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5 Altcoins Show Comeback Potential After Market Dip

source-logo  coinedition.com 23 June 2025 08:38, UTC

While Bitcoin’s sharp dip to $98,000 from a daily high of $102K sparked a broad crypto selloff, a handful of altcoins–XRP, XLM, SUI, DOGE, and ADA–are quietly positioning themselves for a potential comeback.

Despite market jitters and short-term volatility, these digital assets are buoyed by growing institutional interest, strong technical setups, and ecosystem developments that could result in bigger moves soon.

Stellar (XLM): Institutional Access Expands

Stellar (XLM) dropped nearly 3% in the past 24 hours, currently trading at $0.2310. The move coincided with a 31% spike in trading volume, likely driven by short-term liquidations. Yet beneath the surface, significant developments suggest the asset may be bottoming out.

Sweden’s Spotlight Stock Market recently listed a Stellar-denominated ETP via Valour, a subsidiary of DeFi Technologies. The listing aims to expand investor access and underlines Stellar’s utility in global payments and cross-border remittance use cases.

Source: TradingView

Despite recent price weakness, XLM’s proximity to technical resistance at the 20-day EMA ($0.2545) and 50-day EMA ($0.2662) could set the stage for a reversal.

XRP: Lawsuit Clarity Could Trigger Breakout

XRP has slid 2% and now trades at $2.02, pulled down by rumors suggesting the SEC lawsuit could drag into 2026. However, legal expert Bill Morgan dismissed this scenario, calling such a delay “an improbable outcome.”

This is not on the cards unless Judge Torres rules against the latest joint motion and rather that make the common sense decision to live with the summary judgement decision and the current penalty and permanent injunction, the settlement process breaks down completely and both… https://t.co/K6iU3OfQ4y

— bill morgan (@Belisarius2020) June 23, 2025

He expects the judge to uphold the summary judgment and current penalties—an outcome that would avoid further legal limbo.

Technically, XRP failed to break above its $2.27 resistance and faced $29.4 million in long liquidations in the derivatives market. Still, if the $2.00 support holds and a settlement is reached soon, a breakout remains on the table.

With legal uncertainty likely nearing resolution and investor interest remaining resilient, XRP may soon see its long-awaited relief rally.

SUI: Coiling for a Massive Move

Among altcoins, SUI might be the most structurally interesting. Currently trading at $2.37, SUI is forming a textbook symmetrical triangle on the weekly chart. Volume is tapering, and the price has remained steady between $2.25–$2.35.

According to technical analyst “eye zen hour,” a breakout could propel SUI toward $11.47–a staggering 4.8x from current levels.

Technical Analysis time ⤵️$SUI is coiling inside a textbook symmetrical triangle on the weekly

Structure is clean. Volume is tapering. I'll be honest, the 6 consecutive red weekly candles don't look great…

But the market’s loading the next leg and next phase

Here’s the… pic.twitter.com/qtI2FNyaML

— eye zen hour (@eyezenhour) June 22, 2025

Sui Network also recently partnered with Wormhole and OKX Wallet to bring billions in cross-chain liquidity to the network. It boasts $400 million in new total value locked (TVL) over the past three weeks and $100 billion in cumulative DEX volume, nearing Ethereum in stablecoin activity.

With both structure and fundamentals aligned, SUI appears to be a ticking time bomb for a breakout.

DOGE: Community-Driven Hype and ETF Potential

Dogecoin is back in the spotlight, trading at $0.147 after a multi-week lull. It’s once again among the most talked-about assets on social media, fueled by debates around its utility, unlimited supply, and potential integrations with Elon Musk’s X platform.

While Musk has not confirmed crypto integration into X’s upcoming peer-to-peer payment system, Dogecoin fans are watching closely. Moreover, with ETF optimism rising, Dogecoin is rumored to be among the candidates for spot ETF approvals.

NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y

— James Seyffart (@JSeyff) June 20, 2025

Bloomberg analyst James Seyffart suggests approvals are a matter of “when, not if,” placing DOGE’s odds at 90% by year-end. If the ETF narrative materializes, DOGE’s viral community could amplify gains swiftly.

Related: Solana’s Fundamentals Are Hitting All-Time Highs; Its Price Is Not

ADA: Enterprise Traction and the Leios Upgrade

Cardano (ADA) has rebounded to $0.5477 after dipping to $0.5132, with a billion-dollar spike in trading volume as dip-buyers returned. Nearly $1 billion worth of ADA has also been withdrawn from exchanges in 2025, and 310 million tokens were scooped up by whales in June alone.

Cardano’s momentum is not just speculative. A pilot project involving Ford Motor Company, Iagon, and Cloud Court is exploring ADA’s use in legal data management via decentralized storage. The initiative could open Cardano to enterprise applications in legal, healthcare, and financial sectors.

Related: The Biggest Altseason Is Coming. Here’s Why

Meanwhile, the upcoming Leios upgrade is gaining attention for its ambitious redesign of Cardano’s consensus protocol. Slated for mainnet launch in 2026 (accelerated from 2028), Leios promises improved scalability, tiered fees, and faster sync times.

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