The overall crypto market is experiencing a downturn, with most coins dropping between -6% to -25% in a day.
DogWifHat (WIF) has displayed surprising resilience compared to other memecoins during the market dip.
TIA is back at retesting the $11 zone and is poised to continue further upwards by another 92% to $21.
If we see a break below $0.028 on Flare, investors might want to consider exiting the market.
We might be in for a 45% rally to Stacks' (STX) $3.85 local high
The general crypto market is going through a tough patch at the time of writing, after losing its standing above $2.7 trillion in terms of market cap.
The average cryptocurrency is down by anywhere between -6% to -25% on the daily timeframe, as shown by the heatmap below:
Bitcoin’s price action
Billions of dollars have been liquidated off the board, and Bitcoin is at serious risk of a drop to $60,000 or even lower.
However, amid all of the commotion, several cryptocurrencies are making attempts at comebacks.
This section will be about these cryptocurrencies—some of the biggest ones poised to make a comeback in the next few days.
According to data from CoinMarketCap, Celestia currently trades at around $11, with a 14% comeback over the last day alone, despite a 10% decline on the weekly timeframe.
Celestia’s price
According to the charts, Celestia's bulls eventually lost to the bears at defending the $11 zone in the general market decline on Friday/Saturday last week.
Celestia’s price action
As a result, the chart above shows us that TIA declined straight down to the $7.5 support.
But more than that, the bulls seemed especially active around this $7.5 support, launching TIA into a comeback.
As it stands, TIA is back at retesting the $11 zone. If we see a break and close above $11 again, we might be poised to see TIA continue further upwards by another 92% and retest $21.
Just like Celestia, Flare is already making a comeback over the last day, as shown below:
Flare’s price
The cryptocurrency trades at around $0.034 at the time of writing, and is up by around 6% over the last day, despite the 14.9% weekly dip.
According to the charts, Flare's bears were unable to bring the cryptocurrency's price below $0.023 and were even stopped by the bulls miles ahead, around $0.028.
Flare’s price action
Flare is already in the middle of a comeback, and is now back on track for a 125% rally to the $0.063 target.
The warning, though, is that if we see a break below $0.028, investors might want to consider exiting the market.
However, the bears would have taken full control by the time we see a break below $0.023.
WIF has been one of the most resilient cryptocurrencies on the market so far. The memecoin has been as affected as the rest, by the general market dip.
However, we have some degree of clarity on what is going on with it.
WIF’s price
According to data from CoinMarketCap, WIF has declined by 1.37% over the last day, along with a discouraging 24% decline over the last week.
WIF’s price action
However, according to the charts, we can see that the memecoin's bulls prevented a drop below the $1.93 support, as shown by the long tail of Saturday's candlestick
The RSI is attempting to normalize itself from here, which is a good sign. WIF is expected to continue upwards, at least until we see a retest of the $3.56 resistance.
Investors should keep an eye out for said $1.93 support though. If we see a break below, it would mean that the Bears are fully in business.
Fetch.ai has also been as affected as WIF over the last day. According to data from CoinMarketCap, the cryptocurrency trades at around $2.12, and is down by 0.75% and 20% respectively, on the daily and weekly timeframes.
Fetch’s price
In the charts, FET is attempting a comeback, after the bulls were able to resist the bears around $1.6 and prevent further decline to $1.3.
FET’s price action
The long-tailed candlestick on FET’s Saturday candlestick shows the strength of the bulls in full view.
However, as shown above, the cryptocurrency currently faces resistance around the $2.15 zone.
If we see a successful break above the $2.15 resistance, FET will likely attempt to retest its 25-day EMA around $2.52, or even higher.
The bears still have quite the influence over Stacks, according to data from CoinMarketCap.
Stacks’s price
The cryptocurrency trades at around $2.63 at the time of writing, with declines of around 0.92% and 20% over the daily and weekly timeframes respectively.
However, according to the charts, the Bulls made quite the save on Stacks around the $2 support.
Stacks’ price action
The cryptocurrency has been trending upwards since this decline on Friday and is now attempting a break above $2.67.
However, the future prospects of the cryptocurrency remain solid, and we might be in for a 45% rally to its $3.85 local high.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.