The post 3 Best Altcoins to Buy Before the Next Bull Run appeared first on Coinpedia Fintech News
In the current bearish 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 making big bets on them.Â
3 Best Altcoins to Buy
Solana (SOL)
Solana (SOL) is the worldâs 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 bottom of the channel pattern. Based on historical price momentum, there is a high chance it could soar by 40% to reach the $190 level, the upper band of the channel pattern.
Source: Trading View XRP (XRP)
XRP is also a top cryptocurrency and is currently gaining substantial attention from traders and investors following its recent victory against the United States Securities and Exchange Commission (SEC). As of now, it trading above the 200 Exponential Moving Average (EMA) on a daily time frame, indicating that it is in an uptrend.Â
Source: Trading View
Based on the price action, XRP is forming a bullish inverted head and should price action pattern and a bullish double-bottom pattern. Currently, due to bearish market sentiment, it is trading at a lower level. However, if the sentiment shifts, there is a high possibility it could see a price surge of over 30% to the $0.74 level.
#Ripple whales have scooped up over 50 million $XRP in the past 24 hours, boosting their holdings by approximately $29.5 million! pic.twitter.com/nqNMG2J5Ng
â Ali (@ali_charts) August 27, 2024
Dogwifhat (WIF)
Dogwifhat (WIF) is the worldâs fourth-biggest crypto meme coin and has experienced a price decline of over 68% from its all-time high due to bearish market sentiment. Currently, it is trading near a crucial support level of $1.40.
Source: Trading View
Since June 2024, WIF has revisited this level multiple times, and each time it has seen a price surge of at least 30% from this level. Based on the historical price momentum, there is a high chance that WIF could soar minimum by 30% and potentially rise by up to 90% to the $2.92 level in the coming days.
