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Top Cryptocurrencies to Buy Now as Crypto Market Sees Reversal
Rekindling hopes of a bull market, Bitcoin’s overnight reversal projects a potential recovery for altcoins. BTC Price back to $56,500 and Ethereum above $3,000, the altcoin market is rebounding quickly.
With meme coins and other altcoins quickly rebounding after the market crash, the bullish trend in recovering tokens is likely to accelerate. Therefore, as market gains are expected to return to bullish levels, here are the top cryptos to buy now as the crypto market expects a reversal.
Dogwifhat (WIF): Cryptocurrency targets $3
With a 25% jump in 24 hours, the currency itself Wi-Fi Prices The trend is recovering quickly from the stock market crash. The crypto is resurfacing above the 61.80% Fibonacci level and is ready to reclaim the psychological $2 mark.
Trading at $1.98 with an intraday gain of 3.54%, the meme coin is forming a double bottom pattern with a neckline at $2.43. As the neckline coincides with the 5% Fibonacci level, breaking this level will result in a rapid and massive jump.
With a lower price rejection and a bullish reversal, WIF crypto price is teasing a bullish surge towards the $3 mark.
Shiba Inu (SHIB)
After the stock market crash, the SHIB Price The trend is testing the falling support trendline of the descending channel pattern. However, with a bounce from the crucial trendline, the meme coin is poised for a bullish cycle within the pattern.
SHIB is trading at $0.000015 with an 18% jump in the last 24 hours, reinforcing the morning star formation. With a significant trend reversal pattern at a crucial support zone, the price of SHIB cryptocurrency is expected to rise.
According to the daily chart, SHIB price could reach the $0.000020 mark next week.
BONK (BONK)
After surviving the stock market crash, BONK Prize is holding above the longer term uptrend spine support trendline. With a double bottom formation and lower price rejections, meme coin price is expected to rebound next week.
Moreover, the cryptocurrency supports the 78.60% Fibonacci level and is trading at $0.000021988. Considering the recovery of the broader market, the meme coin could reach the $0.00003217 mark next week.
Read also : Crypto News Today: Bitcoin and Altcoins Reversal, Has the Market Bottomed?