92.
Aerodrome:
Aerodrome Finance is the main DEX on Base, acting as the core liquidity hub for its ecosystem. With features like ve(3,3) incentives and a mix of liquidity models, it’s built as a next-gen “meta” DEX. It hosts top trading pools for ETH, BTC, and FX, often beating Coinbase Exchange in volume. Currently trading at $0.537, it’s down 1.7% in the past day and is down over 13% this past month.
NEAR Protocol:
NEAR, a layer-1 blockchain, is currently trading at $2.53. It recently showed strong bullish momentum, rising from $2.48 to $2.59, a 4.6% gain. A big volume spike during the break above $2.53 confirmed strong buying. A cup-and-handle pattern and rising channel indicate more upside, and it could keep rising toward $2.58–$2.60 if the momentum holds.
ICP:
ICP is currently trading at $5.38, up over 4% in the past day. ICP is up 16% in the past month and could rise further if it breaks above $6. The World Computer Summit is boosting sentiment, and if bulls hold the $4.5 support, ICP may outperform top Solana meme coins.
ONDO:
Ondo Finance is currently trading at $0.8492, down 0.9% in the past day. ONDO is holding steady near $0.85 after a long correction. A descending wedge on the weekly chart hints at a bullish breakout. If it clears the $1.00–$1.20 zone, a move toward $3 is possible. Low volatility suggests growing upside momentum.
HBAR:
Hedera (HBAR) is a fast, energy-efficient Layer-1 designed for institutions, backed by big names like Google and IBM. HBAR’s stablecoin volume has surged to $181 million, up 9x from last year, making it a top player for fiat-backed digital assets. It is currently trading at $0.1711, down over 1% in the past day.
Render:
Render Network connects users to decentralized GPU power for tasks like AI and 3D rendering. It is currently trading at $3.94, down 1.9% in the past day. Render’s long-term outlook stays positive, and it could hit $9.68 by the end of 2025.
INJ:
Injective is currently trading at $12.77, up over 1% in the past day. Injective is expected to dip slightly to $12.71 by July 4, but it could rise to around $13.34 this summer. With a bullish outlook and a 36% monthly gain, it may be a good time to buy.