#BullorBear #BinanceLaunchpool The Bitcoin halving in April ignites bullish sentiment across the crypto market as key altcoins to buy like Dogecoin (DOGE), Solana (SOL) and (XRP) bleed presenting modest buy the dip
1. XRP🤯
XRP has observed a notable decrease in its price movement, descending beneath the critical $0.6 threshold amid a prevailing bearish sentiment. The XRP price is trading at $0.5867, reflecting a 2.36% decline over the last day. Despite a slight market adjustment, investor sentiment towards XRP continues to be guarded.
Dogecoin (DOGE)
Amid the recent market downturn, Dogecoin experienced significant selling pressure at the $0.22 mark, leading to a 20% price decrease to now trade at $0.18. In the 4-hour chart, this peak has formed a double-top pattern, intensifying the bearish sentiment among traders. With the Bitcoin pre-halving correction underway, there is speculation on whether this trend will extend the downward movement in altcoins.
3. Dogwifhat (WIF)
Over the past day, the cryptocurrency dogwifhat price has experienced a significant decline in value, dropping by 11.60% to settle at $3.85. The market capitalization of the digital currency now stands at approximately $3.85 billion, ranking it 30th among its peers. Despite the downturn, the 24-hour trading volume saw a sharp increase of 32.45%, signaling heightened investor attention.
4. Shiba Inu (SHIB)
Shiba Inu (SHIB) originated as a meme token, often regarded as a Dogecoin competitor. It has grown into a decentralized ecosystem with its decentralized exchange, ShibaSwap, and has plans to expand into NFTs and game development.
Amid the recent market consolidation, the SHIB price recovery witnessed a notable downturn from the $0.0000328 resistance in late March. The bearish reversal plunged the coin value by 21.5% in the last six days.
By the press time, Shiba Inu’s market cap stands at $15.29 Billion, while the trading volume is around $15.92 since yesterday. According to the recent data by Shibburn, the memecoin has seen a dramatic increase in its burn rate, soaring to 2307.19% over the last 24 hours. During this period, a massive total of 110,384,799 SHIB tokens were removed from circulation.
However, if the supply pressure from broader markets persists, the Shiba Inu price will retest the 61.8% FIB level at $0.00002368.
5. Solana (SOL)
Solana (SOL), a cutting-edge open-source initiative, leverages blockchain technology’s permissionless nature to offer solutions in decentralized finance (DeFi). The Solana protocol is ingeniously crafted to support the development of decentralized apps (DApps), aiming for enhanced scalability through a unique proof-of-history (PoH) consensus, which works in tandem with the blockchain’s inherent proof-of-stake (PoS) consensus mechanism.The value of SOL Coin has seen an extraordinary rise, indicating a strong market performance with over a 500% increase since October, signaling a bullish trend. Despite experiencing a slight 8% decline in the last 24 hours, which saw Solana price adjust to $189, the outlook for the altcoin remains optimistic, with expectations of continued upward momentum, albeit with potential minor retracements.
6. Cardano (ADA)
Cardano (ADA) is a third-generation cryptocurrency that distinguishes itself through a research-driven approach to design and development. The project aims to address scalability, interoperability, and sustainability issues faced by earlier blockchain platforms.
The Cardano price entered the current correction trend in mid-March as the price reverted from the psychological resistance of $0.8. Within three weeks, the altcoin lost 22.4% in value to current trade at $0.628.
With a market cap of $22.4 Billion, Cardano coin maintains its position as the 9th largest cryptocurrency. The price decline today is backed by $502 billion in trading volume, 48% up since yesterday. If the downside momentum persists, the ADA price is likely to challenge the support at $0.57.
However, the confluence of technical levels at this support could bolster buyers to a renewed recovery trend aiming for a $0.678 and $0.8 high.#Memecoins
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