Top Altcoins To Buy In This Crypto Market Crash
The post Top Altcoins To Buy In This Crypto Market Crash appeared first on Coinpedia Fintech News
With the Bitcoin price struggling to hold ground above the $50,000 level, the altcoins witness a huge incoming supply wave. The sell-off results in a billion-dollar liquidation in the last 24 hours, and the crash gains momentum.
Amid the crash, the moderately strong hands and the leveraged positions are wiped out. However, as the crypto market is likely to make a comeback, here are the top picks of altcoins you must consider to buy in this crypto market crash.
Top Altcoins To Buy In This Crash: Solana (SOL)With a bearish trend in motion, the SOL price trend shows a streak of eight red candles after an evening star at $190. The turnaround rally undermines the rounding bottom reversal and breaks under the 200D EMA.
Currently, the SOL price is supported at the $120 mark, with an intraday fall of 12.53%. Further, the negative cycle accounts for a 35% decline, with the daily RSI line hitting the oversold boundary.
With the oversold nature, underlying potential and an optimistic long-term goal, Solana is a must buy altcoin in this crash. Optimistically, the SOL price could end the year at $500.
AIOZ Network (AIOZ)One of the many rising names in the Media and AI segment, the AIOZ network is an altcoin to watch out for. In the crashing market, the altcoin sustains dominance at the $0.38 mark and is yet to create a lower low.
Despite the death cross possibility looming over the daily chart, the downfall comes as a retest of the broken wedge. Hence, with a bullish comeback, the AIOZ token is likely to rechallenge the 50% Fibonacci level at $0.80.
Turbo (TURBO)Sustaining above the 200D EMA amid the market crash, TURBO positions itself as an altcoin to buy. With a lucrative dip in the daily chart at the dynamic support, TURBO highlights a buy to dip.
Despite a streak of six bearish candles accounting for a 40% drop, TURBO is an AI-generated meme coin to buy sustaining dominance at $0.0030. In case of a bullish turnaround, the altcoin price could reach the $0.010 psychological mark.