Top Altcoins To Buy For Quick Recovery

As the crypto market crash continues and warns of an intense correction ahead, the altcoins are losing the bullish grip over multiple support levels.

The crypto market crash continues unabated, leaving a trail of losses in its wake. As the market lurches from one support level to the next, the altcoins are feeling the brunt of the sell-off. This is evident in the increasing market liquidation numbers and the palpable FUD (fear, uncertainty, and doubt) in the market.

While the market crash is certainly impacting the altcoins, some are likely to swim against the tide and make a quicker recovery. Especially with a minor recovery in Bitcoin, we can expect to see some altcoins to recover rapidly and regain higher levels after the market crash. Here’s a list of some high-potential altcoins that could make a quick recovery.

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. However coin price reveals a strong bullish presence at the lower support levels. For instance, the 40% drop in 7 days showcases the chances of a bullish reversal in PEPE, just around the corner.

Tradingview Chart by TradingView

Moreover, as buyers at $0.0000060 hold the wagon, the meme coin is bound to make a comeback if Bitcoin recovers from its crucial support. Especially with a solid community, we can expect PEPE to spearhead the next recovery rally.

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

Vechain (VET)

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

Tradingview Chart by TradingView

Now, 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 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)

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

Tradingview Chart by TradingView

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.

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