The Latest Situation in Altcoins: Is There a Buying Opportunity for HOT, MATIC, ADA and BTT?

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Cryptocurrencies began the weekend in decline, and the charts are still in the red. so, should one panic during these downturns or treat the price drops as a buying opportunity?

Holo and Bittorrent

Holo (HOT) used the support here after the price declined to $0.0070 today, and the price did not decline below this level. However, at this point, it is necessary to state that HOT declined to $ 0.0068 yesterday. That being said Bittorrent The (BTT) price also seems to have used the $0.0029 level as a support.

According to analysts, although the declines currently cause a panic mood in the market, in fact, these declines can be considered as buying opportunities. Because it is the leading cryptocurrency Bitcoin (BTC), although it has experienced a pullback, seems to have managed to stay above the important level of $36,000.

According to analysts, if Bitcoin continues to stay above $36,000, bullish opportunities may arise for altcoins.

Chiliz, Cardano and Polygon

With the retracements experienced in the market Chiliz (CHZ), Cardano (ISLAND) and Polygonthere were also (MATIC) declines in In fact, this is not an abnormal situation according to many analysts. Because the declines in the price of Bitcoin in general create a retracement chart in the entire market. However, at this point, it is believed that the declines have created a number of buying opportunities, especially for CHZ, ADA and MATIC.

CHZ approximately 4% in the last 24 hours, NAME 2% and MATIC it experienced declines of 2%. Analysts say that Bitcoin will rise again after a while and then enter the consolidation process. Therefore, during the consolidation period altcoinit is believed that they have the potential to experience noticeable upsurges.

For this reason, according to the statements made, the withdrawals experienced at the moment can be considered as an opportunity to purchase one by one. But at this point, it is also necessary to remind that some names think that a bear market has now begun, and there are warnings that deeper corrections may occur.

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