The cryptocurrency market is currently trending down due to a major correction that has caused significant liquidation. However, investors see this as an opportunity to acquire assets at lower prices before the altcoin season that is expected to occur in February 2025.
Here are four cryptocurrencies that many crypto whales are watching in the coming months:
1. Dogecoin (DOGE): Meme Coin with Upside Potential
Dogecoin DOGE8.25%-> has shown incredible resilience amid the market correction, with its current price hovering around IDR 4,142 (USD 0.2539). In the past year, DOGE has increased by 200%, reflecting the growing interest of investors.
Some analysts believe that DOGE is following a similar upward pattern to its previous trend, which could take it to new price levels. With the “final capitulation” phase now behind it, DOGE has the potential to be one of the assets that experiences a major surge before the altcoin season arrives
. Solana (SOL): Fast Blockchain with Discounted Price
Solana SOL5.43%->, known for its high transaction speed, has seen a 100% increase in the past year. However, the latest correction has brought its price down to below $200, with it currently trading around $195 after an 8% drop in the past 24 hours.
According to crypto analyst Ali, the TD Sequential indicator shows a potential recovery in the SOL price in the near future. Investors see this price drop as a buying opportunity before a significant increase occurs in February 2025.
if the above analysis is correct then this is the right time to buy coins in the bag