Best Crypto to Buy Right Now Amid Market Correction

Best Cryptocurrencies to Buy Amidst Market Correction

With the total crypto market value falling below $2 trillion, the prices of Bitcoin and altcoins have experienced a significant correction. The altcoin segment has dropped under $850 billion market capitalization, while meme coins and trending AI tokens have taken a downturn.

In this period of intense sell-off pressure, we present some promising tokens to consider for purchase during this market correction, anticipating a potential rally during a future bull market.

Best Cryptos to Buy:

XRP (XRP)

XRP's daily chart shows a notable symmetrical triangle pattern, with its price testing its support trendline. It hovers near the 200-day EMA, consolidating below the 50-day EMA and the 50% Fibonacci level at $0.5707.

Despite a recent correction, XRP maintains a robust underlying demand, as indicated by the long-tail formation in its intraday candle. With its recent partnerships in Japan and South Korea, and the upcoming RippleUSD stablecoin, XRP is poised to recover.

The daily RSI line's higher high formation within the triangle pattern supports a bullish trend. A breakout from the triangle has potential resistance at $0.60, with an optimistic case seeing a rally surpassing the $0.72 peak to set a new 52-week high near $0.75.

Cardano (ADA)

Cardano's recent CIP-1964 upgrade has decentralized its network, giving more control to its users. However, the ADA price has yet to fully reflect this significant development.

ADA's price action reveals a double bottom formation within a falling-wedge pattern, with support at $0.031. A bullish divergence in the double bottom suggests a potential upward reversal.

The altcoin's lower price rejection indicates the possibility of a morning star pattern, which could reignite bullish momentum. Resistance lies near $0.364 at the 15-day EMA and the overhead trendline.

A bullish breakout could target the 23.60% level at $0.42. Optimally, with the network upgrade, bulls aim to reclaim $0.50 and challenge the 50% Fibonacci level at $0.54.

PEPE (PEPE)

Despite the bearish outlook for meme coins, PEPE's price action shows a falling channel pattern on the daily chart. It finds support at $0.000007042, with the potential for an inverted head and shoulder pattern.

A declining 50-day EMA indicates a potential death cross with the 200-day EMA, but a bullish divergence at the support level suggests a potential reversal.

Historically, meme coins have shown significant returns during market recovery phases. With PEPE's 52-week growth at $0.000007042, it presents a compelling upside potential.

During this healthy correction, PEPE makes our list of best cryptocurrencies to buy. Its next bottom support stands at $0.0000048, with overhead targets at $0.0000010 and $0.0000012. A bullish reversal rally could see it set a new 52-week high at $0.0000018.