3 Mid-Cap Cryptos to Buy if Market Correction Bottoms
The post 3 Mid-Cap Cryptos to Buy if Market Correction Bottoms appeared on BitcoinEthereumNews.com.
Cryptos to Buy: Since last weekend, the crypto market has projected a sluggish trend following the consolidation in BTC above $55000. The sideways trend in most major coins indicates the market momentum stabilizing after the recent correction. However, the Bitcoin price still wavers at the risk of further downfall as the German government continues to offload more BTC. According to the latest data from crypto analytics firm Santiment, Bitcoin sentiment among traders on social media platforms like X, Reddit, Telegram, 4Chan, and BitcoinTalk has reached the most bearish levels seen in the past year. The firm notes that this extreme bearish sentiment, also known as Fear, Uncertainty, and Doubt (FUD), could be a contrarian indicator suggesting a potential rebound. 😒 Bitcoin sentiment among traders on X, Reddit, Telegram, 4Chan, and BitcoinTalk are showing the most bearish narratives this week in a year. When the crowd shows FUD at this level, the chances of a rebound to catch the majority off guard is at its peak. pic.twitter.com/JLOhNB77n7 — Santiment (@santimentfeed) July 9, 2024 Santiment’s analysis highlights that when the crowd exhibits FUD at this magnitude, the likelihood of a price bounce increases significantly, often catching the majority off guard. Thus, if the market correction bottoms in July, the top Mid-cap cryptos to buy Chainlink, WIF, and Notcoin emerge as potential reversal signs. Also Read: Bitcoin Puell Multiple Flashes BTC Bull Run to Start Ahead in Q3 Cryptos to Buy- Litecoin (LTC) Litecoin (LTC) is a peer-to-peer cryptocurrency that was created to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology. Litecoin (LTC)| Trading Over the past five, the LTC price traded in a sideways trend resonating within two converging trend lines of the triangle pattern. The continuation pattern is known to drive a consolidation trend for…
Filed under: News - @ July 10, 2024 11:18 am