Crypto Dip Secrets: BTC Falls While Altcoins Pretend to Be Serious

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Bitcoin (BTC) continues its elegant descent into a bear market, leaving would-be altcoin savants asking, with a straight face, who on Earth is actually buying altcoins. If your conviction remains that certain altcoins will play a larger role in tomorrow’s economy, the presently oversold levels for $ETH, $XRP, and $SOL are at least quaintly temptation-worthy-don’t panic, it’s only a market.

First, remember that BTC is the big dog in the crypto market, possibly wearing a very fancy hat. If Bitcoin intends to keep sliding, the altcoins are likely to be dragged along, like enthusiastic puppies trying to pull a spaceship. A safe assumption, unless you have a time machine and a spare spaceship to prove otherwise.

Also, if $BTC loses another 10% of its value, $ETH will probably shed at least that much, while $XRP and $SOL could drop 15% to 20% on top. The market is a rather scary film at the moment, but as with any asset, it can only go down for so long before gravity asserts itself-and the opposite direction tends to be spectacularly optimistic, or at least entertaining.

$1,950 down to $1,500 best buy level for $ETH

The higher time frames are best for looking at possible price reversals, much as a patient starship captain waits for the right moment to press the big, red button. The weekly $ETH chart above shows the price still making higher highs and higher lows, even if there is a huge amount of volatility between them-think of it as a very excitable metronome.

An ascending trendline can be drawn that has the last local low coming down to retest it perfectly. This trendline could also be redrawn to go through the pivot low of April 2025, and this would potentially line up with the major $1,500 horizontal support level-perhaps a better buy zone than a random purchase of a nice dishcloth at the market.

At the bottom of the chart, just as is the case for $BTC, both the Stochastic RSI and the RSI are at oversold levels. The RSI indicator in particular is approaching the level of the bear-market lows seen in June 2022-so there’s certainly room for a dramatic yawn, if nothing else.

$XRP bounces here, or crashes down to $1.00 and below?

When looking at the weekly chart for $XRP it becomes obvious that it is an odd creature. Most of the price action tends to lurk around the low level of $0.10 to $0.70, with gigantic spikes to the upside roughly every four years, in step with the Bitcoin four-year cycle. Is the price going to retreat to those lower levels, or will the cosmos conspire to gently surprise us with a more cheerful plot twist?

It may well do so, but if Bitcoin, Ethereum and the rest pivot back to the upside from here, $XRP is quite likely to follow suit.

As things stand, the $XRP price is sitting on a decent support level now at $1.37. However, if this fails, a drop all the way to $1.00, or even $0.75 could be on the cards-proof that the universe enjoys giving a gentle nudge before the fireworks begin.

Unthinkable drop for $SOL price if $78 support fails

$SOL looks like a screaming buy as it comes down to the $78 major horizontal support. A candle wick recently went down through this level and sprang back up again, proving the willingness of buyers to step in here, which is the market’s equivalent of a brave, slightly manic crowd cheering at a cliff edge.

If this level does not hold, the almost unthinkable result would be a drop down to $47. Just like the previous two charts though, the Stochastic RSI and the RSI are at extreme bottoms. A bounce would appear to be the more likely prospect, unless the universe of finance decides to rewrite its own rules for kicks.

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2026-02-11 15:31