Altcoin Season 2026: Will Solana, SUI And Render Lead A 20% Crypto Rebound This Week?
Bitcoin ended last week on a bullish weekly close, and some traders are now preparing for a relief rally in altcoins. Several major tokens are sitting on key support levels, and a 20% bounce across altcoins is being tipped as the next possible move.An analyst who trades altcoin cycles has started building positions in Solana, SUI, Render and Avalanche.Bitcoin Sets The ToneThe latest weekly candle suggests Bitcoin could recover most of the past two weeks’ losses within days. The levels being watched:Upside target: $84,000 to $85,000 this weekShort-term trigger: a move above $80,000 to $81,000 could lift BTC quickly to $83,000Support: current levels, with a deeper floor at $77,000Liquidity: short positions are building between $81,000 and $82,700, which raises the chance of a short squeezeBitcoin’s daily RSI has also fallen to very low levels, a reading that often comes before a bounce.Bitcoin Dominance Could Unlock AltcoinsBitcoin’s share of the total crypto market is close to the top of a wedge pattern on the weekly chart. A sharp drop in dominance from here would usually mean money flowing into altcoins, and that could set off a fast rally.Altcoins At Key LevelsSolana Support zone: $97 to $101First target: $104, then a push toward $120Setup invalidated below $93 to $94SUISitting on its 200-day moving average and the 0.618 Fibonacci levelTrading inside a falling wedge on the four-hour chart, a pattern that often ends in a breakoutKey support near $0.87Render Holding the 200-day moving average and the 0.618 Fibonacci levelNext important zone near $1.67Bounce target of $1.95 to $2Avalanche The 0.618 Fibonacci support sits near $8.70 to $8.75Setup weakens below $8.40 to $8.50First target is a move of 10% to 12%Other Altcoins On The WatchlistXRP: bouncing off its 200-day moving average and the 0.618 Fibonacci level, and needs a trendline break to start a bigger moveBittensor : a breakout above its current trendline would confirm a bullish setupCompound : back near $20 and sitting on its 200-day moving averageCardano : a possible four-hour breakout, though it is not seen as one of the strongest chartsInjective and NEAR: both still look weak in the short term, with INJ possibly slipping to around $7Two Possible PathsPrices could dip one more time to clear out leveraged positions before rallying, or break higher straight away. Either way, the current zone is seen as an early entry area ahead of a bigger move expected in the coming weeks.