Cardano

Grayscale Bitcoin Trust

Conflux

Coin

<img width="1200" height="675" src="https://coingape.com/wp-content/uploads/2024/01/altcoins-e1705924817350.jpg" class="attachment-full size-full wp-post-image" alt="Altcoins to Buy" decoding="async" style="float:right; margin:0 0 10px 10px;">
Altcoins to Buy: The cryptocurrency market is likely to conclude the week with bullish sentiment, following the <a href="https://coingape.com/bitcoin-eyes-42k-surge-as-blackrocks-ishares-products-head-sees-etf-impact/">Bitcoin price</a> recovery from a sharp sell-off and its stable performance above the $40,000 mark. This resilience has provided a foundation for most major altcoins, which have found robust support, sparking a fresh relief rally across the market.&nbsp; 
Having said that, this correction could revive and exhaust bullish momentum as the BTC price is anticipated to experience a rebound from this level, bolstered by the prevailing liquidity and macroeconomic conditions.&nbsp; 
The report also highlights a waning interest in a <a href="https://coingape.com/bitcoin-etf-will-coal-etf-debut-damage-bitcoins-shine/">Bitcoin spot ETF</a> among traditional finance (TradeFi) sectors, contrary to initial expectations. Additionally, it points out that investors in the Grayscale Bitcoin Trust (GBTC) are currently realizing their profits. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 A January 26 Matrixport research report predicted that Bitcoin will fall to the support level of $36,739, and the price will rebound from this support level, as the overall liquidity and macro environment remain supportive. It noted that TradeFi’s interest in a Bitcoin spot ETF… 
 — Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1750730135865872562?ref_src=twsrc%5Etfw">January 26, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Consequently, if the current trend of retracement persists, the best crypto to buy are Binance Coin (BNB), Cardano (ADA), and Conflux (CFX). 
<h2 id="b-binance-coin-price-hints-a-last-pullback-before-15-upsurge-b">Binance Coin Price Hints A Last pullback Before 15% Upsurge</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/y/Yy0BmcXi.png" alt="Binance Coin Price " width="1946" height="937">
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 Binance Coin Price| TradingView Chart
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</figure> 
Amid the January downturn in the crypto market, the <a href="https://coingape.com/sec-cites-zakinov-vs-ripple-among-cases-binance-lawsuit/">BNB</a> price witnessed a notable correction from $338 to $287, registering a 15% loss. The retracement showcases an uncertain price behavior resonating within two downsloping trendlines which developed into a bullish flag pattern. 
In theory, this pattern leads to a post-rally correction to recuperate the exhausted bullish momentum. Amid the renewed buying interest in the market, the <a href="https://coingape.com/price/binance-coin/">Binance coin price</a> is 0.63% up and currently trading at $304. 
For a bullish entry opportunity, the BNB price should breach the pattern’s upper trendline to signal the end of the correction trend. The post-breakout rally may surge the altcoin 14.7% to hit $360. 
<h2 id="b-why-is-the-cardano-price-poised-for-a-30-surge-b">Why is the Cardano Price Poised for a 30% Surge?</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/c/cK3hmAw9.png" alt="Cardano Price" width="1946" height="937">
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 Cardano Price| TradingView Chart
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ADA, the native cryptocurrency of the Cardano ecosystem, has been experiencing a downward trend since last month. This decline led to a significant drop in its value, falling from $0.677 to the current trading price of $0.46, which equates to a 3% decrease. 
Amid the broader market’s recent upturn, the <a href="https://coingape.com/markets/cardano-price-prediction-bulls-poised-for-new-rally-will-ada-defy-the-odds/">ADA price</a> has managed to stabilize, holding steady above the crucial support level of $0.46 and the 50% Fibonacci retracement level.&nbsp; 
This stabilization, combined with increased buying interest, has led to a second rebound from the $0.46 support zone, laying the groundwork for a bullish pattern known as a double bottom.&nbsp; 
If this pattern continues to evolve, the <a href="https://coingape.com/price/cardano/">Cardano price</a> could potentially rise to challenge the neckline resistance at $0.61. A successful breach of this resistance level would signal a more sustainable recovery for ADA. 
<h2 id="b-conflux-price-analysis-bullish-pattern-points-to-change-in-market-trend-b">Conflux Price Analysis: Bullish Pattern Points to Change In Market Trend</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/r/rK0dzbNu.png" alt="Conflux Price" width="1946" height="937">
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 Conflux Price| TradingView Chart
 </figcaption>
</figure> 
For nearly two months, the <a href="https://coingape.com/cfx-price-rallies-8-as-conflux-unveils-evm-compatible-bitcoin-l2-solution/">Conflux coin price</a> has been trading sideways, reflecting no initiation from buyers or sellers toward this asset. However, a look at the daily time frame chart showed this consolidation as part of the largest bullish reversal pattern called inverted head and shoulder.&nbsp; 
On January 26th, the CFX price witnessed a massive inflow which led to a decisive breakout from the pattern’s neckline resistance near $0.215. If the coin price shows sustainability above the newfound support, the buyers may drive a 58% rally to hit the potential target at the $0.36 mark. 
<h3 id="related-articles">Related Articles:</h3> 
<ul> 
 <li><a href="https://coingape.com/markets/crypto-price-prediction-today-january-27-eth-hnt-manta/">Crypto Price Prediction For January 27: ETH, HNT, MANTA</a></li> 
 <li><a href="https://coingape.com/bitcoin-etf-ark-invest-and-bitwises-trading-volume-are-blockbuster-level-success/">Bitcoin ETF: Ark Invest and Bitwise’s Trading Volumes are “Blockbuster-Level Success”</a></li> 
 <li><a href="https://coingape.com/bitcoin-etf-google-to-start-allowing-etf-related-ads-by-the-end-of-january/">Bitcoin ETF: Google to Start Allowing ETF-Related Ads by the End of January</a></li> 
</ul> 
The post <a href="https://coingape.com/markets/which-altcoins-to-buy-today-january-27-bnb-ada-sui/">Which Altcoins to Buy for January 27: BNB, ADA, SUI</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Which Altcoins to Buy for January 27: BNB, ADA, SUI

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