Top Altcoins Gems To Buy As Market Pulls Back For 10x Profits

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Top Altcoins Gems To Buy As Market Pulls Back For 10x Profits?

Author: Sohrab Khawas

Mar 20, 2024 13:32

With the Bitcoin price crashing back under the $62,000 mark, the altcoins are falling quickly and ready to test crucial support zones. Amidst this correction, smart money finds great entry opportunities to capitalize on the pullback. With the intent to reap profits in the next surge, buying now could prove to be a great “Buy Low, Sell High” strategy.

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As the Bitcoin halving is coming next month, the rise of institutional interest is expected to boost the crypto market. Amidst this piqued interest, the altcoins can once again revive the bull run, with the low-cap coins giving massive jumps.
With this hypothesis, we bring you top altcoin gems in this market correction for 10x profits.

ORDI (ORDI)

With the BRC-20 tokens taking the limelight in coins closely related to Bitcoin, investing in such tokens can be profitable. Further, buying opportunities at this moment of the bear run signal a great chance to capture the dip.
TradingView
With the ORDI price trend failing to sustain dominance above $83, the BRC-20 token slips down a bearish slide. Making consecutive bearish candles in the daily chart, the Bitcoin price is down by 30% in the last seven days.
Inching closer to the psychological mark of $50, the BTC price is testing the support trendline. With this ascending demand line in play, the reversal chances are heightened for ORDI. If the buyers could reverse the bear crash, the altcoin could rechallenge the $83 mark. Further, with the Bitcoin halving coming next month, the altcoin could end 2024 at $1000.

Synthetix (SNX)

Amidst the recent crash, the DeFi tokens bring an excellent spot to buy the dip. Despite the potential to rank highest in the top gainer’s list, the SNX price trend shows a small bearish hiccup.
Tradingview
Despite the weekly showcase of a bullish turnaround leading to consolidation and a potential double top, sideline traders are awaiting. Constantly rejected from the $4.50 supply zone, the double top pattern arises with a neckline at $3.
However, the possibility of a double bottom could arise if the buyers hold off the supply pressure at $3. Hence, the SNX price can break the new neckline at $4.50 with that potential reversal.
If the bull run surpasses the neckline, the altcoin could enter a supersonic drive to a massive jump, potentially a new all-time high above $29.

Floki (FLOKI)

As the Bitcoin crash led to a market-wide impact, the meme coins were hit badly in this sell-off, erasing huge gains from the recent bull run. With a 40% correction in the last ten days, the FLOKI price shows a retracement to a critical and freshly formed support trendline.
Tradingview
As the meme coin is heading to retest the confluence of $0.00016 and the support trendline, the currently forming Doji teases a morning star pattern. With this reversal pattern, the altcoin price could regain the bullish rally and head to a new all-time high.
Optimistically, the meme coin could give a 10x rally in 2024 if the demand for the meme coins survives post-halving.

Singularity.NET (AGIX)

With the AI craze taking over the world, the AI company stock prices and the cryptocurrencies related to AI are on steroids. Registering massive gains in early 2024, the rally is gaining momentum and presents entry opportunities during this pullback.
Tradingview
With a massive jump visible in the weekly chart, the AGIX price shows 350% in four weeks before the 20% dip in the last two. However, the pullback is a retest of the 1.618 Fibonacci level breakout and shows lower price rejection in the weekly candle.
With the retest being a perfect entry opportunity, the bounce back could ignite the next phase of the bull run. As the AI run is just getting started, the altcoin price could scale almost 10X in 2024, considering there are no black swans in the wild.

Worldcoin (WLD)

With an 18% drop in this week, the Worldcoin is hit drastically after forming a new all-time high at $11.97. After breaching the psychological barrier of $10, the WLD failed to survive the supply heat at the 1.618 Fibonacci level.
Tradingview
Dropping off with an evening star pattern, the WLD price retests the $7.5 mark. Despite the evening star, the sideline traders await the weekly closing to witness the result of the supply-demand brawl playing out at $7.5.
Considering that Worldcoin survives the heat of profit-booking, the bullish turnaround could easily knock down the ATH by $11.97. Further, the altcoin could hit the $100 mark by the end of 2024 as the post-halving rally brings a new altcoin season.
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