The crypto market is undergoing a sharp correction after the yen carry trade effect was seen all over the world.
This dip can be a fantastic opportunity to buy and accumulate some of the very best crypto coins at an attractive price. In this article, we will look at best crypto coins to buy now in this dip.
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Bitcoin Next Target
- Current Price: $57,043.19
- 24h Trading Volume: $34.5 billion
- Market Cap: $1.13 trillion
- Circulating Supply: 19.73 million BTC
Price is Oversold at Support. This trading strategy finds assets that are oversold (RSI < 30) and are near a support area, which means there’s a high probability that price will bounce up near-term.
Oversold conditions are typically reached when RSI hits 30 or less.
Weekly Price Analysis
- Price Change (7d): -13.72%
- Price Change (24h): +3.08%
- Trend: Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Up.
- Momentum: Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $56.50, then $50.00.
News Roundup
- Bitcoin scaled down to $49,000 after touching a peak of $70,000 due to yen carry trade effect.
- Speculation around key events like the Bitcoin 2024 conference in Nashville and potential policy impacts from US presidential candidate Donald Trump are influencing market sentiments.
Binance Coin Next Target
- Current Price: $250.75
- 24h Trading Volume: $800 million
- Market Cap: $38.5 billion
- Circulating Supply: 153.85 million BNB
Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken.
Once price breaks above resistance, it can advance higher to the next resistance level.
Weekly Price Analysis
- Price Change (7d): -5.4%
- Price Change (24h): +1.2%
- Trend: Short-term trend is Strong Down, Medium-term trend is Neutral and Long-term trend is Neutral.
- Momentum: Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $450.00, then $400.00. Nearest Resistance Zone is $500.00, then $550.00.
News Roundup
- Hacker behind Rain exchange launder ETH worth $ 3 Mln through Tornado Cash
- BlackRock and Nasdaq Push for Ethereum ETF Options
Pepe Next Target
- Current Price: $0.0000082
- 24h Trading Volume: $200 million
- Market Cap: $840 million
- Circulating Supply: 400 trillion PEPE
Price is Oversold at Support. This trading strategy finds assets that are oversold (RSI < 30) and are near a support area, which means there’s a high probability that price will bounce up near-term.
Weekly Price Analysis
- Price Change (7d): -22.8%
- Price Change (24h): +5.5%
- Trend: Short-term trend is Strong Down, Medium-term trend is Neutral and Long-term trend is Neutral.
- Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels .
- Support and Resistance: Nearest Support Zone is $0.000006. Nearest Resistance Zone is $0.0000091, then $0.0000113.
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