Altcoin Season Not Yet Here: 4 Tokens with 80%–120% Rally Potential as Market Sentiment Flips

The crypto market in Q4 2025 remains in a state of cautious equilibrium, with Bitcoin consolidating near $104,200 and Ethereum showing structural weakness. While the broader altcoin market has seen pockets of speculative activity, a full-blown "altcoin season" remains elusive. However, technical indicators and sentiment shifts suggest four tokens-Dash (DASH), SPX6900 (SPX), Monad (MON), and Solana (SOL)-are primed for 80%–120% rallies as market dynamics evolve.

1. Dash (DASH): Practical Use Cases Drive Liquidity

Dash (DASH) has surged 20% in 24 hours, trading near $66, driven by a strategic partnership with Zebec that enhances its utility in payment systems according to analysis. Technically, DASH has shown strong turnover and liquidity, with price action suggesting active trading in both directions. While the broader market remains bearish with a Fear and Greed Index at 15, DASH's fundamentals-rooted in real-world adoption-position it as a candidate for a breakout. Analysts note that its rally could accelerate if institutional adoption of its payment infrastructure gains traction.

2. SPX6900 (SPX): Mixed Technicals, Speculative Rotation

SPX6900 (SPX) has gained 19% in 24 hours, with a 14-day RSI at 61.952, signaling a "Buy". However, moving averages for SPX/USDT suggest a "Strong Sell," creating a divergence. This mixed technical landscape reflects speculative rotation into liquid meme baskets during periods of market caution. Despite conflicting indicators, SPX's 19% gain and elevated trading volume indicate short-term momentum. Retail traders are likely capitalizing on its volatility, though long-term sustainability remains unproven.

3. Monad (MON): Retail-Driven Retail Token

Monad (MON) has surged 19% in 24 hours, trading at $0.046, fueled by new access points like Telegram support and availability on Polymarket. While technical data for MON is sparse, its price action has moved to the upper end of its recent range with manageable spreads. The token's reliance on social media and prediction markets highlights its sensitivity to retail demand. If Polymarket's on-chain trading activity continues to grow, MON could see further speculative inflows, potentially driving a 100%+ rally.

4. Solana (SOL): Bearish Pressure with Rebound Potential

Solana (SOL) is under bearish pressure, trading below its 20, 50, and 200-day EMAs. Its RSI at 31 suggests oversold conditions, hinting at potential mean-reversion bounces. Analysts project price targets ranging from $138.07 to $300, depending on market sentiment improvements. A breakout above $200 could trigger a move toward $237–$253, while a sustained move below $126.1 would reinforce the downtrend. The Fear & Greed Index at 23 underscores a risk-off environment, but dip-buying activity near $124.99 USDT suggests short-term support.

Market Sentiment: A Flip in the Wind?

The broader altcoin market is pressing against a four-year resistance line, with the CoinDesk 20 Index rising over 30% in Q3. Grayscale's research highlights a "distinct alt season," driven by rising exchange volumes and stablecoin legislation. However, this alt season is selective, with institutional adoption and sector-specific strength shaping outcomes. The Fear and Greed Index's extreme fear reading suggests a potential inflection point, as retail and institutional buyers may soon step in.

Conclusion

While a full altcoin season remains on the horizon, the technical and sentiment-driven dynamics of DASH, SPX, MON, and SOL indicate 80%–120% rally potential. Dash's utility-driven gains, SPX's speculative rotation, Monad's retail appeal, and Solana's oversold rebound prospects all align with a market poised for selective strength. Investors should monitor key levels and sentiment shifts, as the next leg of the rally may hinge on Bitcoin's breakout from its consolidation phase.