3 Undervalued Altcoins Expected to Breakout in July
As the cryptocurrency market continues to fluctuate, a number of altcoins are attracting the attention of analysts due to positive fundamental signals that are not yet clearly reflected on the price chart. According to experts, these coins may be undervalued due to cautious market sentiment, short-term negative events, or simply lack the necessary catalyst to trigger a new wave of growth.
Here are three potential altcoins that experts believe are about to enter a strong breakout phase this July.
1. Theta Network (THETA)
Long-term accumulation and breakout potential
Michaël van de Poppe, one of the most influential cryptocurrency analysts, believes that THETA is seriously undervalued by the market, despite its solid fundamentals and clear technological developments. According to him, THETA's long-term chart is in an accumulation zone, a signal often seen before major price increases.
Notably, the Theta project recently announced a strategic partnership with FC Seoul, the first team in the K League to apply the next-generation AI agents provided by Theta. This is considered a strategic move to expand the Theta ecosystem into the sports and entertainment fields.
Van de Poppe commented that if this positive trend continues, THETA could completely record a growth of up to 280%, bringing this token back on track with the leading altcoins in the market.
2. Polkadot (DOT)
Weakening Selling Pressure - Ready to Exit Accumulation Zone
After being removed from Grayscale's Digital Large Cap Fund in early July, Polkadot faced a wave of short-term sell-offs due to concerns from institutional investors. However, analysts say the reaction is largely emotional and does not reflect the real value of the Polkadot network.
Joao Wedson, an analyst who specializes in tracking money flow behavior, said that DOT's buy/sell pressure Delta is gradually moving from negative territory to a balanced state, indicating that selling pressure is weakening and buying pressure is increasing.
According to him, DOT is currently in the final stages of its accumulation cycle and could soon bounce if market sentiment improves. In the same view, analyst Hardy said that DOT is clearly undervalued and the current price range below $6 could be a good opportunity for long-term investors, with a target of $10 in the coming months.
3. Toncoin (TON)
Persistent Accumulation Towards a Breakout in the Telegram Ecosystem
Toncoin is one of the most anticipated altcoins thanks to the backing of the Telegram ecosystem, a messaging platform with over 1 billion users worldwide. Recently, on July 15, the TAC (The Amazing Chain) blockchain announced the launch of its mainnet on TON, using the EVM virtual machine to increase compatibility with Ethereum decentralized applications.
Although TON has not had a remarkable price performance in the first half of the year, many analysts believe that the nearly 5-month accumulation period within the descending triangle pattern has come to an end. Investor Alex Clay asserts that TON is breaking out of this pattern, with the possibility of entering a new growth cycle.
TON is also supported by positive data: the price remains stable above $2.7, no new lows have been recorded, and the majority of the supply has been accumulated below $3 according to data from Glassnode. This increases the belief that any price above $3 in July could trigger a strong bullish wave.
Market Context Supports Altcoin Growth
In addition, the Bitcoin Dominance index (BTC's capitalization ratio compared to the entire market) has dropped to 62.4%, its lowest level since May. This is an important technical indicator, indicating that money flows tend to shift to altcoins, especially mid- and low-cap coins.
If this trend continues, combined with the above internal catalysts from the project, THETA, DOT and TON are fully capable of becoming the center of the "altcoin season" in July and Q3 of this year.
Conclusion
As the crypto market prepares to enter a new phase of volatility and opportunity, finding undervalued altcoins with strong fundamentals becomes increasingly important. Theta Network, Polkadot, and Toncoin are three potential candidates, possessing positive catalysts and converging reliable technical signals, creating attractive investment opportunities for July and beyond.