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Sahana Vibhute
Sahana Vibhute
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- Apr 07, 2025 09:44 UTC
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More than $300B Wiped Out—Look Out for These Altcoins for a Quick Recovery
The bearish sentiments across the markets have been intensified as Bitcoin marks range below $75,000 and Ethereum below $1500
The growing fear among the market participants is increasing the selling pressure that could drag the levels to the bottoms, offering a strong entry point
Meanwhile, altcoins like EOS and FARTCOIN remain within the bullish range and hence are believed to trigger a strong rebound soon
The global markets plummet as the tariff war escalates after Donald Trump’s Liberation Day. The stock markets across the globe, including the US, Japan, China, Taiwan, the UK, and many more, have opened on a huge bearish note. While many refer to it as Black Monday, experts believe the bearish influence may settle soon. With this, crypto markets are also expected to recover, and this could be when these altcoins may make a strong move.
EOS (EOS) Price Analysis
The EOS price has been demonstrating massive strength in the last few days of Q1 2025, but the token faced a 20% pullback after entering the crucial resistance zone between $0.82 and $0.88. Despite the plunge below the multi-month ascending trend line, the price remains within a bullish zone. Hence, it holds the possibility of a strong recovery upright.
The EOS price has dropped significantly, but a potential ascending trend seems to be imminent. The price is testing the crucial support at the 200-day MA at $0.677, and even if it loses the 50-day MA at $0.588, it may offer a strong base. Therefore, the EOS price is expected to trigger a strong rebound as the volume has surged notably, which reflects the increased trading activity.
Fartcoin (FARTCOIN) Price Analysis
The global market conditions have failed to heavily impact the FARTCOIN price, which is attracting the significant attention of the market participants. The bulls are trying hard to revive a rebound, which could elevate the levels back to $0.6 very soon. However, volume remains low, which could adversely impact the pace of recovery.
As seen in the above chart, the Bollinger Bands have begun to squeeze, citing the drop in volume and volatility. Moreover, the 50-day MA is offering a strong base, which collides with the lower bands of Bollinger. Therefore, the FARTCOIN price is expected to trigger a rebound or else may drop to test the support levels and later trigger a rebound.
The bulls seem to have entered the markets and are utilizing the ‘buy at dip’ opportunity well. However, the Bitcoin price has triggered a decent recovery, and if it rises above $78,000, the path towards a strong recovery may be activated. Otherwise, a plunge below $72,800 could further drag the entire crypto markets lower.
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