The post Is a Bitcoin Pullback Coming? Here Are Top Altcoins to Buy During the Dip appeared first on Coinpedia Fintech News
Bitcoin has been the star performer lately, however, altcoins have also started to fight back. Bitcoin dominance has dropped to 62%, which shows a shift towards altcoins. Ethereum’s recent 10% daily surge and 50% weekly rally have some investors wondering if we’re on the brink of a full-blown altseason.
XRP, BNB, ADA, DOGE, and Solana have also gained 2%-8% in the past day. The Crypto Fear and Greed Index remains positive, holding strong at 74, which shows continued bullish sentiment in the near term.
Is A Pullback Coming?
In a recent YouTube video, Altcoin Buzz discussed how Bitcoin rose from $74,500 to just under $106,000 in the past 5 weeks. However, a healthy correction could be coming, which is normal after such a sharp rise.
Analysts see the current Bitcoin dip as a buying opportunity, with a possible drop to $98,000 or $102,000 before bouncing back. But if it keeps climbing, the next pullback could be even steeper. Currently, Bitcoin is trading around $103,743.
Top Altcoins To Buy
First up is XRP, which has been rising after its major SEC victory. Now priced at $2.49, it’s still well below its all-time high of $3.40, which makes it a great entry point.
Next is Cardano, which has quietly outperformed nearly all other crypto assets over the past 90 days. It’s also integrating with Bitcoin and offering privacy through its Midnight project, which could attract millions of new users. Currently priced at $0.79, ADA is about four times away from its all-time high of $3.90, which is another great entry point.
Hedera (HBAR) is currently at $0.20, much lower than its peak of $0.57. Quant (QNT) is priced at $95, down from its all-time high of $427. With the market in a pullback, these altcoins could present strong entry points for the next rally.
According to experts, Bitcoin is currently in a typical consolidation phase before it possibly breaks above its all-time highs and altcoins are showing strong breakout momentum. Ethereum, XRP, and ADA are flashing strong technical signs for a potential altcoin bull run. Ethereum’s moving averages are aligning, XRP is eyeing a breakout, and ADA’s BTC pair is looking bullish, all pointing towards an explosive breakout.