Top 3 Altcoins To Buy Amid Market Recovery Phase

In light of the U.S. Banks crisis, the crypto market witnessed significant buying pressure and created a sense of recovery in the market. As a result, a majority of major crypto coins are reclaiming the lost ground and preparing for a prolonged rally. Thus, given below is s list of top altcoins showcasing strong growth potential in coming weeks.

Ethereum(ETH)

Source- Tradingview 

Over the past two months, the crypto market remains unclear, causing a sudden downfall and sharp recovery of several cryptocurrencies. However, despite high volatility, the Ethereum price respected the two divergence trendline of a megaphone pattern.

By the press time, the Ethereum price trades at $1730, with an intraday gain of 3.37%. Furthermore, the interest traders waiting for long-entry opportunities should wait above the pattern’s resistance. This potential breakout could push the price back to the $2030 mark.

Solana(SOL)

Source- Tradingview

Amid the early March rally, the Solana coin price gave a bearish breakout from the crucial $20 support on March 8th. Though this breakdown was supposed to trigger a massive downfall, the recent recovery in the market, rebound the SOL price from $16 support.

The result bullish undermined the aforementioned downfall and pushed the price above the $20 mark. Currently, the SOL price traders at $21.18, with an intraday gain of 2.36%.

With sustained buying, the Solana coin price could rise 28.5% to challenge down.

Also Read: What Are Bitcoin Ordinals And How Do They Work?

OKB(OKB)

Source- Tradingview 

In the daily time frame, the OKB coin price has shown a sustained parabolic uptrend since June 2022. However, amid the February and early March sell-off in the crypto market, the OKB price witnessed a minor correction phase and tumbled to $38.85 support.

Anyhow, with the recent recovery the coin price rebounded from the aforementioned support indicating that traders are accumulating this token at dips. As of now, the coin trades at $48.85 with an intraday gain of 3.69%.

The ongoing recovery in this coin has recently breached a local resistance of $48.2, offering an additional confirmation for buyers to resume the bullish trend.