bullish

Arbitrum

Solana

DeFi

Chainlink

<p>The post <a href="https://coinpedia.org/price-analysis/top-altcoins-to-buy-amid-market-pullback/" rel="noopener noreferrer nofollow">Top Altcoins To Buy Amid Market Pullback</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the crypto market stuck at $2.332T and Ethereum’s recent drop of 7% compared to Bitcoin, this suggests a bearish view. Amid such conditions, the majority of altcoins are painted red with a breakdown of crucial support or reversal with a failed breakout.&nbsp;However, some underrated altcoin gems reveal underlying potential to surge quickly if the broader market improves in the days ahead. So, let’s take a closer look at our top picks of altcoins to buy as the crypto market pulls back.&nbsp;</p>
<h2 class="wp-block-heading" id="h-top-altcoins-to-buy-solana-sol">Top Altcoins To Buy: Solana (SOL)</h2>
<p>With the ongoing recovery rally in Solana challenging a crucial supply zone at $185, the buyers await a breakout extension. Undermining yesterday’s fall, the SOL price has increased by 2.49% today, making a bullish engulfing candle.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXePrkfbAnCFcCa5lfiZ7xDrtJGcIwCtZYngCPGKhHFJ5augUGpDjzywpvgSjVQsPY8fx2iDR9a43kV1-kYRRRnbMJLfvXAp315Rui-ke1I1vA0_3tHeX7qFZ_WAcHmW-Q5ZBbx1CI8Gc2nvFEhrpY1_inbP?key=zNmPF3teX8QvYpNoTtTcng" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/4tL8UEjL/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>Furthermore, the daily price action forms a double bottom pattern with a neckline at $185. Adding importance to the overhead supply zone, the recent higher price rejection on 29th July warns of massive overhead supply.&nbsp;</p>
<p>As per the Fibonacci levels, the highly anticipated breakout will pump the SOL price beyond the $200 psychological mark. With the 1.618 Fib level at $223, the altcoin is ready for action. Thus, Solana is a top altcoin you must consider to buy amid this market pullback.&nbsp;</p>
<h2 class="wp-block-heading" id="h-chainlink-link">Chainlink (LINK)</h2>
<p>Despite a declining trend in motion, Chainlink sustains above the $12 support zone and reveals an upside potential. Taking lower price rejections from the support zone, the altcoin faces opposition from the dynamic 50D EMA.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXesv-fXys91XL2TUhO0GVIEV8rJhflg7e87bvj9zOQJipr7ipeOpLLUhVuIWtDvHr07TpIxKJWXWlhh1Q7C2XdWDCm880SJctLq738ugZRpE_LfXJK33CJnBI3zNbTNYiZ9w9fkssjokTNWR-ouYNR1-aBl?key=zNmPF3teX8QvYpNoTtTcng" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/pnLuWMzj/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>Considering that the broader market sentiments will improve in the coming weeks, the DeFi token will likely come back with a breakout. As per the Fibonacci levels, the $16.75 and $21 are the two upcoming resistances for the breakout rally in Chainlink.&nbsp;Thud, the underlying potential in the declining Chainlink, makes it a top altcoin to buy this time.</p>
<h2 class="wp-block-heading" id="h-arbitrum-arb">Arbitrum (ARB)</h2>
<p>As the number of active users over the Ethereum layer-2 protocols is increasing, Arbitrum shows massive potential for a bull run. However, following the death cross, the ARB price fails to surpass the 50D EMA and maintains a declining trend.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXejEx7n_nL52JNAl6KOCk--Acbz5LQVY2h05NpNxE9-DsUQuoB8HLKJXyY2ttyvIcw5BidesLHfszGkG2ZoBxJ5dZhj8uG1bj4f4g-g7YKkT_fWUodNkbWLhbQpsopNdHQpIridypZShMFT6YZQ2G7DurtR?key=zNmPF3teX8QvYpNoTtTcng" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/0fSvaShM/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>However, the growing RSI divergence in the daily chart as the recent reversal from the 50D EMA approaches the $0.61 support level. Further, a double bottom reversal is possible in the daily chart.&nbsp;</p>
<p>Thus, the underlying shift in bullish sentiments teasing a breakout run could pump the ARB price to the 200D EMA at $1.11. Thus, the reclamation of the $1 psychological mark with a 63% surge makes it one of the top altcoins to buy amid market pullback.&nbsp;</p>

Top Altcoins To Buy Amid Market Pullback

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Ďalšie články zverejnené 31. 7. 2024

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