These Altcoins can see Quick Recovery After Crypto Crash

The post These Altcoins can see Quick Recovery After Crypto Crash appeared first on Coinpedia Fintech News

As the crypto market crash continues and warns of an intense correction ahead, the altcoins are losing the bullish grip over multiple support levels. This increases the market liquidation numbers and the overall FUD in the market. 

Although the crash will continue to fluctuate with the global markets, some altcoins are bound to swin against the sea. With minor recovery in Bitcoin, we can see some altcoins quick to recover and regain higher levels after the crash. Here’s a list of such high-potential altcoins:

Top Altcoins To Buy For Quick Recovery: PEPE (PEPE)

One of the biggest names in the meme coin segment, the PEPE price action reveals a massive drop in this crash. With a 40% drop in 7 days, the bullish reversal chances in PEPE are just around the corner. 

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With buyers at $0.0000060 holding the wagon, the meme coin is likely to make a comeback if Bitcoin recovers. PEPE, with a solid community, can spearhead the next recovery rally.

Further, the daily RSI line dropping in the oversold zone could result in a recovery bounce back as PEPE tests the support trendline. 

Vechain (VET)

With the recent reversal from a resistance trendline, the VET price fails to uphold the previous low formation. Further, the downfall hits the $0.020 support level, a psychological cushion, halting the downfall. 

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With a lower price rejection visible in the intraday candle, the oversold RSI line teases a potential comeback. However, the streak of bearish candles in the VET price is likely to increase the bearish influence. 

Nevertheless, a recovery rally in the altcoin from $0.020 could challenge the overhead trendline above the 50D EMA at $0.030.

Tron (TRX)

Approaching a crucial support trendline, the TRX price maintains an uptrend in a crashing market. Further, the long-tail formation in the intraday candle bolsters the bullish reversal possibility for Tron. 

Tradingview

The TRX price is yet to close below the 200D EMA and the 38.20% Fibonacci level at $0.12. Further, the altcoin holds bullish dominance above the $0.10 psychological mark. 

Optimistically, a reversal in Tron could aim for the 61.80% Fib level at $0.13. 

Read Also: External Factors Have a High Impact on Bitcoin Now: Was Crypto Better Before ETFs?