The post Will The Top Layer 1 Altcoins Survive This Crash? appeared first on Coinpedia Fintech News
With the U.S. and Asian markets on weaker grounds, the crypto market struggles to hold the sell-off. As Bitcoin drops under $63,000, the top layer-1 altcoins break below multiple crucial supports.
The massive sell-off offers sideliners a massive discount entry opportunity to accumulate on the dip. However, will the altcoins manage to bounce back from this correction phase?
Let’s find out more in our price analysis below.
Ethereum
With the breakdown in Bitcoin’s price, the biggest layer-1 altcoin, Ethereum, took a huge bearish dive. The sell-off wave took a huge hit at the $3,000 psychological mark and warned of a further correction.
Tradingview
The altcoins crack under the 50D EMA and warn of a drop to the ascending support trendline. This correction will drop the altcoin under the $3,000 level and might retest the $2,800 mark.
However, the bullish dominance at t
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