- The cryptocurrency market is in the middle of a bull run.
- Most altcoins retraced from their initial rallies in the bull cycle.
- Optimists expect the bull run to continue.
The cryptocurrency market is in the middle of a bull run after Bitcoin’s impressive rally coming into 2025. Many users anticipate an altcoin season to follow Bitcoin’s rally, similar to previous bull runs.
However, most altcoins have pulled back from their initial surges, leaving the crypto market in a tricky balance. Optimists believe the bull run will continue, with certain altcoins tipped to lead the way.
Altcoin Performance: SUI and LINK Show Promise, INJ Lags
Sui’s (SUI) 2024 success set the crypto token apart as a bullish asset with strong momentum. The altcoin jumped over 1,000% between August and December last year but has since fallen back 55%, bounced off the 0.618 Fibonacci support on the weekly chart, and looks ready for a restart of the bull run.
Analysts expect SUI to continue moving upward and discover new price levels when the altcoin season starts again.
On the other hand, Injective (INJ) didn’t perform as well, missing the expectations of many crypto users in 2024. INJ’s only major price rally for the year happened in the last two months of 2024 after the cryptocurrency shot up 123% before dropping in 2025.
Notably, INJ already lost all of its gains from 2024, but users still believe in the project’s potential to retest its $53 all-time high as it heads toward price discovery when the altseason begins.
Related: Crypto Overcrowding: The Real Reason Altcoin Season Stalled
Chainlink’s (LINK) 2024 performance impressed many users, with the cryptocurrency climbing over 280% in the year’s second half. Like SUI, LINK has retreated since the start of 2025, bouncing off the 0.618 Fibonacci support on the weekly chart. Even though analysts predict a rebound, LINK is still uncertain as the altcoin has yet to show a reversal signal.
Emerging Altcoins: ONDO and OM Defy Market Trends
Ondo Finance (ONDO) is another cryptocurrency that caught the attention of crypto users in 2025 after gaining about 275% during the post-election crypto market rally. ONDO’s link with mainstream adoption in the US fueled the altcoin’s rally.
However, an early year’s pullback saw the digital asset’s price fall 53%. Users remain optimistic about the return of an upswing, especially with anticipation around crypto policy updates.
Related: Is Altcoin Season Coming Feb 2025? A Look at the Bullish Signs
Mantra (OM) is one of the few cryptocurrencies that has gone against the bear pressure of 2025. The altcoin has risen 166% this year after an impressive rally in 2024. OM’s technical structure suggests an optimistic outlook with the potential for a significant rally.
However, analysts do expect a temporary drop along the way, which could act as a breather before the rally continues.
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