Ethereum

2024

Arbitrum

Synthetix

Polygon

<p>In the past week, altcoins, including Ethereum (ETH), have experienced a more pronounced correction. The <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener">Ether (ETH) price</a> dropped by over 22%, mirroring the broader correction in the market. Despite the prevailing bearish sentiment, both on-chain data and market analysts suggest that this may present an opportune moment to consider buying.</p> 
<h3 id="altcoins-in-the-opportunity-zone">Altcoins In the Opportunity Zone</h3> 
<p>In light of Bitcoin’s recent decline to a two-week low of $61.7K on Tuesday, insights from on-chain data provider Santiment shed light on potential opportunities within the cryptocurrency market. According to Santiment’s MVRV Opportunity &amp; Danger Zone Model, several altcoins have reached a favorable mid-term trading zone.</p> 
<p>This zone, deemed as an “opportunity zone,” is breached when an asset’s 30-day, 90-day, and 365-day average wallet returns collectively enter negative territory. For traders seeking to capitalize on the current market conditions, Santiment identifies notable candidates within this opportunity zone.</p> 
<p>Among these are BOUNCE ($BOUNCE), Lido ($LDO), OmiseGO ($OMG), Storj ($STORJ), and Synthetix ($SNX), offering potential prospects for strategic investment amidst the market’s fluctuating landscape, reports Santiment.</p> 
<figure id="attachment_186888" aria-describedby="caption-attachment-186888" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-186888" src="https://coingape.com/wp-content/uploads/2024/03/Altcoins-Opportunity-Zone.jpeg" alt="" width="2962" height="1759" srcset="https://coingape.com/wp-content/uploads/2024/03/Altcoins-Opportunity-Zone.jpeg 2962w, https://coingape.com/wp-content/uploads/2024/03/Altcoins-Opportunity-Zone-300x178.jpeg 300w, https://coingape.com/wp-content/uploads/2024/03/Altcoins-Opportunity-Zone-1224x727.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/03/Altcoins-Opportunity-Zone-768x456.jpeg 768w, https://coingape.com/wp-content/uploads/2024/03/Altcoins-Opportunity-Zone-1536x912.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/03/Altcoins-Opportunity-Zone-2048x1216.jpeg 2048w, https://coingape.com/wp-content/uploads/2024/03/Altcoins-Opportunity-Zone-150x89.jpeg 150w" sizes="(max-width: 2962px) 100vw, 2962px">
 <figcaption id="caption-attachment-186888" class="wp-caption-text">
  Courtesy: <a rel="nofollow" href="https://twitter.com/santimentfeed/status/1770249809280237856" target="_blank">Santiment</a>
 </figcaption>
</figure> 
<h3 id="polygon-chainlink-and-arbitrum-on-radar">Polygon, Chainlink, and Arbitrum on Radar</h3> 
<p>Renowned crypto analyst Ali Martinez brings attention to the remarkable accuracy of the TD Sequential indicator in forecasting the price movements of Polygon ($MATIC) since mid-February. Analyzing the 4-hour chart data, Martinez highlights the indicator’s consistency in providing accurate predictions.</p> 
<p>Currently, the TD Sequential indicator is signaling a buying opportunity for $MATIC, hinting at a potential rebound from the $0.92 support level. This development suggests a favorable outlook for Polygon ($MATIC), potentially paving the way for a resurgence in its market performance.</p> 
<figure id="attachment_186894" aria-describedby="caption-attachment-186894" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-186894" src="https://coingape.com/wp-content/uploads/2024/03/MATICUSD.jpeg" alt="" width="2838" height="1443" srcset="https://coingape.com/wp-content/uploads/2024/03/MATICUSD.jpeg 2838w, https://coingape.com/wp-content/uploads/2024/03/MATICUSD-300x153.jpeg 300w, https://coingape.com/wp-content/uploads/2024/03/MATICUSD-1224x622.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/03/MATICUSD-768x390.jpeg 768w, https://coingape.com/wp-content/uploads/2024/03/MATICUSD-1536x781.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/03/MATICUSD-2048x1041.jpeg 2048w, https://coingape.com/wp-content/uploads/2024/03/MATICUSD-150x76.jpeg 150w" sizes="(max-width: 2838px) 100vw, 2838px">
 <figcaption id="caption-attachment-186894" class="wp-caption-text">
  Courtesy: <a rel="nofollow" href="https://twitter.com/ali_charts/status/1770122261783056608" target="_blank">Ali Martinez</a>
 </figcaption>
</figure> 
<p>Renowned crypto analyst Michael van de Poppe identifies a substantial opportunity for investors to capitalize on discounted prices. Citing a general rule of thumb, he recommends considering investments in altcoins trading at discounts ranging from 25% to 60% during bull cycles.</p> 
<p>One such altcoin that van de Poppe highlights is <a href="https://coingape.com/arbitrum-arb-price-corrects-25-market-cap/" target="_blank" rel="noopener">Arbitrum (ARB)</a>, which currently presents a considerable discount and shows signs of readiness for a new upward trend. after yesterday’s 25% correction, the ARB price has already bounced back 5% earlier today, moving back to $1.66.</p> 
<p>Another popular altcoin that Poppe is bullish about is Chainlink. The LINK/BTC pair is showing a good setup for a major breakout and surge ahead.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw">#Chainlink</a> at these price levels in their BTC pair is just a great opportunity. </p> 
 <p>Very happy to be purchasing some today on this one. <a href="https://t.co/rjjn7HYoSO">pic.twitter.com/rjjn7HYoSO</a></p> 
 <p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1770175911515595139?ref_src=twsrc%5Etfw">March 19, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The post <a href="https://coingape.com/altcoins-now-in-opportunity-zone-key-altcoins-to-buy-on-dips/">Altcoins Now In ‘Opportunity Zone’, These Key Altcoins to Buy on Dips</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Altcoins Now In ‘Opportunity Zone’, These Key Altcoins to Buy on Dips

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