Analyst Who Knows 3 Times: Buy From These Altcoins In The Crash!

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READING NOW Ana­lyst Who Knows 3 Times: Buy From These Alt­coins In The Crash!

Bitcoin’s $30,000 test failed once again. Bot­tom expec­ta­tions con­tin­ue in the alt­coin mar­ket. Cryp­to investors are unde­cid­ed due to the 80% drop from peak prices. In these con­di­tions, a pop­u­lar cryp­tocur­ren­cy ana­lyst pre­dicts that alt­coins will see an addi­tion­al 50% to 70% drop from cur­rent levels.

In antic­i­pa­tion of a bear mar­ket bot­tom, DOGE and SOL alt­coin will shine in the bear market

accord­ing to Don­Alt, a well-known cryp­to expert explains his top cryp­tocur­ren­cy picks. You can find the hit pre­dic­tions of the cryp­to ana­lyst nick­named Don­Alt here. In a recent YouTube post, Don­Alt pre­dict­ed that alt­coin prices could drop 50 to 70% from cur­rent lev­els. As Bit­coin (BTC) begins to show signs of recov­ery, the ana­lyst says he will look at a num­ber of oth­er alt­coin projects:

I believe Solana is a safe choice. It will be a great invest­ment to take the posi­tion. To be hon­est, I think Doge­coin will go up a bit too. Not at these lev­els. I expect every­thing to be low­er, like me, but even­tu­al­ly it will bot­tom out, I just don’t believe it will sur­pass the pre­vi­ous peak.

In the same video, anoth­er cryp­to strate­gist, Cred, explains why Don­Alt chose Solana (SOL) and Doge­coin (DOGE) as their cryp­tocur­ren­cy choic­es and is more into cryptocurrencies.

I believe there are two rea­sons why we still see bid­ding, or at least recov­ery, in ear­li­er cycle cryp­tocur­ren­cies: famil­iar­i­ty and liq­uid­i­ty. That is all. They don’t stand out in any way. A hype doesn’t seem to be reviv­ing. I think when they regroup they will do the same in the next cycle. These are all assump­tions in my opinion.

Mean­while, the ana­lyst adds the exchanges’ local cryp­tocur­ren­cies to the list. Glob­al cryp­to exchange Binance’s token BNB and FTX’s cryp­tocur­ren­cy FTX Token (FTT) are two of the most pop­u­lar cryp­tocur­ren­cy exchanges on the market.

BNB Coin lost $290; Can it expect a bounce in the next two days?

In his recent on-chain analy­sis, Akash­nath, who updat­ed his BNB fore­casts, says that BNB Coin is under heavy sell­ing pres­sure. BNB found some sup­port at $295 over the past few days and man­aged to climb $312.

Over the past two weeks, BNB has trad­ed between the sup­port and resis­tance lev­els of $295 and $337, respec­tive­ly. How­ev­er, it dropped deci­sive­ly below $295 soon after and the pre­vi­ous lows of $290 (with red dots) were also undefended.

On the tech­ni­cal side, the RSI on the hourly chart has dropped below the 40 lev­el to show strong bear­ish momen­tum. In the last few days, this lev­el has act­ed as sup­port. The Awe­some Oscil­la­tor was also well below the zero line but appeared to form a green bar on the hourly chart to sig­nal a pos­si­ble bounce.

In con­clu­sion, Akash­nath says that BNB Coin remains bearish:

If Bit­coin finds some sup­port at $28.7K and sees a bounce, then BNB is like­ly to bounce back from the $275 demand zone. How­ev­er, its short-term trend remains bearish.

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