Top 5 Altcoins To Watch In The 3rd Week of February
AltCoins performed differently last week, with some making significant gains while others in correction mode. Telecommunications Corporation (TEL) led the rally at 88%, pushing its market cap higher than $1 billion, while Sonic (Sonic) jumped nearly 40%, despite efforts since the brand rebranded.
Litecoin (LTC) also received nearly 30% recovery, recovering its $10 billion market cap, while Dexe (Dexe) fell 11% as it began a pullback from its early February high. Meanwhile, Ondo is still in a downward trend, but may be recovering as the wider RWA sector altcoins are rising.
Telecommunications Company (Tel)
Telecommunications Company (Tel) It has soared 88% over the past seven days, One of the best performing altcoins One week. The surge pushed its market cap by $1 billion and reached its highest price level since December 2021.
As TEL escaped from a long stage of integration, this strong rally emphasized the renewed interest in the project. With this momentum, telecom companies have re-entered people into one of the best performing assets on the market.
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The goal of telecom companies is to revolutionize remittances by providing a seamless and cost-effective way to send money globally. Through the telecom wallet, users can send legal remittances to more than 20 countries.
If the bullish momentum continues, TEL may soon test the $0.013 level and even extend its rally to $0.015. However, if the trend reverses, TEL may fall back to $0.0075, while the downside potential further drops to $0.0063 or even $0.0042.
sound
S has soared nearly 40% over the past seven days, with its market cap recovering by $1.5 billion. Despite strong prices, trading volume has dropped 37% in the past 24 hours and is now at $89 million.
This shows that while buying pressure remains, overall Market activities around S It slowed down in the short term.
Sonic, formerly known as Fantomthe goal is the fastest and most effective EVM layer 1, combining speed, incentives and top infrastructure.
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However, the project has faced challenges since the rebranding, with its price still down 63% since mid-December 2024. Despite the recent rally, Sonic is working to restore investor confidence and rebuild momentum.
If the current uptrend continues, the S can test resistance at $0.60, and a breakout above that level may push it to $0.65.
However, if S loses momentum, it may loop to $0.47, and if sales pressures increase, further downside potential is $0.37 or even $0.33.
Litecoin (LTC)
Litecoinone of the most likely altcoins Obtained ETF approval in the United Stateswhich has climbed nearly 30% over the past seven days, is now close to its recent high. Its market capitalization has recovered the $10 billion threshold, which shows the interests of investors.
However, trading volume has dropped 22% over the past 24 hours and is now $1.24 billion, indicating that despite the strong rally, market activity has declined slightly.
The EMA line of LTC shows that the uptrend can continue, with the short-term moving average position above the long-term.
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This bullish setting indicates that momentum is still strong. If the trend holds, LTC can test resistance for $141 and $147. Breakthroughs above these levels could push LTC to $150 or even $160, which would mark the highest price since December 2021.
If the trend reverses, the key support level for LTC is $110, which can provide a buffer for deeper declines.
However, if this level is lost, LTC may slide further to a strong pullback of $96 or even $86.
dexe (dexe)
Dexe is a governance deal that has dropped 11% over the past seven days, with its market cap falling to $1.5 billion. Trading activity was also relatively low, with daily sales of $7.5 million. This decline is due to the tokens accepting corrections as they held a strong rally earlier this month.
Built on the Ethereum blockchain, Dexe hits the highest price Since February 5th 2021. However, after reaching its peak, it is in a pullback phase, with selling pressure greater than buying momentum.
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If the downtrend continues, Dexe can test support at $15.8, and a break below that level may drop it to $13.2, the lowest price since mid-January.
On the other hand, if momentum is transferred to buyers’ support, Dex can test resistance at $19.4, with further upside potential at $21.8 and $24.1. Breakthroughs above these levels may even make the Dexe test $25 since April 2021.
Ondo Finance (Ondo)
Ondo has been on a downward trend In the past seven days, however RWA Department Get power, it may be setting up recovery. As one of the major real-world asset tokens, Ondo remains closely linked to the broader sector trends, and as other RWA Altcoins are currently trending, Ondo can follow this lead.
Its EMA lines are currently very close to each other, and the short-term moving average is still below the long-term.
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However, the gap between them is narrowing, which may indicate a potential trend change. If the downward trend continues ondo At $1.25, there is strong support, and rest below that level may drop it to $1.
If Ondo returns to bullish momentum, it may test its resistance at $1.49 with its upside potential of $1.66.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.