The altcoin market is showing resilience, with Solana, XRP, and Dogecoin recovering from heavy losses. This recovery indicates strong investor confidence, which could lead to further price increases.
Key points:
Solana, XRP, and Dogecoin rebound after a weekend of heavy liquidation triggered by US airstrikes on Iran.
Over $1.2 billion was liquidated from cryptocurrency positions over Saturday and Sunday, led by BTC and ETH.
Bitcoin reclaims $101,000, while altcoins show signs of stabilization amid improving sentiment.
Analysts point to dip buying and increased institutional interest as factors behind the quick recovery.
Altcoins rebound as market stabilizes after geopolitical shock
Cryptocurrency markets are showing signs of recovery after a volatile weekend that saw over $1.2 billion in leveraged positions liquidated, triggered by US military strikes on Iranian nuclear sites. Among altcoins, Solana (SOL), XRP, and Dogecoin (DOGE) are leading the recovery, recovering from steep losses as buyers return to the market.
Bitcoin (BTC) briefly dipped below six figures, falling to $99,000 before rebounding above $101,000 early Monday. Ethereum (ETH) is trading around $2,259, while SOL is back at $134, XRP is trading above $2.02, and DOGE is hovering around $0.153.
Liquidations across cryptocurrencies rise to $1.2 billion
Coinglass data shows a combined liquidation of $1.24 billion in cryptocurrencies from Saturday to Sunday. Bitcoin led the liquidations with over $230 million in forced closures, followed by Ethereum with $188 million. Altcoins followed:
Solana (SOL): $28M liquidated
XRP: $21 million liquidated
Dogecoin (DOGE): Over $25 Million Liquidated
These liquidations were driven by margin calls on leveraged positions, often causing rapid price spirals that forced exchanges to automatically close traders' contracts.
Market sentiment turns cautiously optimistic
Despite the weekend chaos, analysts suggest the rapid recovery points to growing market resilience. According to Eugene Cheung, Chief Commercial Officer at OSL, "Altcoins like Solana and Ethereum are benefiting from improving fundamentals, attracting developers, and the rise of ETFs."
Cheung noted that Ethereum remains a prime target for institutions, while Solana's performance reflects increased speculation around the approval of spot ETFs and active network usage.
Nick Rick of LVRG Research echoed the sentiment:
The market appears to believe that the US-Iran conflict will remain confined to the region and will not escalate into wider economic turmoil.
However, Rick also warned that any Iranian retaliation or disruption to oil flows through the Strait of Hormuz could lead to another round of volatility.
Cryptocurrencies remain in an overall uptrend despite risks.
While the liquidation series revealed market fragility, the recovery highlights the underlying positive sentiment. Many traders view the forced sell-off as buying opportunities on the dip, especially as Bitcoin maintains key support near $100,000.
As geopolitical risks evolve, market participants are expected to monitor macro indicators, military developments, and institutional flows—especially in the altcoin space.
