Bitcoin has shown strong momentum recently, moving from $70K to $90K in a swift rally.
However, as BTC stabilizes in a sideways pattern, many traders are turning their attention to altcoins that are presenting potential buying opportunities during the current market correction.
Binance Coin (BNB)
Binance Coin (BNB) is showing resilience with a potential buy range between $620 and $600.
BNB has experienced a relatively small correction compared to other big caps and is forming a “pre-breakout” pattern similar to Bitcoin’s previous rally.
Avalanche (AVAX)
Meanwhile, Avalanche (AVAX) is eyeing a bottom in the $31 to $29 range, an area that must flip to support for a potential continuation.
The $30 zone is key as it serves as a classic support/resistance flip for AVAX, suggesting an important buy zone.
Polkadot (DOT)
Polkadot (DOT) is another altcoin to watch, with a possible base forming between $4.8 and $4.5, where its dynamic EMA 13 & 21 converge on the daily chart.
The sell-off in this area has opened up a strong demand zone for potential buyers.
Aptos (APT)
Aptos (APT) also offers a favorable buy zone around $11 to $10.
Chainlink (LINK)
while Chainlink (LINK) at the $13 mark shows potential for a support/resistance flip, making it another altcoin to consider during this correction phase.
As the crypto market continues to stabilize, traders might consider multiple entry points to “buy the dip” and capitalize on any potential upward momentum in altcoins, especially with the positive market sentiment and demand zones in place.
Note: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research before making any investments.