In the current bear market, there are a few best altcoins to buy that have the potential to skyrocket once Bitcoin (BTC) regains the $60,000 level. These altcoins are currently trading at a discounted price and whales are betting big on them.
3 Best Altcoins to Buy
Solana (SOL)
Solana (SOL) is the world’s fifth largest cryptocurrency and is currently trading near a crucial support level of $127. Since March 2024, it has been moving in a parallel channel pattern between the $125 and $190 levels. However, SOL is now at the lower end of the channel pattern. Based on historical price momentum, there is a high probability that it could rise by 40% to reach the $190 level, the upper band of the channel pattern.
XRP (XRP)
XRP is also a top cryptocurrency and is currently getting a lot of attention from traders and investors after its recent victory against the US Securities and Exchange Commission (SEC). It is currently trading above the 200 Exponential Moving Average (EMA) on a daily timeframe, indicating that it is in an uptrend.
Based on the price action, XRP is forming a bullish inverted head and should price action pattern and a bullish double-bottom pattern. It is currently trading at lower levels due to the bearish market sentiment. However, if the sentiment changes, there is a high chance that it could see a price increase of more than 30% towards the $0.74 level.
Dog Wifhat (WIF)
Dogwifhat (WIF) is the world’s fourth largest crypto meme coin and has experienced a price drop of over 68% from its all-time high amid bearish market sentiment. It is currently trading near a crucial support level of $1.40.
Since June 2024, WIF has revisited this level multiple times, and each time the price has risen by at least 30% from this level. Based on historical price momentum, there is a high probability that WIF can rise by at least 30% and potentially rise by 90% to the $2.92 level in the coming days.
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