Top 3 Altcoins to Stack In This Crypto Market Crash!
Release: 2024/06/18 20:04 Reading: 872
Top 3 Altcoins to Accumulate During the Market Correction
Amidst the recent market volatility, with Bitcoin falling below $65,200, the crypto market has experienced a downturn. However, this presents opportunities to accumulate undervalued altcoins.
1. Uniswap (UNI)
UNI has displayed significant price fluctuations in recent times, with a 10.86% drop in the past 24 hours. However, its long-term trajectory remains bullish, with a 25.85% surge over the past month.
UNI has formed an expanding channel pattern, indicating a potential for a bullish reversal. The EMA 50-day provides support, suggesting positive sentiment for UNI.
If the bulls regain momentum, UNI could breakout upwards, aiming to reach $13.51. Conversely, a bearish trend may lead to a drop to $8.40.
2. Pepe (PEPE)
PEPE experienced a bullish run in May, reaching an ATH of $0.00001718. However, it has since traded under a descending channel pattern.
Despite the 39.12% decline from its ATH, PEPE remains an attractive investment opportunity. It is predicted to attain a new high this year.
If the market turns bullish, PEPE could test its resistance level of $0.0000140. Failure to do so may lead to a decline towards $0.00000880.
3. Cardano (ADA)
Amidst the correction, ADA broke below its support level of $0.4275 after a prolonged period of consolidation.
Technical indicators suggest a weak bullish influence. However, a reversal could see ADA regain momentum and aim for $0.5175.
Conversely, continued bearishness may push ADA towards its crucial support of $0.3325.
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