Top Altcoins Report: Telcoin (TEL) Rockets 88% as Sonic (S) Surges 40%, Litecoin (LTC) Reclaims Market Cap Milestone

In the dynamic world of altcoins, this past week showcased contrasting performances with some coins soaring while others faced correction. Telcoin (TEL) emerged as the frontrunner with a remarkable 88% surge, propelling its market cap beyond $1 billion. On the other hand, Sonic (S) witnessed a solid 40% jump, despite challenges post-rebranding.

Litecoin (LTC) also made impressive strides, climbing nearly 30% and crossing the $10 billion market cap threshold once again. In contrast, DeXe (DEXE) experienced an 11% dip as it retraced from its early February highs. Notably, ONDO is currently on a downtrend but could be gearing up for a rebound amidst rising traction in the broader RWA sector altcoins.

**Telcoin (TEL)**

Telcoin (TEL) surged by a staggering 88% over the past week, positioning itself as one of the standout performers. This surge propelled its market cap over $1 billion, marking a significant milestone since December 2021.

This bullish momentum underscores a renewed investor zeal for Telcoin as it breaks free from a prolonged consolidation phase. With this surge, Telcoin has once again captured the spotlight as one of the top-performing assets in the market.

*TEL Price Analysis*: Telcoin's revolutionary approach to remittances aims to provide a seamless and cost-effective way for global money transfers. Through the Telcoin Wallet, users can effortlessly send fiat remittances to over 20 countries.

If the uptrend persists, TEL could target the $0.013 level and potentially extend its rally to $0.015. Conversely, a trend reversal might see TEL retracing to $0.0075, with further downside potential towards $0.0063 or even $0.0042 in a more aggressive pullback.

**Sonic (S)**

Sonic (S) surged by nearly 40% in the past week, revisiting a market cap of around $1.5 billion. Despite the strong price rebound, trading volume saw a 37% decline in the last 24 hours, settling at $89 million.

The decline in trading volume, amidst a positive price trend, suggests a temporary lull in market activity surrounding S.

Post-rebranding, Sonic, formerly Fantom, aspires to be the fastest and most efficient EVM Layer 1 solution, offering a blend of speed, incentives, and robust infrastructure.

*Price Analysis*: Despite the recent rally, Sonic still grapples with a 63% price drop since mid-December 2024. While the surge is encouraging, Sonic continues to focus on rebuilding investor trust and rekindling momentum.

In case the current uptrend prevails, S could challenge resistance at $0.60, with a breakthrough potentially pushing it towards $0.65. Conversely, if the momentum falters, a retracement to $0.47 might occur, with further downward targets at $0.37 or even $0.33 under intensified selling pressure.

**Litecoin (LTC)**

Litecoin (LTC), a strong contender for ETF approval in the US, witnessed a solid 30% uptick over the past week, reclaiming the $10 billion market cap milestone. Although the trading volume slid by 22% in the last 24 hours, amounting to $1.24 billion, the market displayed sustained interest amidst the rally.

LTC's EMA lines indicate an ongoing uptrend, with short-term averages exceeding the long-term ones.

*Price Analysis*: The favorable setup hints at robust momentum ahead. If the trend remains intact, LTC could challenge resistance levels at $141 and $147. A successful breakout could propel LTC towards $150 and potentially $160, marking its highest price since December 2021.

A potential support sits at $110, safeguarding against deeper pullbacks. However, breaches might trigger further declines to $96 or even $86 in a more pronounced retracement.

**DeXe (DEXE)**

DeXe, a governance protocol, faced an 11% decline over the past week, driving its market cap to $1.5 billion. Trading volume remained subdued at $7.5 million as the token corrected post a robust rally earlier in the month.

Leveraging the Ethereum blockchain, DEXE surged to its 2021 peak on February 5 but has since retraced, reflecting selling pressure overshadowing buying momentum.

*Price Analysis*: In a continuing downtrend, DEXE could test support levels at $15.8, with a potential breach signaling a decline to $13.2, its lowest price since mid-January.

Conversely, a reversal in favor of buyers could lead to resistance challenges at $19.4, paving the way for further upside towards $21.8 and $24.1. A decisive breakthrough might even set DEXE on a trajectory towards $25 for the first time since April 2021.

**ONDO Finance (ONDO)**

ONDO witnessed a downtrend over the past week; however, amidst the RWA sector resurgence, a recovery might be on the horizon. As a prominent real-world asset token, ONDO closely tracks broader sector trends, potentially mirroring the current upswing among RWA altcoins.

The proximity of EMA lines, with short-term averages trailing the long-term ones, hints at a possible trend reversal.

*Price Analysis*: In case of further downtrend, ONDO boasts robust support at $1.25. A breach could drive prices down to $1. Conversely, a bullish resurgence might challenge resistance at $1.49, with further gains potentially pushing ONDO towards $1.66.

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