Analyst Predicts Imminent ETH, XRP, and DOGE Rally

Bitcoin appears to be approaching a critical inflection point that could trigger a wave of strength across the altcoin market. Prominent cryptocurrency analyst Kevin points to the convergence of technical signals and improving macroeconomic trends that support a bullish scenario. According to his analysis, Bitcoin’s resistance at $106,800 (1.272 Fibonacci extension level) now aligns with a notable decline in BTC dominance and falling USDT dominance—a combination that has historically preceded major rallies in altcoins, including Ethereum, XRP, and Dogecoin.

Technical Signals Point to Altcoin Season

In a podcast published on May 14, Kevin explained in detail that Bitcoin has reached an important resistance level at $106,800, corresponding to the 1.272 Fibonacci extension. At the same time, Bitcoin’s market dominance has begun to decline, which has historically created favorable conditions for altcoin growth.

“We’re seeing macro clarity,” Kevin noted, citing strong labor data, consistent GDP growth, and easing inflation. He believes the recent correction in Bitcoin has likely ended, and a new bullish phase is unfolding.

The analyst paid particular attention to the Total3 chart, representing the total crypto market capitalization excluding BTC and ETH. According to his analysis, this indicator recently successfully defended the “golden pocket”—a key Fibonacci zone. After a period of consolidation, altcoins have broken above the important $871 billion resistance and formed a bullish “inverse head and shoulders” pattern.

“This technical analysis pattern typically precedes a significant bullish movement,” Kevin explains. “Combined with declining Bitcoin dominance, it creates ideal conditions for an altcoin rally.”

Notably, Kevin’s earlier forecast regarding Bitcoin dominance proved accurate. Two weeks ago, he predicted resistance at the 65.45% level, coinciding with the 0.786 macro-Fibonacci level. Since then, dominance has retreated sharply, setting the stage for altcoins to gain traction.

From Words to Actions: Macroeconomic Context

Kevin emphasizes that the current situation in the cryptocurrency market is unfolding against a backdrop of improving macroeconomic conditions. Strong labor market data, stable GDP growth, and slowing inflation create a favorable environment for risk assets, including cryptocurrencies.

“Unlike previous cycles, the current growth is occurring in the context of more sustainable macroeconomic indicators,” notes the analyst. “This could provide more long-term sustainability for the rally, especially for altcoins that traditionally follow Bitcoin’s movements with a lag.”

Historically, periods of declining Bitcoin dominance have created favorable conditions for altcoin growth. For example, during the 2021 bull market, the decrease in BTC dominance from 70% to approximately 40% coincided with the exponential growth of coins such as Ethereum, Binance Coin, and Solana. The current decline from the 65.45% level may foreshadow a similar scenario.

Tom Lee, a well-known Wall Street analyst, also recently expressed optimism regarding Bitcoin’s long-term prospects, predicting the possibility of reaching $1.5 million in 10 years. He characterized Bitcoin as a “Swiss Army knife of money,” emphasizing its versatility and long-term value.

What Awaits Major Altcoins: Prospects for ETH, XRP, and DOGE

Speaking about specific altcoins, Kevin expresses cautious optimism. While momentum is building, evidenced by a recent 3-day MACD cross above zero (typically a bullish signal), he emphasizes the importance of a clean breakout above $106,800 for Bitcoin before declaring a full “green light.”

“We’re gaining strength at this level, not fading into it like before,” he said. If BTC can break out, Kevin sees potential upside toward $116,000 and $122,000, which would create additional room for altcoin growth.

Turning to Dogecoin, the analyst notes striking similarities between the current market structure and past super cycles. He projects possible targets between $1.10 and $1.25, referencing Fibonacci levels that previously marked major tops for the meme coin. The current DOGE price of around $0.23 suggests growth potential of more than five times if the optimistic scenario materializes.

For Ethereum, the second-largest cryptocurrency, the current situation also looks promising. Following its successful transition to the Proof-of-Stake mechanism and continuing scalability improvements, ETH could gain additional momentum from the overall improvement in altcoin market sentiment. While Kevin doesn’t provide specific price forecasts for ETH, historical patterns suggest that Ethereum typically outperforms the market during altcoin seasons.

XRP, despite Ripple’s ongoing legal challenges, is also showing signs of potential growth. Technical indicators, including trading volumes and MACD, point to the possibility of a significant upward movement if the altcoin market indeed enters a rally phase.

Delicate Balance: Key Levels and Potential Risks

Despite growing optimism, the situation in the cryptocurrency market remains volatile and subject to rapid changes. Kevin emphasizes that his bullish scenario depends on Bitcoin’s ability to overcome the $106,800 level.

“Until BTC breaks through this key resistance level, we should maintain some caution,” the analyst warns. “But current signs indicate a growing probability of a breakout.”

It’s important to note that the cryptocurrency market also remains sensitive to macroeconomic events and regulatory news. Unexpected changes in the Federal Reserve’s monetary policy or new regulatory initiatives could quickly alter market sentiment.

Nevertheless, the current technical picture, combined with improving macroeconomic conditions and historical patterns, suggests that we may be on the verge of a significant altcoin rally. For investors considering opportunities beyond Bitcoin, the coming period may offer interesting possibilities, especially in projects such as Ethereum, XRP, and Dogecoin.

As Kevin concludes, “The historical connection between declining Bitcoin dominance and subsequent altcoin growth remains one of the most reliable patterns in the cryptocurrency market.” If this pattern holds, the coming weeks could be an exciting time for altcoin holders.