Sahana Vibhute
The post Amid the Crypto Crash, These Altcoins May Be the Best ‘Buy the Dip’ Bets for the Upcoming Week! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Solana (SOL)
- The SOL price slashes below the crucial support at $77.50 and may continue to head towards the pivotal support at $65.45
- However, a minor bounce may make its way out just below $70 but the rebound if ignited may still not uplift the price above the crucial price zone around $77.5
- Hence the price may eventually drop to the lower support and later with a rebound may go for a parabolic recovery back towards the $100 resistance levels
Read More: Solana Price Prediction: Will SOL Price Surge To $400 By The End Of 2022?
Terra (LUNA)
- LUNA price currently is testing the crucial uptrend line and may enter a huge bearish trend if it breaks these levels
- The price may be rejected at these levels and could slide down below $50 at 0.6 FIB levels to hit $48.67 where-in a rebound may be fast approaching
- The rebound may assist the price to regain the levels above the trend line and quickly attain the levels above 0.6 FIB levels around $75
Read More: Terra Price Prediction: Will LUNA Price Rise To $200 In 2022?
Algorand (ALGO)
- The Algorand price appears to be stuck up in a bearish trap, where-in the price is expected to undergo yet another massive leg down
- After being rejected at $1, the price is fighting to regain these levels but eventually may slide down to hit $0.5 levels slicing the $0.67 price zone
- However, at this stage, the piercing may be at the apex of the falling wedge, which may ignite a strong breakout above $1 initially and later test upper resistance
Read More: Algorand Price Prediction: Will ALGO Price Hit A New ATH Of $4 In 2022?
dydX(DyDX)
- The dYdX price appears to be slightly bullish than the other altcoins, as it may ignite a recovery much before the popular crypto assets
- The price after reaching the apex of the consolidation had broken out from the descending consolidation, but eventually is currently undergoing a retest
- Therefore, the retest may drag the price to the lower support close to $3 and ignite a flip which may aim higher towards the 2-digit figure in the upcoming days
