Price Analysis

Top Solana-based Altcoin To Buy In This Market Crash

With a short relief in the market following the intense correction rally, the altcoins are available at a discount to sideliners. Under such conditions, many altcoins are preparing a reversal rally to overcome the downfall witnessed last week. 

Amidst such recovering coins, top Solana-based altcoins present a perfect opportunity to catch the reversal rally. So, for sideliners interested in such altcoins, we bring you the top 3 Solana-based altcoins to buy in this crash.

WIF Meme Coin At Breakout Teases 50% Surge

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With a falling wedge in the 4H chart, the WIF price action shows an intense correction for the meme coin. However, the quick reversal from the support trendline puts the altcoin back to the 200 EMA.

The reversal rally challenges the overhead trendline and teases a breakout rally. Moreover, this might delay and avoid the death cross possibility in the 4H chart. 

Considering the altcoin manages a breakout rally, the WIF price could bounce back to the psychological mark of $5. 

Also Check Out : SOL Price Stuck Within a Range: Is This the Time to Sell Solana or Accumulate More?

ARweave, Is This Altcoin Under Retest Or Reversal? 

With a massive downfall for the Arweave, the AR token price has declined substantially in the past few weeks. The AR price has dropped 50% with a double top formation in the daily chart to test the 61.80% Fibonacci level at $21.

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The bear crash broke the $30 support zone and the 50D EMA. However, the altcoin managed a reversal, as the underlying demand at the psychological mark of $20 fuels a turnaround. 

The reversal rally leads to a retest of the broken $25 barrier and questions the possibility of a trend continuation. The AR token could hit the $50 mark if the uptrend continues. 

Render (RNDR)

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Following the massive surge of almost 200% starting in 2024, the RNDR price shifts to reverse gear, leading to a more than 60% drop from the peak of $13.62. The downfall breaks the 50D EMA and the psychological mark of $10. 

However, a bullish reversal from the 61.80% Fibonacci level pumps the altcoin by 25% within 48 hours. The buyers undermine the downfall as it reclaims the 50D EMA and aims to surpass $10. 

With a breakout of $10, the altcoin could reach the $15 mark for a new all-time high formation. 

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