A handful of altcoins are staging a significant recovery amid a fragile crypto market outlook following last Friday’s liquidation cascade, with analysts pointing to strong underlying narratives and liquidity support as the key differentiators.
The select group of assets leading the charge includes Bittensor (TAO), Mantle (MNT), World Liberty Financial (WLFI), Aster, Dogecoin (DOGE) and BNB, which have surged 30.5%, 22.7%, 18%, 17.6%, 10.7% and 8.1% respectively over the past 24 hours, per CoinGecko data.
This performance is far from random, experts told Decrypt.
“These aren’t random rebounds—they’re coins backed by either utility, liquidity depth, or narrative conviction,” Shivam Thakral, CEO of Indian exchange BuyUcoin, told Decrypt.
He explained that Bittensor’s TAO and Mantle’s MNT are buoyed by their ties to the persistently popular AI and real-world asset (RWA) sectors. BNB draws strength from the Binance ecosystem, he added, with Aster being similarly connected to its network.
Thakral noted that Dogecoin was an outlier, with meme coins surging “on social sentiment and speculative momentum.”
Nevertheless, sentiment among traders remains relatively muted. On Myriad, a prediction market launched by Decrypt's parent company DASTAN, users place just a 13.4% chance on Aster topping $4 before the end of the month.
Fundamental catalysts
Other analysts echoed Thakral's view, pointing to see fundamental catalysts at work.
“What unites these assets is a mix of liquidity depth, active ecosystems, and community-driven demand,” Shawn Young, Chief Analyst of MEXC Research, told Decrypt. “These are qualities that help them absorb shocks and recover more quickly.”
For Young, BNB's climb signals “renewed confidence in exchange tokens,” and Dogecoin continues to act as a reliable barometer for returning retail optimism.
The recovery unfolds as the crypto market continues to process the aftermath of the "Black Friday" crash. Analysts characterized the initial rebound as a "recalibration" rather than an all-clear signal, warning of persistent volatility, according to a previous Decrypt report.
Looking ahead, both experts anticipate a period of consolidation in the second half of October, with a potential uptrend over the fourth quarter contingent upon improving liquidity conditions and the absence of major macroeconomic or geopolitical shocks.
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