All three large-cap altcoins have either entered oversold zones or begun consolidating near key support levels, creating the technical conditions for a potential breakout or bounce.
DOGE’s Z-score near -1.32 and ADA’s at -2.08 highlight extreme deviations from historical norms, which often precede sharp corrective rallies if supported by volume.
A lesser-known token is showing early signs of accumulation and network growth, making it a high-upside candidate should speculative trading activity return to the market.
As the crypto market enters the summer stretch, several digital assets are forming compelling technical patterns that suggest a potential for significant upside. SHIB, DOGE, ADA, and one emerging altcoin are showing signs of price stabilization, oversold conditions, or growing market interest. If momentum returns to the altcoin space, these tokens could be among the top contenders for exponential gains. Analysts are closely watching these charts as narrowing volatility, rising Z-scores, and breakout setups hint at the possibility of outsized moves in the coming weeks.
SHIB Approaches Inflection Point After Prolonged Decline
Shiba Inu (SHIB) has been trading in a defined descending channel since mid-May 2025. The token experienced a brief upside in early May, but the momentum quickly faded. Over the last several weeks, SHIB has formed a pattern of lower highs and lower lows, a typical indicator of a bearish trend. Despite this, price action has begun to stabilize near the $0.000011 mark, a level that has acted as a short-term base of support.
Current technical indicators suggest the asset may be nearing a potential reversal point. The chart displays a narrowing volatility band, visible through step-line channels resembling Donchian indicators. These bands suggest SHIB is consolidating, with reduced price swings and trading volume. Resistance lies at $0.000012 and $0.000013, and a breakout beyond these levels could indicate a shift in market sentiment. While meme coin sentiment remains subdued, a return of risk appetite in this segment could provide the catalyst for SHIB to challenge its upper trendline.
DOGE in Oversold Territory With Technical Bounce Possible
Dogecoin (DOGE) posted a strong upward move in early May, pushing above all major moving averages, including the long-term 200-day moving average. However, the bullish trend reversed quickly. By June, DOGE was trading below all significant moving averages, the 7-day, 30-day, 50-day, and 200-day, underscoring sustained bearish control.
As of June 23, 2025, DOGE is priced around $0.159. The 30-day moving average ($0.175) and 50-day moving average ($0.18) now serve as nearby resistance zones. The Z-score, which measures deviation from historical averages, is currently around -1.32. This reading indicates oversold market conditions and opens the possibility for a technical bounce. A meaningful trend reversal, however, would require DOGE to reclaim and maintain levels above the 200-day moving average at $0.184. Until then, price action may remain range-bound unless a significant shift in trading volumes or market sentiment occurs.
ADA faces long-term pressure but is approaching the recovery zone.
Cardano (ADA) followed a similar path as other altcoins this cycle. After surging in early May, ADA has experienced a prolonged retracement, with the price falling below all major moving averages. The token peaked in mid-May before entering a consistent downward pattern marked by declining highs and lows, a classic bearish signal.
The current market price is hovering near $0.561, while resistance sits at $0.626 (30-day MA), $0.645 (50-day MA), and $0.687 (200-day MA). The Z-score has reached -2.08, highlighting a substantial deviation below its historical norm and placing it in highly oversold territory. Such conditions have historically preceded short-term rallies or trend reversals. For any bullish continuation, ADA would need to recover and hold above the 50-day moving average. Until then, price movement is likely to remain within a compression zone, potentially building energy for a directional move if buying pressure increases.
Emerging Token Gets Attention as Technicals are in Favor of a Speculative Breakout
The previously discussed major cryptocurrencies, such as SHIB, DOGE, and ADA, demonstrate the characteristics of market consolidation and possible bounce constructions, whereas a surging altcoin with a significant upside potential is drawing the attention of market analysts as well. Even though its identity remains less known, this token has shown vigorous on-chain activity and trading volume, which can be taken as one of the first signs of the accumulation of investors.
This new crypto asset has shown strength against the wider market corrections as it has held steady levels of support with slowly rising boundaries in minor timeframes. However, it is still not at an overbought level as opposed to the larger-cap coins, so it may be a promising choice to experience a powerful price rise in case the market momentum changes. The experts indicate that the previous explosion in social media mentions and wallet increases are supportive factors in line with its bull set-up. Though the volatility is still high, the technical conditions seem to support a breakout once the volume confirms a break through the resistance level.
