The SEC Accidentally Gives Out “Buy the Dip” Watchlist for Altcoins

• The SEC’s recent action on the Bitwise ETF has put a spotlight on the nine altcoins in its portfolio
• This list, including ETH, XRP, SOL, and ADA, is seen by many as an institutional-grade crypto watchlist
• Analysts have laid out ambitious price targets for these tokens that traders are watching amid the dip.

The crypto market has slipped into red, and many investors are now looking at altcoins ‘to buy’ amid the ongoing dip. 

Recently, the U.S. SEC brought attention to nine altcoins by first approving and then pausing a proposed ETF from Bitwise. This ETF included Bitcoin along with these nine altcoins. An analyst took a look at these altcoins and why they might see big gains in the coming year.

Ethereum (ETH)

Ethereum leads the list and has the strongest position among other alts. Ethereum is approaching a long-term resistance zone, one that dates back to 2021. 

Price targets could include $4,800 (the previous all-time high), $5,800 (based on Fibonacci levels), and possibly $8,600 during the current market cycle.

XRP

XRP, the second-largest altcoin in the Bitwise portfolio, also looks strong technically. The token recently broke out of two bullish patterns: a symmetrical triangle and a bull flag pennant. 

These patterns show that XRP could reach price levels of $4.30 or even $5.17 in the near future.

Related: Ripple’s RLUSD Stablecoin Earns Top “A” Rating; Here’s Why XRP Stands to Benefit the Most

Solana (SOL)

Solana has made a name for itself with fast transaction speeds and low fees. Its price chart is showing a strong cup-and-handle pattern, which is typically a bullish signal. 

Based on this pattern, Solana could reach as high as $410 or even $511.

Related: A $1.9 Billion Staking Exit Hits ETH, but Is It Really a Bearish Signal?

Cardano (ADA)

Cardano is another well-known altcoin, but it hasn’t performed as strongly as Solana or XRP in recent months. The current price target for ADA is around $1.25. 

This level is important because it was the peak price during the 2018 cycle and acted as a major resistance zone in past trading cycles.

Other Altcoins To Watch

SUI is in a critical trading zone with potential to hit $4 and has strong backing from venture capital. Chainlink (LINK) is forming a bullish pattern with a target of $40, supported by solid utility and leadership. Avalanche (AVAX), despite mixed signals, looks strong when priced in ETH. 

Litecoin (LTC) shows some breakout potential but has underperformed historically, especially against Bitcoin. Polkadot (DOT) also struggles to regain past highs due to low user adoption despite solid infrastructure. Overall, Chainlink stands out as the top pick based on Wall Street’s growing interest and the altcoins’ technical performance.