Following the breakout in November 2024, Bitcoin surpassed the $100,000 milestone for the first time, reaching a peak of $108,300. This rally was accompanied by a notable decline in Bitcoin dominance, dropping from approximately 61.5% to around 54.6%. This shift triggered the onset of an “Altseason,” where several altcoins demonstrated exceptional performance. With market conditions now aligning similarly, a number of altcoins are showing strong technical and on-chain signals that suggest a significant upward trajectory. Here are five altcoins that could potentially deliver 10x gains from current levels.
1. Ondo Finance (ONDO)
ONDO recently completed a correction phase after hitting a new all-time high above $2.
Despite a brief dip below its long-standing ascending trendline, the price has rebounded and is now retesting a critical resistance level.
Weekly Bollinger Bands are tightening, historically a precursor to sharp price movements. If this pattern repeats, a 200% rally could be imminent.
The weekly MACD is nearing a bullish crossover, indicating waning selling pressure and growing buyer interest.
If ONDO can maintain support above $1.44, a breakout toward $2.50 or higher is likely in the near term.
2. Hedera (HBAR)
HBAR appears to be entering a parabolic recovery, following a classic rounded bottom formation.
The price has moved above the Gaussian channel, and continued stability in this zone could confirm a bullish trend reversal.
Notably, the Chaikin Money Flow (CMF) has entered positive territory for the first time this year, signaling renewed capital inflows.
If momentum continues, HBAR could test its neckline resistance around $3.80. A brief consolidation may follow before a potential push toward new all-time highs.
3. Sui (SUI)
SUI is currently tracing a textbook Elliott Wave structure, with the price now advancing through the third and typically strongest wave.
The narrowing of the Bollinger Bands suggests a forthcoming volatility expansion that could favor the bulls.
RSI has entered the overbought territory, following a healthy short-term pullback — an indication of sustained bullish sentiment.
Should the wave pattern continue to unfold as expected, SUI could target new highs near $6 in the coming sessions.
4. Chainlink (LINK)
LINK remains in a robust uptrend, bouncing off key ascending support established after breaking out of a prolonged consolidation phase in 2023.
While currently encountering resistance around $17.50, the next major upside target lies at $21.68.
Technical indicators support this momentum: the MACD is nearing a bullish crossover, and RSI is trending upward.
With continued strength, LINK could climb toward the upper boundary of its long-term expanding channel, potentially reaching $40.
5. Solana (SOL)
Solana has re-entered a parallel ascending channel, signaling a potential bullish continuation.
The price has also broken above the Ichimoku Cloud’s conversion line, often a precursor to a strong rally.
A confirmed MACD bullish crossover further supports the case for upward momentum.
SOL is expected to consolidate between $162 and $195 in the short term. If it sustains a breakout above $200, a rally toward $280 and new highs could follow.
Conclusion
With Bitcoin’s dominance continuing to decline and altcoin technicals strengthening across the board, the crypto market appears to be entering a new growth phase. ONDO, HBAR, SUI, LINK, and SOL are among the most promising projects poised for significant upside. As always, investors should conduct their own research and consider risk management strategies when participating in volatile markets.