The movement of Bitcoin is largely consistent with last Friday's sudden drop, both being strong deleveraging events, with the difference being that this wave of altcoins has followed suit, and the extent is significant. The market's volatility adjustment period will last until after Christmas, with retail funds on Western chains gradually unloading, and the weekly market trend is also downward, following a template of decline after a rebound. Therefore, while there is operational volatility, the space is limited; those who are good at technical trading should be able to achieve good results through high selling and low buying. For retail investors, those with assets will definitely not move, while those without will not buy even if the price drops by ten thousand points. Observing the subtle changes indicates that the altcoin market will continue to be interconnected.
However, from a technical perspective, most segments of the altcoin market that previously performed well may face another sharp decline before a broad reversal occurs. Entering at this position could be relatively safe; of course, those who can advance bravely belong to the top tier of the industry. Everyone should think selectively based on their mindset and actual situation.
The takeoff stage is approaching; buy the dip on these 3 altcoins that have increased by 10 times!
1. ADA
Currently, Cardano's monthly increase exceeds 70%, but it has dropped nearly 10% in the past day and about 19% over the past week, with today's trading price at $1.01. Nevertheless, the trading volume of the token has increased by 101% in the past 24 hours, reaching $3.7 billion, indicating a rise in trading activity and enthusiasm for ADA. Its solid fundamentals and growing adoption suggest that this downturn may provide an excellent opportunity for long-term investors.
Despite the Cardano Foundation's social media being hacked, the team's quick response has maintained investor confidence. Currently, if ADA holds its key support level, its price could reach $4 or even $6, with the key buying zones around $1.20 and $0.76, indicating that ADA may be poised for a rebound.
For investors focusing on the medium to long term, Cardano's robust network upgrades and growing use cases make it an attractive buying opportunity during this adjustment period.
2. AVAX
Avalanche's price has dropped about 7.28% in the past day, falling to $45.98. Nevertheless, during the altcoin crash, the token's solid fundamentals and technical structure make it an ideal buying choice.
Avalanche's three interoperable blockchain solutions address the blockchain trilemma, providing scalability while maintaining decentralization. It is recommended to buy AVAX in the range of $41 to $37, targeting a recovery to $94 to $118. Its ability to support Ethereum-compatible dApps and decentralized finance (DeFi) projects remains a key factor in promoting adoption.
Avalanche, as a fundamental component of blockchain scalability and interoperability, remains a good choice for investors looking to leverage its long-term potential.
3. DOGE
Dogecoin is the pioneering meme coin, and I have always been optimistic about it. It has evolved from a meme joke to a strong competitor in the cryptocurrency market. Currently, Dogecoin's trading price is around $0.48, having dropped nearly 8.33% in the past day. Nevertheless, its value has increased by more than 70% over the past month, demonstrating its resilience.
Its loyal fanbase and support from figures like Elon Musk help keep DOGE relevant. Meanwhile, the current monthly growth trend indicates that if market conditions stabilize, DOGE could break the $1 barrier.
By combining community support and market momentum, Dogecoin has solidified its position as one of the best meme coins during this altcoin crash for those who do not mind high-risk, high-reward investments.
