Several altcoins, including Sui, Avalanche, Litecoin, Floki, and Bonk, are trading near cycle lows as January ends, despite stable network activity. Analysts note that the current market conditions, characterized by compressed volatility and diminished trading volume, reflect caution rather than structural weakness. Historically, such setups have preceded significant market rotations, particularly when Bitcoin dominance stabilizes. Sui (SUI) maintains network stability with consistent transaction throughput, while Avalanche (AVAX) holds a strong long-term structure despite retracing previous gains. Litecoin (LTC) shows defensive characteristics with lower volatility, and Floki demonstrates community resilience with a balanced holder base. Bonk (BONK) remains a high-risk indicator within the Solana ecosystem, stabilizing near historical support zones.