Bitcoin and Dogecoin continued their downward slide on Tuesday, dipping nearly 5% within the 24 hours. The larger crypto market followed the weakness, as traders braced for another volatile week.
Analysts noted that the pullback could spur a fresh wave of rotation into fundamentally strong assets. Now, ADA and LINK are on the top list of the best altcoins to buy before the expected Q4 rally.
Bitcoin Drops to $111,000 as ETF Outflows Mount
Bitcoin dropped to $111,408, down 3.24% in the last 24 hours, a sign of persistent weakness in institutional demand. The Bitcoin crash came after a combination of ETF liquidations, a technical breakdown, and renewed macro-economic pressure from global trade worries.
Spot Bitcoin ETFs in the US recorded net outflows of $326.52 million on Monday. Grayscale, Fidelity, and Bitwise experienced heavy redemptions, whereas BlackRock's IBIT fund saw moderate $60 million inflows. These moves are signs of selective buying in the middle of widespread caution.
Technically, Bitcoin is still in a state of pressure. Its RSI is at 42, which is below neutral, indicating a lack of strength in the short term. Support is around $110,000, and resistance is around $117,000. ETF inflow recovery is expected to act as a precursor for optimism ahead of the anticipated Q4 rally.
Dogecoin Slides to $0.20 as Meme Coin Momentum Fades
Dogecoin had a sharp reversal after being unable to hold over $0.23-$0.24, and it is trading under $0.20. The decline broke its short-term ascending movement, which signified the end of its October momentum.
CoinGlass data reveals a $56.9 million outflow, emphasizing continuous selling. The merger of the House of Doge and NASDAQ listing was announced to give the sentiment a slight boost, but it was not enough to prevent the Dogecoin price crash.
The 50-day and 20-day EMAs have now become resistance just above $0.23. Support is at $0.18-$0.16, and weakness can continue if demand remains weak. Analysts state that fading meme coin volatility is leading to investor interest in assets with better fundamentals before the Q4 rally.
ADA Whales Accumulate Despite Market Weakness
Cardano continues to see purchases from big market players. Wallets holding 10-100 million ADA added 0.14 billion ADA, approximately $89.6 million worth of ADA. This cumulative rise began before the correction and has never ended.
The Cardano price forecast is still considered bullish. The Money Flow Index is positive, meaning both retail and institutional investors are still confident. Cardano's parachain Hydra 1.0 was launched, increasing its total value locked by 43.4%, a sign of renewed DeFi growth.
Analysts consider ADA as one of the best altcoins to invest in before the Q4 rally, as it possesses a robust ecosystem and continued whale accumulation.
LINK Gains Strength as Supply Tightens and Orders Increase
Chainlink is also showing signs of recovery. On-chain data shows decreasing exchange accommodation and increased demand. The Exchange Supply Ratio dropped from 0.155 to 0.151, attesting to tighter token supply.
Whale orders spiked during the recent dip, resembling the behavior witnessed ahead of prior rallies. Analysts remain bullish on Chainlink price, with a target of retesting $24 if consolidation persists.
With increasing institutional interest, LINK is now providing a similar role as ADA among the best altcoins to buy ahead of the Q4 rally. Both assets have strong on-chain momentum with consistent long-term investor confidence.
Analysts Expect Altcoin Recovery Before Year-End
The ongoing market correction could soon give way to an altcoin market recovery. Historically, altcoins outperform once Bitcoin stabilizes and volatility subsides. Analysts believe this pattern may repeat as traders seek undervalued projects ahead of the Q4 rally.
Altcoins with strong ecosystems, transparent development, and active adoption, like ADA and LINK, continue to dominate analyst recommendations. If Bitcoin holds the $110,000 level, a broader crypto recovery may emerge before year-end.
Altcoins Poised to Lead the Q4 Rally
The Bitcoin drop and Dogecoin drop underscore a cautious market mood, but analysts see opportunity in the shift. As liquidity moves away from meme coins, attention is turning to assets with stability, growth, and long-term value.
ADA and LINK represent the best altcoins to buy before the anticipated Q4 rally. Their combination of whale accumulation, strong fundamentals, and security focus positions them to outperform once sentiment turns positive. Analysts agree that investors entering early in these assets could benefit most when the next bull phase begins. For now, the market’s correction may be the reset altcoins need to ignite the next leg of the Q4 rally.