5 Best Cryptocurrency to Buy for the Weekend Rally – May 2022 Week 1
Categories: Crypto News US
The cryptocurrency market has suffered a big fall in the past 24 hours. Its total cap is now $1.76 trillion, representing a 7.4% drop in the past day, as well as a 19% fall in the past month. Bitcoin has led this decline, with every major coin (save for stablecoins) also falling. However, this sudden crash potentially creates the conditions for a significant bounce upwards. As such, we’ve picked the 5 best cryptocurrency to buy for the weekend rally. While the wider macroeconomic climate remains precarious, these coins may see a rebound in the coming days. 5 Best Cryptocurrency to Buy for the Weekend Rally 1. Lucky Block (LBLOCK) LBLOCK is down by 11% in the past 24 hours, sinking to $0.00141671. This represents a 16% fall in the past week and a 55% drop in the last 30 days. 2. Bitcoin (BTC) BTC has fallen by 8% in the past 24 hours, dropping to $36,292. It has risen very slightly in the past hour, but is down by 20% in the past month. As far as technical indicators go, BTC can’t help but rise to some degree in the next few days. Its relative strength index (in purple) has dipped below 30, indicating that it’s oversold. And as the chart shows, pretty much all RSI dips. 3. Zilliqa (ZIL) If you were to pick cryptocurrency investments solely by how hard a coin has fallen in the past few days, ZIL would be near the top of your list. At $0.073576, it’s down by 18% in the past 24 hours, and by 41% in the past month.ZIL’s indicators suggest that now is the time to buy into the altcoin. Its 30-day moving average (in red) has dropped well below its 200-day average (in blue), indicating that it may begin moving up again soon. The same goes for its RSI, which is nearing 30. 4. Tron (TRX) At $0.080048, TRX is down by 6% in the past 24 hours, but up by 1.4% in the past hour. It also happens to be up by 25% in the past week and by 15% in the last 30 days.TRX is one of the few coins whose gains in the past few days haven’t been badly affected today. Its 30-day average is still rising above its 200-day, suggesting that a rally is still ongoing. Its RSI is also above 50, indicating ongoing momentum. 5. The Sandbox (SAND) SAND is down by 12% in the past 24 hours, at $2.06. It’s also down by 17% in the past week and by 38% in the past month.SAND’s RSI is nearing on 30. It’s reaching oversold territory, which would imply a rebound at some point. And compared to other blockchain-based gaming and metaverse platforms, the Sandbox is arguably the best placed to see a resurgence.