9 Altcoins Selected by the SEC: Golden Opportunity When the Market is in a Downturn?

The cryptocurrency market has fallen into the red and many investors are currently looking for altcoins to "buy" amidst the declining prices. Recently, the Securities and Exchange Commission (SEC) has drawn attention to nine altcoins by first approving and then temporarily halting an ETF proposed by Bitwise. This ETF includes Bitcoin along with these nine altcoins. An analyst has examined these altcoins and the reasons why they may witness significant growth in the coming year. Ethereum Ethereum leads the list and has the strongest position compared to other altcoins. Ethereum is approaching the long-term resistance area, a resistance area that has existed since 2021.

Price targets may include $4,800 ( the previous all-time high ), $5,800 ( based on Fibonacci levels ) and possibly $8,600 in the current market cycle. XRP XRP, the second largest altcoin in Bitwise's portfolio, also appears strong technically. This token has recently broken out of two bullish patterns: the symmetrical triangle pattern and the bullish pennant pattern.

These models suggest that XRP could reach a price of $4.30 or even $5.17 in the near future. Solana Solana has built a reputation thanks to its fast transaction speeds and low fees. The price chart of Solana is showing a strong cup-and-handle pattern, which is often a bullish signal.

Based on this model, Solana could reach a high price of up to 410 dollars or even 511 dollars. Cardano Cardano is another popular altcoin, but its performance has not been as strong as Solana or XRP in recent months. The current price target for ADA is around $1.25.

This level is very important because it is the peak price in the 2018 cycle and serves as the main resistance area in previous trading cycles. Other Altcoins to Draw Attention SUI is in a crucial trading zone with the potential to reach 4 dollars and is strongly supported by venture capital. Chainlink (LINK) is forming a bullish pattern with a target of 40 dollars, supported by solid utility and leadership capability. Avalanche (AVAX), despite mixed signals, still appears strong when priced in ETH. Litecoin (LTC) shows some potential for a breakout but has performed worse than its history, especially compared to Bitcoin. Polkadot (DOT) is also struggling to regain its previous peak due to low user adoption rates despite solid infrastructure. Overall, Chainlink stands out as the top choice based on the growing interest from Wall Street and the technical performance of altcoins.