- BTC retested range-lows at $91k, before attempting a rebound
- XRP, DOGE, and SOL pullbacks eased at levels, signaling a potential recovery
Bitcoin [BTC] dropped by nearly 10% in the last three days, triggering a market-wide sell-off across the altcoin sector. BTC’s dominance also soared to 58% as investors unwinded their altcoin positions.
However, there was temporary relief on Friday after BTC stabilized above its $91k range-lows. The depreciation of major assets like XRP, Dogecoin [DOGE], and Solana [SOL] also eased at its December demand levels. So, what’s next for these top altcoins ahead of the U.S jobs report?
XRP price prediction – Is a breakout imminent?
Source: XRP/USDT, TradingView
XRP held the sell-off better than any altcoin, indicating a strong market structure that could offer an upside surprise. It only dropped by 6% and was above the 50-day EMA (moving average) at press time. A bullish breakout from the triangle pattern could drive bulls to $3.4 – A whopping +40% potential gain.
On the flipside, short-sellers could carry the day if XRP declines below $1.8. At press time, the market could go in either direction as key technical indicators were neutral.
Dogecoin price prediction – Is $0.3 the local bottom?
Source: DOGE/USDT, TradingView
The dog-themed memecoin erased part of its November gains, but remained above its key multi-month trendline support.
The support stopped previous pullbacks in October, November, and December. Will it hold steady again in January? Most probably, based on the recent rebound at the trendline. If the recovery extends itself, $0.35 and $0.30 would be the immediate bullish targets.
However, a breach below the trendline support would invalidate the positive outlook. In such a scenario, short-sellers could drag DOGE lower to its $0.27 and $0.21 levels.
Solana defends demand levels in December
Source: SOL/USDT, TradingView
Solana dumped the hardest during the recent sell-off. It shed over 17% in the last four days and fronted a rebound on Friday. At press time, it was up about 4% after tapping a December demand zone above $175.
For the recovery to extend itself, SOL had to blast above the trendline resistance. If so, the March highs of $210 and the supply zone at $220 could be reachable. However, positive prospects could be dimmed if SOL’s drop extended below the December demand zone.
Read Solana [SOL] Price Prediction 2025-2026
That being said, the sell-off triggered a funding rate reset and a healthy market scenario that could fuel the altcoin sector’s rebound. However, a sticky BTC dominance could derail the sector’s chances of recovery.
Source: Coinglass
