Altcoins have seen a mixed performance this past week, with some making significant gains while others remain in correction mode. Telcoin (TEL) led the rally with an 88% surge, pushing its market cap past $1 billion, while Sonic (S) jumped nearly 40% despite ongoing struggles since its rebranding.
Litecoin (LTC) also gained close to 30%, reclaiming the $10 billion market cap level, while DeXe (DEXE) dropped 11% as it continued its pullback from its early February highs. Meanwhile, ONDO has remained in a downtrend but could be setting up for a recovery as the broader RWA sector altcoins are going up.
Telcoin (TEL)
Telcoin (TEL) has surged 88% in the last seven days, making it one of the best-performing altcoins of the week. This surge pushed its market cap above $1 billion and reached its highest price level since December 2021.
This strong rally highlights renewed investor interest in the project as TEL breaks out of a long consolidation phase. With such momentum, Telcoin has reentered the spotlight as one of the best-performing assets in the market.
Telcoin aims to revolutionize remittances by providing a seamless and cost-effective way to send money globally. Through the Telcoin Wallet, users can send fiat remittances to over 20 countries.
If the bullish momentum continues, TEL could soon test the $0.013 level and even extend its rally toward $0.015. However, if the trend reverses, TEL might retrace to $0.0075, with further downside potential to $0.0063 or even $0.0042 in a stronger pullback.
Sonic (S)
S has surged nearly 40% in the last seven days, bringing its market cap back to around $1.5 billion. Despite the strong price rebound, trading volume has dropped 37% in the last 24 hours, now at $89 million.
This suggests that while buying pressure remains, overall market activity around S has slowed in the short term.
Sonic, formerly known as Fantom, aims to be the fastest and most efficient EVM Layer 1, combining speed, incentives, and top-tier infrastructure.
However, since its rebranding, the project has faced challenges, with its price still down 63% since mid-December 2024. While the recent rally is a positive sign, Sonic is still working to regain investor confidence and rebuild momentum.
If the current uptrend continues, S could test resistance at $0.60, and a breakout above that level could push it toward $0.65.
However, if S loses its momentum, it may retrace to $0.47, with further downside potential to $0.37 or even $0.33 if selling pressure intensifies.
Litecoin (LTC)
Litecoin, one of the most likely altcoins to receive ETF approval in the US, has climbed nearly 30% in the last seven days, with its price now trading near recent highs. Its market cap has reclaimed the $10 billion threshold, signaling renewed investor interest.
However, trading volume has declined 22% in the last 24 hours, now at $1.24 billion, suggesting a slight slowdown in market activity despite the strong rally.
LTC’s EMA lines indicate that the uptrend could continue, with short-term moving averages positioned above long-term ones.
This bullish setup suggests that momentum remains strong. If the trend holds, LTC could test resistance at $141 and $147. A breakout above these levels could push LTC toward $150 or even $160, which would mark its highest price since December 2021.
If the trend reverses, LTC has a key support level at $110 that could provide a buffer against a deeper decline.
However, if this level is lost, LTC could slide further to $96 or even $86 in a stronger pullback.
DeXe (DEXE)
DEXE, a governance protocol, has dropped 11% in the last seven days, bringing its market cap down to $1.5 billion. Trading activity has also remained relatively low, with its daily volume at $7.5 million. This decline comes as the token undergoes a correction following a strong rally earlier this month.
Built on the Ethereum blockchain, DEXE reached its highest price since 2021 on February 5. However, after hitting that peak, it has been in a pullback phase, with selling pressure outweighing buying momentum.
If the downtrend continues, DEXE could test the support at $15.8, and a break below that level could push it down to $13.2, its lowest price since mid-January.
On the other hand, if momentum shifts back in favor of buyers, DEXE could test resistance at $19.4, with further upside potential to $21.8 and $24.1. A strong breakout above these levels could even see DEXE testing $25 for the first time since April 2021.
Ondo Finance (ONDO)
ONDO has been in a downtrend over the last seven days, but with the RWA sector gaining momentum, it could be setting up for a recovery. As one of the leading real-world asset tokens, ONDO remains closely tied to broader sector trends, and as other RWA altcoins are currently trending, ONDO could follow that lead.
Its EMA lines are currently very close to each other, with short-term moving averages still below long-term ones.
However, the gap between them is narrowing, which could indicate a potential trend shift. If the downtrend continues, ONDO has strong support at $1.25, and a break below that level could push it down to $1.
If ONDO regains bullish momentum, it could test resistance at $1.49, with further upside potential to $1.66.
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