Altcoins
3 Best Altcoins to Buy Today January 30: SEI, LINK, DOGE
Investors are at a crossroads after Bitcoin rebounds above $43,000. While there is no guarantee of a continued uptrend in February, not buying the dip could cause many to miss the rally leading up to Bitcoin’s halving. On the other side of the fence, some experts like Rekt Capital believe that altcoins like SEI, Chainlink (SOL), and Dogecoin (DOGE) could outperform Bitcoin during this period. For most investors, choosing the best altcoins to buy is a daunting task – these must be executed with the utmost precision to avoid tokens unlikely to rebound.
SEI Returns Hit 24% in One Week
After giving in to selling pressure in January, Sei embarked on an upward trajectory, rising from $0.56 to the current value of $0.75.
The token backing the first industry-specific Layer 1 blockchain, supporting decentralized exchanges (DEX), has since its launch attracted immense interest from traders, given a staggering 116% increase in trading volume. transactions at $530 million.
A commendable 8% increase in market capitalization to $1.8 million, making Sei the 45th largest cryptocurrency, highlights this token’s ability to move closer to the top ten assets in the coming months.
Bulls should be concerned about seeking a relatively higher support zone, especially with the Relative Strength Index (RSI) in the overbought region, and showing signs of returning to neutral territory.
SEI Price Chart | Commercial view
Sei has the potential to continue rising towards $1, supported by the following moving averages. If things go well and the bulls lose control of the sellers, the token could rebound from the green band or the next buyer congestion at $0.6.
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Can Chainlink (LINK) reach $150 in February?
Amid the broader market’s recovery from the initial downturn triggered by ETFs approvals, Chainlink price managed to maintain its position above the local support level of $13.6. This positive turnaround from the support level resulted in a significant 13.6% increase in LINK price over the past week, bringing it back to a current price of $15.46.
Chianlink Price Prediction Chart | Commercial view
Examining the daily chart reveals that this uptrend is transforming into a bullish chart pattern known as an inverse head and shoulders, providing buyers with the opportunity to capitalize on the potential for further recovery.
there is an anticipation that the LINK the price may rise by another 7% soon, aiming to break the neckline resistance at $16.67. If this breakout is successful, it could lead to increased buying pressure, potentially pushing the price beyond the $17.5 resistance from the recent high.
Securing this new level could allow buyers to pursue an ambitious target of $30.
Dogecoin (DOGE) prepares for a 22% surge
Despite the general market slowdown, Dogecoin Price maintained its value impressively above the $0.075 support level. The cryptocurrency has bounced three times from this mark, indicating an active accumulation of buyers at lower prices, which signals positive sentiment in the market. However, Dogecoin’s bullish movement is currently capped at the $0.0877 resistance level, leading to a period of sideways trading. Could the ongoing market reversal provide the momentum needed for DOGE to begin a lasting recovery?
Dogecoin Price Prediction
The daily time chart reveals that this support level coincides with the 61.8% Fibonacci retracement level and the 200-day EMA, making it a key point for buyers. The recent rebound in the EMA slope resulted in a 6.5% increase in Dogecoin’s value over the week, with its current price at around $0.081.
With the development of the network and the recovery of a wider market, the DOGE the price is on the verge of potentially breaking overhead resistance at $0.087. A successful breakout of this resistance could amplify buying momentum and propel Dogecoin’s value by 22% to reach the upper boundary of a long-standing triangle pattern at $0.107.