Cardano and SUI Hit Yearly Lows: Why Analysts Call It the Best Altcoin Dip Buy of 2024

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The market downturn has created rare chances for buyers. As Cardano and SUI drop to fresh lows, analysts point to MAGACOIN FINANCE as an undervalued altcoin under $1 that could outperform both ADA and SUI once the market rebound.
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Cardano Price Prediction: ADA Hits a Key Low

The Cardano price is struggling after losing its $0.66 support. ADA now trades around $0.62, marking four straight days of red candles. Analysts, including Dan Gambardello, had warned about this pullback after ADA failed to stay above $0.74 earlier in the week.

Whale activity adds pressure. Data shows large holders sold about 40 million ADA recently, reducing their holdings to 5.49 billion. These sales reflect caution among big players who prefer to limit exposure during this downturn.

Still, analysts say this correction could offer a buy-the-dip opportunity. If ADA climbs back above $0.66, it could rise toward $0.69 and even $0.75. That move would hint at recovery and bring short-term optimism back into the market.

For long-term believers, ADA’s current level sits within a broader dip range that could set up a recovery once sentiment improves. This makes Cardano one of the best altcoin dips to buy before the next wave of capital rotation begins.

SUI Price Prediction: Oversold but Worth Watching

The SUI price has dropped sharply to $2.42, sitting far below key averages. Analysts note that SUI looks oversold after days of heavy selling, with many traders waiting for signs of stabilization.

Viktoras Karapetjanc from Traders Union said the recent decline reflects market fear, not necessarily a loss of long-term value. He expects SUI to trade between $2.13 and $2.60 in the near term but believes a recovery could begin once sentiment steadies.

He added that if SUI can stay above $2.13, it could attract new interest, especially from traders searching for undervalued altcoins. A break above $2.53 would likely mark a short-term shift in favor of buyers.

Despite the weakness, analysts still include SUI on their best altcoin dip buy lists, suggesting patient investors could see upside once broader crypto confidence returns.

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MAGACOIN FINANCE: The Hidden Gem Altcoin Under $1

Among the best altcoins to buy now, MAGACOIN FINANCE stands out as an analyst pick that could outperform Bitcoin, ADA, and SUI once capital flows rotate. Priced under $1, it allows anyone to enter easily, making it an attractive choice for early buyers.

The project’s limited supply adds a scarcity angle, fueling the narrative that early access matters. Analysts see whale capital moving into MAGACOIN FINANCE as a safer play during this market dip.

Buyers who act early can also get a 50% bonus using the code PATRIOTS100X, available for a limited time before the upcoming DEX and CEX listings. This window gives traders a rare early position before wider exposure hits the market.

How Traders Can Position Now

Analysts say the market’s current weakness could set up big rewards for patient buyers. Cardano and SUI offer good entry zones, but those looking for a cheaper, early-stage altcoin should explore MAGACOIN FINANCE before listings go live.

Visit magacoinfinance.com to learn more or join the community on X and Telegram. The window for early buyers will not stay open for long.

Source: https://en.bitcoinsistemi.com/cardano-and-sui-hit-yearly-lows-why-analysts-call-it-the-best-altcoin-dip-buy-of-2024/