The post Top 3 Altcoins to Stack In This Crypto Market Crash! appeared first on Coinpedia Fintech News
With the Bitcoin price dropping below its $65,200 mark, the crypto market has continued to display a negative trend this week. Moreover, the global market cap has recorded a correction of 2.29% within the past day, resulting in it dropping to $2.34 Trillion.
Moreover, Ethereum and other top altcoins have followed in the footsteps of the market leader and have recorded a similar trend by experiencing a significant correction in their respective portfolios. This highlights a high possibility of a bearish price action this week.
Planning to stack more tokens during the ongoing sale of altcoins? Dive in as, in this article, we have covered the top 3 altcoins to stack up during the ongoing market correction that has the potential to record significant gains during the coming time.
UNI Coin Price Forms An Expanding Channel Pattern:
Amid increased price volatility in the cryptocurrency market, the Uniswap price continues to display significant price fluctuations in its portfolio. Notably, the altcoin has lost 10.86% within the past 24 hours but has surged 25.85% over the past month, highlighting long-term bullish sentiment.
TradingView: UNI/USDT
Furthermore, the UNI crypto has formed an expanding channel pattern in the 1D time frame, indicating a high possibility of a bullish reversal. Moreover, the EMA 50-day acts as a support, highlighting increasing positive sentiment for UNI price in the crypto space.
If the bulls regain momentum, the Uniswap price will experience a bullish reversal, breakout of its upper resistance trendline, and prepare to test its upper high of $13.51 during the upcoming weeks. Conversely, bearish price action could pull the price toward its support level of $8.40.
Pepe (PEPE) Price Analysis:
The pepe memecoin displayed a strong bullish price action during May, resulting in it recording a new all-time high (ATH) of $0.00001718 on 27th May. However, since then, the Pepe price has lost momentum and is constantly trading under a descending channel pattern.
TradingView: PEPE/USDT
The Pepe price has lost 39.12% from its ATH, creating this a good entry point for investors to stack this memecoin as it is predicted to surpass its previous high and achieve a new one this year.
If the cryptocurrency market experiences a bullish reversal, the PEPE coin price will prepare to test its upper resistance level of $0.0000140 this month. Negatively, if the bulls fail to regain momentum, the memecoin will head toward its low of $0.00000880.
Cardano Price To Make A Comeback This Month?
Amid the crypto market correction, the ADA coin price broke down its important support level of $0.4275 after trading within a closed range between $0.4275 and $0.5175 for over two months. This highlights increased price action for the altcoin in the crypto space.
TradingView: ADA/USDT
Moreover, the technical indicators EMA 50/200-day and MACD display a constant bearish trend in their price chart, highlighting a weak bullish influence for the altcoin in the cryptocurrency space.
In case of a bullish reversal, the Cardano price will regain momentum and prepare to retest its upper resistance level of $0.5175 this month. However, if the crypto market continues to trade under a bearish note, the CardanoADA price will plunge toward its crucial support of $0.3325.
Also Read : Bitcoin Price Prediction: How Low Might BTC Price Drop This Crypto Market Crash