The entire crypto space appears to have fallen into a bearish trap as almost all cryptocurrencies are falling with a wide margin. Bitcoin price is nearing the $45K mark, whereas Ethereum price is hovering around $3200. On the other hand, XRP price has tanked below $1 and Cardano price is just above $2.1. Amid the steep downfall, some altcoins show some signs of a retracement and a quick rebound.
Curve DAO Token (CRV)
Curve DAO Token price initiated this trade with a double-digit figure but only within 2 months, the price slumped drastically close to $0.3 levels. And since then the altcoin is attempting hard to undergo a massive bull run. But woefully it could just hit $4 amid the 2021 bull run. The price in the past couple of days was consolidating but a notable drop began since the early trading hours. However, the price could drop to the strong support zone around $2.47 and by holding strongly, the CRV price could surpass $4.
Fetch.ai price had smashed its highest levels just a couple of days before by ranging above $1.1. However, the price again tanked down below $1 with a double-digit loss compared to the previous trading day. The asset is trading within the buy zone currently which is around $0.5711 to $0.6168. And a rebound at these levels can be expected which could get aggressive hitting $0.6853.
Serum price amid the Solana price rally gained immense bullish momentum to hit new highs each day. However, after trending within the discovery phase, the price just got exhausted and dipped down. The current zone just below $10 could be a perfect resistance to support flip zone and a decent reversal could be possible. If the price flips at this point it could regain bullish momentum yet again.
The Holo price is testing the crucial support levels and appears well placed ahead of a flip. The crucial support levels are just placed below the current levels at $0.008587. If the HOT price sustains strongly above these levels, a notable flip could be imminent. However, once the asset flips it could undergo a 2x potential run from the current levels.
Coti price has gone parabolic to reach the levels close to its ATH. Despite a rejection, yet the price continued to range high close to these levels. As the bears have taken back control, the price has tanked considerably. Yet notable flip may be underway that could rebound with a huge margin to smash above $0.5 levels soon.
The ATOM price chart is among the most prominent charts in the crypto space. As the price smashed new highs in the past trading day above $44 and experience a slight pullback. Yet, the possibilities of a notable bounce are high as the price is very close to its ATH and refusing to drop drastically. However, many believe ATOM price is capable of smashing a 3-digit figure soon.
Currently, there is bloodshed in the entire crypto space as almost all cryptos are facing immense drain. No doubt the plunge is expected to remain only for a period of time, yet the upcoming rebound would be important. Amongst all the altcoins, the above mentioned could regain the bullish momentum quickly as the bears fade away.