Cryptocurrency market sentiment was positive on Friday. Most major cryptocurrencies rebounded strongly after Thursday's decline, and investors are evaluating which cryptocurrency might be the best choice to buy now if a strong rebound occurs in the second half of October. After briefly falling below $59,000 on Thursday, Bitcoin (BTC) rebounded to $63,000 for a short time. Although the current price has fallen back to $62,000, it is still up more than 3% in the past 24 hours.

Behind the strong gains are positive catalysts, including another one-year extension of Mt Gox repayments and hopes of new stimulus measures from China. Major altcoins Ethereum (ETH) and Solana (SOL) have risen by 2% and 5%, respectively, in the past 24 hours. The strong rebound after Thursday's drop sends a positive signal, indicating that there is currently strong demand for buying on dips. This increases the probability of a strong rebound across the market in the second half of October.

Best cryptocurrencies to buy right now – Which altcoins are the best to buy?

BE

Sei (SEI) is currently trading between $0.38 and $0.50 and is close to its support level of $0.32 after rising 3.5% in the past week. In the past month, SEI has risen strongly by 49.61%, showing good growth potential. The next resistance levels to watch out for are $0.56 and $0.69. If SEI breaks above these resistance levels, it could bring about a massive uptick that could push the price up to 38% of the current range.

SEI has been on a strong run for 287 consecutive days, and now the altcoin is showing signs of a possible breakout. It has consolidated above the 0.236 Fibonacci level, which is a critical support point. Investors are eager to see if SEI can break out of its long-term accumulation phase and move up strongly.

SEI has stabilized above the 0.236 Fibonacci Retracement level, which is a good sign that investors are holding steady. If SEI can break above this level, stronger upward momentum could occur. SEI has also formed a bullish flag pattern, which is often a sign of an impending breakout. If SEI breaks above the current resistance level, it could trigger the next big rally.

While nothing is certain, SEI appears ready for a bigger move. The completed Adam and Eve pattern combined with the bullish flag shows growing strength. If SEI breaks out of its accumulation zone, we could see a surge in price. However, investors should keep an eye on the market for confirmation of this upside move beyond the current accumulation zone.

WIF

Dogwifhat (WIF) is still a newcomer to the memecoin market, and people have high hopes that it will become the new darling of the industry. Despite being in its infancy, WIF has achieved a massive gain of 1383% in the past year. Dogwifhat (WIF) is one of the best performing memecoins throughout the year, and despite losing a lot of value after reaching its all-time high (ATH) of $4.8, Dogwifhat (WIF) has returned to the spotlight with a massive gain of 61% in the past month.

FLOKES

Floki Inu (FLOKI) initially entered the market as a celebration of meme culture and quickly emerged as a serious investment contender. The project's success is attributed to a very active community and innovative marketing campaigns that have enabled it to expand its utility. Floki Inu recently became a fully functional Web 3 service provider with a range of Web 3 features. As it expands, the Floki ecosystem now has a range of Web 3 businesses, including TokenFi for NFT and asset tokenization, P2E Metaverse, staking dApps, and decentralized finance (DeFi) marketplaces.