As the cryptocurrency market continues to crash and portends a sharp correction ahead, altcoins are losing their bullish grip on multiple support levels. This is increasing the number of market liquidations and the overall FUD in the market.
While this crash will continue to fluctuate with global markets, some altcoins are destined to buck the trend. With Bitcoin’s small recovery, we could see some altcoins quickly recover after the crash and move back to higher levels. Here is a list of such high-potential altcoins:
After the crypto crash, these altcoins are expected to recover quickly
PEPPER（PEPPER）
As one of the most well-known currencies in the meme coin space, PEPE’s price action has fallen sharply in this crash. With a 40% drop in 7 days, the opportunity for a bullish reversal is just around the corner for PEPE.
Driven by buyers at $0.0000060, this meme coin is likely to make a comeback if Bitcoin recovers. PEPE, with a solid community, can lead the next round of recovery.
Additionally, the daily RSI line’s drop into oversold territory could lead to a recovery rally as PEPE tests the support trendline.
VeChain (VET)
VET price failed to sustain the previous lows with the recent reversal of the resistance trendline. Moreover, the decline hit the $0.020 support level, which acted as a psychological buffer that stopped the decline.
As the intraday candles show falling prices, the oversold RSI lines suggest a possible rebound. However, consecutive bearish candles in VET price may add to the bearish impact.
Nonetheless, the altcoin’s recovery rally from $0.020 is likely to challenge the $0.030 trendline above the 50D EMA.
TRON (TRX)
Approaching a critical support trendline, TRX price maintains an uptrend amid a crashing market. Moreover, a long tail pattern in the intraday candlestick chart strengthens the possibility of a bullish reversal for Tron.
TRX price is yet to close below the 200D EMA and the 38.20% Fibonacci level at $0.12. Moreover, the altcoin retains a bullish advantage above the $0.10 psychological mark.
Optimistically, a reversal in Tron could target the 61.80% Fibonacci level at $0.13.
