The post Altcoin Correction: Why FET, BTT, and MATIC Are Worth Buying! appeared first on Coinpedia Fintech News
Story Highlights
- The FET price hints at a 60% jump with a bullish reversal.
- BitTorrent’s price adds 28%, and it is expected to hit $0.000001740.
- The Polygon price holds its value above $0.39 despite correction.
Despite increased bullish sentiment in the crypto market, altcoins have experienced a mixed sentiment with many crypto tokens recording a double-digit drop.
Planning on investing in these altcoins amid an ongoing correction in their respective valuations? In this article, we have covered the top 3 altcoins that have the possibility of recording a strong bullish recovery during the upcoming time.
Artificial Superintelligence Alliance (FET)
The Artificial Superintelligence Alliance price has dropped 7.41% in the past day with a trading volume of $768.32 million. Moreover, it has plunged 7.02% over the past week and 14.23% during the past 30 days.
The EMA 50/200-day is on the verge of experiencing a Golden Cross in the 1D time frame. This highlights increased buying sentiment for the AI token in the market. However, the RSI indicator sharply drops, indicating a mixed price sentiment.
A bullish reversal could push the FET price toward its upper resistance level of $2.230. On the other hand, if the bears dominate the market, this could result in it retesting its support level of $1.050.
Also, read FET Price Prediction 2024 – 2030!
BitTorrent (BTT)
Despite recording a drop of ~1%, the BitTorrent price has surged 26.03% over the past week and 15.32% during the past 30 days. With a market cap of $1.042 billion, it has secured the 77th position.
The Moving Average Convergence Divergence (MACD) in the daily chart displays a sharp rise in the green histogram. Further, its SMA indicator supports the BTT price chart.
If the bullish sentiment sustains, the BitTorrent price may reach its upper resistance level of $0.00000148. Conversely, a bearish action could result in it plunging toward its low of $0.0000006450.
Polygon (MATIC)
The Polygon price has soared 21.46% over the past week and 5.34% during the past 30 days. With a trading price of $0.3904, this altcoin has successfully reclaimed the $3 billion mark.
The RSI indicator has failed to breach its overbought range in the 1D time frame. Moreover, the SMA indicator constantly supports the price chart, suggesting an increase in price volatility.
If the market favors the bulls, the MATIC price will retest its resistance level of $0.4850. On the contrary, if the bears gain momentum, the POL price may plunge toward its crucial support level of $0.290.
Also, read Polygon Price Prediction 2024 – 2030!
FAQs
With a bullish reversal, the FET price may achieve the $2 mark this month.
The BitTorrent price may hit $0.000025 in 2025.
For POL price to hit $1, it has to record a jump of 154.51%.
