In the current bearish market, there are a few best altcoins to buy that have the potential to skyrocket once Bitcoin (BTC) regains the $60,000 level. These altcoins are currently trading at a discounted price and whales are making big bets on them.
3 Best Altcoins to Buy
Solana (SOL)
Solana (SOL) is the world’s fifth-largest cryptocurrency and is currently trading near a crucial support level of $127. Since March 2024, it has been moving in a parallel channel pattern between the $125 and $190 levels. However, SOL is now at the bottom of the channel pattern. Based on historical price momentum, there is a high chance it could soar by 40% to reach the $190 level, the upper band of the channel pattern.
XRP (XRP)
XRP is also a top cryptocurrency and is currently gaining substantial attention from traders and investors following its recent victory against the United States Securities and Exchange Commission (SEC). As of now, it trading above the 200 Exponential Moving Average (EMA) on a daily time frame, indicating that it is in an uptrend.
Based on the price action, XRP is forming a bullish inverted head and should price action pattern and a bullish double-bottom pattern. Currently, due to bearish market sentiment, it is trading at a lower level. However, if the sentiment shifts, there is a high possibility it could see a price surge of over 30% to the $0.74 level.
Dogwifhat (WIF)
Dogwifhat (WIF) is the world’s fourth-biggest crypto meme coin and has experienced a price decline of over 68% from its all-time high due to bearish market sentiment. Currently, it is trading near a crucial support level of $1.40.
Since June 2024, WIF has revisited this level multiple times, and each time it has seen a price surge of at least 30% from this level. Based on the historical price momentum, there is a high chance that WIF could soar minimum by 30% and potentially rise by up to 90% to the $2.92 level in the coming days.
