Bitcoin’s Plunge Sparks New Altcoin Opportunities

The dramatic drop of Bitcoin $102,730 to around $98,000 caused a chill in the cryptocurrency market , leading investors to seek opportunities in altcoins. Amid heightened tension in the Middle East and economic concerns, the market experienced significant downturns, with some altcoins losing more than 10% of their value. While many altcoins remained stagnant, certain coins appear to be silently gearing up for a robust recovery.

XRP, XLM, and DOGE Coin: Analysts’ Perspectives

Ripple $2 ‘s XRP currently trades at $2.02, having decreased by 2.3% in the last 24 hours. Despite the bearish trend, projections suggest potential recovery in July, with prices moving between $1.91 and $2.22. Analysts foresee a 10% rise despite a decline exceeding 12% over the past month.

Stellar (XLM), priced at $0.2303, saw a 2.6% drop in the last 24 hours. The bearish dominance persists, although July shows promise, with prices possibly reaching between $0.26 and $0.28, signifying a 23% appreciation from current levels. XLM’s Relative Strength Index (RSI) plummeting to oversold levels indicates a short-term recovery signal. While most moving averages still decline, some momentum indicators have turned positive.

Dogecoin $0.156352 (DOGE), trading at $0.1523 with a 1.3% decline over 24 hours, has depreciated over 33% since early June under sustained bearish pressure. Nonetheless, analysts suggest a potential rise to $0.17 in July, equating to a 19% boost. DOGE’s 2025 outlook remains cautiously upward. Should the market recover, the altcoin could possibly retest its all-time high around $0.70.

SUI and ADA Coin Show Promising Potentials Despite Current Signals

SUI coin has seen a 2.5% drop in the last 24 hours, currently priced at $2.49, with most technical indicators pointing towards a bearish trend. Despite this, a resurgence in buyer interest may spark a recovery, as strong fundamentals and long-term growth potential suggest opportunities if the bearish momentum shifts.

Although SUI has depreciated more than 30% this month, there remains a potential to further decline to $1.97. Analysts hope for a SUI recovery in July, targeting prices between $1.84 and $2.02.

Cardano $0.552429 ( ADA ), priced at $0.5463, began June with a recovery from $0.51 but remains trapped between $0.65 and $0.70. Sustaining above $0.60 might initiate a bullish movement toward $1.43. Should it fail to maintain this level, a fallback to $0.50 is possible. Within the next 12 days, especially if market conditions improve, there is anticipation for ADA to climb above $0.72.