Bitcoin

AltCoin

As Bitcoin struggles to maintain its value above $50,000, altcoins are experiencing a significant influx of supply.The ongoing sell-off has led to over a billion dollars in liquidations within the last 24 hours, further intensifying the market downturn. This crash has primarily affected those with leveraged <a href="https://cryptosheadlines.com/rndr-surges-60-this-month-promising-developments-keep-investors-positive/" rel="noopener noreferrer nofollow">positions and less resilient investors</a>.<h3 id="img-src-https-academy-public-coinmarketcap-com-optimized-uploads-58836c87bd9e472bbf7cd45fba84a6b4-png"><img src="https://academy-public.coinmarketcap.com/optimized-uploads/58836c87bd9e472bbf7cd45fba84a6b4.png" /></h3><h3 id="top-altcoins-to-consider-during-the-current-crypto-market-downturn">Top Altcoins to Consider During the Current Crypto Market Downturn</h3>Despite the current turmoil, the <a href="https://cryptosheadlines.com/bitcoin-hits-67k-as-crypto-market-recovers/" rel="noopener noreferrer nofollow">crypto market is expected to recover</a> eventually. For those looking to invest during this downturn, here are some top altcoin picks that could offer potential opportunities amid the crash.<h3 id="solana-faces-downturn-amid-market-decline">Solana Faces Downturn Amid Market Decline</h3>As the <a href="https://cryptosheadlines.com/thorchain-rune-exhibits-recovery-indications-amid-bearish-market-trend/" rel="noopener noreferrer nofollow">market trends bearish</a>, Solana (SOL) is facing a tough period. The price has shown a series of eight consecutive red candles following an evening star pattern at $190. This movement has led to a breach below the 200-day EMA, disrupting the previous rounding bottom reversal pattern.Currently, SOL is finding support around $120, which marks a significant intraday decline of 12.53% and a 35% drop over the negative cycle. The daily RSI indicates that SOL is in an oversold condition. Despite this short-term downturn, Solana is considered to have long-term potential, with optimistic projections suggesting it could reach $500 by the end of the year.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/43f7702f4cdd479c8f1448ccf65924c6.png" />SOL price chart by <a href="https://www.tradingview.com/x/AUsi6ao8/" rel="noopener noreferrer nofollow">TradingView</a><h3 id="aioz-network-a-promising-altcoin-in-the-media-and-ai-space">AIOZ Network: A Promising Altcoin in the Media and AI Space</h3>In the Media and AI segment, the AIOZ <a href="https://cryptosheadlines.com/jupiter-vs-pyth-network-altcoin-10x-potential-compared/" rel="noopener noreferrer nofollow">network stands out as a promising altcoin</a>. Despite the ongoing market crash, AIOZ has held steady around $0.38 and has not yet created a new lower low.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/58836c87bd9e472bbf7cd45fba84a6b4.png" />Although the daily chart suggests a potential death cross, the current decline seems to be a retest of a broken wedge pattern. If a bullish reversal occurs, AIOZ could <a href="https://cryptosheadlines.com/a-leading-cryptocurrency-exchange-is-currently-being-investigated-posing-a-potential-challenge-for-the-crypto-market/" rel="noopener noreferrer nofollow">potentially challenge</a> the 50% Fibonacci level at $0.80.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/42c93acbb8224eddaa1a55c702c99adb.png" />AIOZ price chart by <a href="https://www.tradingview.com/x/jPOneq0U/" rel="noopener noreferrer nofollow">TradingView</a><a href="https://cryptosheadlines.com/find-the-best-ongoing-presales-in-2024-as-hedera-acquires-400k-new-accounts-this-week/" rel="noopener noreferrer nofollow">Also Read: Find the Best Ongoing Presales in 2024 - As Hedera Acquires 400K New Accounts This Week</a><h3 id="turbo-a-buy-opportunity-during-the-market-dip">TURBO: A Buy Opportunity During the Market Dip</h3>TURBO, another notable altcoin, offers potential for investors looking to capitalize on the current dip. Despite experiencing a series of six bearish candles and a 40% decline, TURBO has managed to stay above the 200-day EMA.This resilience positions TURBO as a strong buy during the market downturn. With its current price around $0.0030, there is potential for significant gains if the market shifts to a bullish trend, with TURBO possibly reaching the psychological level of $0.010.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/bae1e3ca60324c5987ea2e00688d8593.png" />TURBO price chart by <a href="https://www.tradingview.com/x/5Xtkl9Kj/" rel="noopener noreferrer nofollow">TradingView</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/4df3c3b49e4943268b26f73fac5f7b36.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>

Best Altcoins to Buy During the Crypto Market Crash

Table of Contents

CryptosHeadlines.com

Other articles published on Aug 5, 2024

Mutiny Wallet to Shutter Operations by Year End

Icebreaker Secures $5M Seed Funding to Build Blockchain Alternative to LinkedIn

XRP has drops over 33% over the past week and 20% in the last 24 hours

Ripple Unleashes 1 Billion XRP: $110M Sell-Off Could Trigger Price Crash

Solana Plummets 17% As SOL Hits $118: Is a Break Below Inevitable?

Bitcoin Price Prediction: BTC Plummets 10% As Investors Turn To This Learn-To-Earn Crypto And Its...

Join our free newsletter for daily crypto updates!