The Cryptocurrencies price has faced another downturn, impacting major top coins. Market conditions remain volatile, and traders are closely watching price movements. With the BTC price struggling at $82k, investors are now eyeing altcoins to buy that could turn $50 into $5,000.
The recent dip erased over $170 billion from the global crypto market. This sell-off comes ahead of key US economic data, influencing crypto sentiment. Despite the downturn, some altcoins present opportunities if the market rebounds. Let’s uncover these altcoins to watch, including XRP, Solana, and DOGE
Altcoins to Buy: (Ripple) XRP
XRP price has dropped 7% in the last 24 hours, currently hovering around $2.16. The decline follows the overall decrease in cryptocurrencies price. Amid this dip, XRP is among the altcoins to buy for potential future gains.
Crypto Expert Ali noted that if the XRP price holds above the head-and-shoulders neckline and surpasses the right shoulder, a bullish breakout could occur. This move might push the Ripple price prediction toward $5, possibly reversing the recent downtrend.
Source: Tweet
Solana (SOL)
Solana price has followed a downward trend, mirroring the broader crypto market decline. The latest SOL price is trading at $128, making an 8% decrease in the past 24 hours. Over the past week, the top altcoin has decreased by more than 20%, slipping below the crucial $150-$130 support levels.
Crypto analyst Ali suggests that the Solana price could experience further movement depending on its ability to hold above the $125-$110 support zone.
A break below this level may lead to additional losses, while stability could support potential recovery. Speculation surrounding a possible Solana ETF and rising interest in Solana-based meme tokens may also influence market sentiment.
Despite the ongoing decline, Solana remains a key best altcoin to buy. If market conditions improve, SOL could regain momentum.
Dogecoin (DOGE)
Dogecoin price has been moving in a bearish trend recently. However, analysts are monitoring its price movements closely. Since October 2022, the asset has seen three major declines. The first two dips resulted in 64% retracements before surging by 300% and 500%. Currently, DOGE has retraced by 66%, raising speculation about a potential rebound.
Analysts suggest this could push the Dogecoin price prediction toward $1. Some traders consider it among altcoins to buy that could turn $50 into $5,000 after the recent dip. As of writing, the DOGE price at $0.1715, with a 10% decrease over the past day.
Final Thoughts
Market volatility continues, but altcoins to buy after this dip could offer significant upside. Investors are closely monitoring price trends for potential gains.
The post Cryptocurrencies Price Prediction: 3 Altcoins to Buy After Recent Dip to Turn $50 to $5,000 appeared first on CoinGape.
