Buyers dipping into crypto wait in suspense, trying to find any opportunity to buy. But it looks like the market is really rallying with most coins going bullish. But the next dip may actually come earlier than you think. Here’s why:
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Despite the rally, most of the coins have remained stable in the recent past.
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Chances are some investors may decide to lock in profits after the recent rally.
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Geopolitical and economic risks remain high
If you’re looking forward to the next crypto dip, there are a few coins you should pay a lot of attention to.
bitcoin (btc)
show that bitcoin (btc) Shown in recent times has been quite remarkable. The coin has risen from around $32,000 and is now slightly above $47,000. However, even though BTC has managed to break above its 50- and 100-day SMA, the coin seems to have stabilized in its attempt to clear the 200-day SMA.
Data Source: Tradingview
It is now three days in a row where bitcoin has tested that price and been rejected. It looks like there is major resistance at the 200-day SMA and hence, if BTC fails to cross again, we could see some sharp downside.
Apcoin (APE)
Apcoin (APE) Just came on the market the other day and managed to achieve a market cap of around $3.8 billion in a matter of days. But a pullback is coming. More recently, the APE was trading at $6 and half of the current market cap. It is likely that the coin will drop sharply in the correction and hence, it will be a good time for those taking the plunge.
There are also other dip-buy opportunities to look out for, including Shiba Inu, Axi Infinity, Cardano and more.