• Latest
  • Trending
  • All
  • Trading & Investing
  • Strategies & Techniques
  • Risk Management & Portfolio Allocation
  • Technical Analysis Tools & Indicators
  • Fundamental Analysis & Research
  • Blockchain Technology
  • DeFi & NFTs
Which Top Altcoin to Buy for the Bull Run Today: LINK, SHIB, LUNC

Which Top Altcoin to Buy for the Bull Run Today: LINK, SHIB, LUNC

February 4, 2024
556 million dollars into the inflow of Bitcoin ETF signals is a major shift in investor sentiment

556 million dollars into the inflow of Bitcoin ETF signals is a major shift in investor sentiment

June 12, 2025
Long and short positions in crypto, explained

Long and short positions in crypto, explained

June 11, 2025
SEI pricing forecast 2025: Short-term bearish, long-term bullish?

SEI pricing forecast 2025: Short-term bearish, long-term bullish?

May 29, 2025
Market share of centralized crypto exchanges, according to trading volume

Market share of centralized crypto exchanges, according to trading volume

May 27, 2025
Buyer and Seller Behavior: The Fundamental of Bitcoin Analyze

Buyer and Seller Behavior: The Fundamental of Bitcoin Analyze

May 25, 2025
Тор-10 best crypto indicators to learn

Тор-10 best crypto indicators to learn

May 25, 2025
The Ultimate Crypto Tools Pack – Part 2

The Ultimate Crypto Tools Pack – Part 2

May 24, 2025
Stx bullish recovery to continue

Stx bullish recovery to continue

May 24, 2025
Japan’s central bank digital currency should go big, not go home

Japan’s central bank digital currency should go big, not go home

May 23, 2025
What is it and 5 ways to avoid it

What is it and 5 ways to avoid it

May 23, 2025
X spaces repeat with bluhale

X spaces repeat with bluhale

May 5, 2025
Build Meowverse in Telegram Play-to-Aarn Mini Game

Build Meowverse in Telegram Play-to-Aarn Mini Game

April 4, 2025
  • Home
  • Trading & Investing
    • Risk Management & Portfolio Allocation
    • Strategies & Techniques
    • Fundamental Analysis & Research
    • Technical Analysis Tools & Indicators
  • Crypto News & Analysis
    • Bitcoin
    • Market Overview & Trends
    • Altcoins
    • Technical Analysis & Charting
  • DeFi & NFTs
    • Decentralized Finance (DeFi)
    • Non-Fungible Tokens (NFTs)
    • Exchange Hacks & Security Breaches
    • Wallet Hacking & Phishing Attacks
  • Blockchain Technology
    • Supply Chain & Logistics Solutions
    • Enterprise Adoption & Applications
    • Healthcare & Medical Innovations
    • Energy & Sustainability Initiatives
Thursday, June 19, 2025
  • Login
UnCirculars
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Crypto News & Analysis
    • All
    • Adoption & Use Cases
    • Altcoins
    • Bitcoin
    • Market Overview & Trends
    • On-Chain Data & Metrics
    • Security & Scams
    • Technical Analysis & Charting
    556 million dollars into the inflow of Bitcoin ETF signals is a major shift in investor sentiment

    556 million dollars into the inflow of Bitcoin ETF signals is a major shift in investor sentiment

    Long and short positions in crypto, explained

    Long and short positions in crypto, explained

    SEI pricing forecast 2025: Short-term bearish, long-term bullish?

    SEI pricing forecast 2025: Short-term bearish, long-term bullish?

    Market share of centralized crypto exchanges, according to trading volume

    Market share of centralized crypto exchanges, according to trading volume

    Buyer and Seller Behavior: The Fundamental of Bitcoin Analyze

    Buyer and Seller Behavior: The Fundamental of Bitcoin Analyze

    Тор-10 best crypto indicators to learn

    Тор-10 best crypto indicators to learn

    The Ultimate Crypto Tools Pack – Part 2

    The Ultimate Crypto Tools Pack – Part 2

    Stx bullish recovery to continue

    Stx bullish recovery to continue

    Japan’s central bank digital currency should go big, not go home

    Japan’s central bank digital currency should go big, not go home

    What is it and 5 ways to avoid it

    What is it and 5 ways to avoid it

    • Bitcoin
    • Altcoins
    • Market Overview & Trends
    • Technical Analysis & Charting
    • On-Chain Data & Metrics
    • Adoption & Use Cases
    • Security & Scams
    • Opinion & Predictions
  • Blockchain Technology
    • Enterprise Adoption & Applications
    • Supply Chain & Logistics Solutions
    • Healthcare & Medical Innovations
    • Energy & Sustainability Initiatives
    • Gaming & Metaverse Infrastructure
    • Web3 Development & Decentralization
    • DAO & Governance Protocols
    • Scalability & Interoperability Solutions
    • Privacy & Security Enhancements
  • Trading & Investing
    • Strategies & Techniques
    • Risk Management & Portfolio Allocation
    • Technical Analysis Tools & Indicators
    • Fundamental Analysis & Research
    • Market Psychology & Sentiment
    • Crypto Tax Implications
    • Institutional Investment Landscape
  • DeFi & NFTs
    • Decentralized Finance (DeFi)
    • Non-Fungible Tokens (NFTs)
  • Regulation & Policy
    • Global Regulatory Landscape
    • SEC, CFTC, and Government Actions
    • Tax Implications & Reporting
    • KYC/AML Compliance & Standards
    • Institutional Investment Guidelines
    • Central Bank Digital Currencies (CBDCs)
    • Stablecoin Regulation & Oversight
    • Self-Regulatory Organizations (SROs)
  • Security & Scams
    • Exchange Hacks & Security Breaches
    • Wallet Hacking & Phishing Attacks
    • Rug Pulls & Exit Scams
    • Malware & Ransomware Threats:
    • User Education & Best Practices
    • Regulatory Frameworks & Protections
    • Insurance & Recovery Options
  • Community & Culture
    • Crypto Influencers & Thought Leaders
    • Social Media & Online Communities
    • Memes & Internet Culture
    • Crypto Art & Music
    • Events & Conferences
    • Adoption in Developing Countries
  • Opinion & Education
    • Expert Commentaries & Predictions
    • Beginner Guides & Tutorials
    • Glossary of Crypto Terms
    • Research Papers & Whitepapers
    • Podcasts & Video Interviews
    • Book Reviews & Recommendations
No Result
View All Result
UnCirculars
No Result
View All Result
Home Crypto News & Analysis Altcoins

Which Top Altcoin to Buy for the Bull Run Today: LINK, SHIB, LUNC

by Elena Garcia
February 4, 2024
in Altcoins
0
Which Top Altcoin to Buy for the Bull Run Today: LINK, SHIB, LUNC
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Chainlink (LINK), Shiba Inu (SHIB) and Terra Classic (LUNC) are some of the top altcoins that offer key buy-the-dip opportunities.

Published on January 23, 2024

coingape

bounce

The crypto market plunges tremendously in the footsteps of Bitcoin price as it drops below $40,000. Since the place BTC ETFs settled in the US, it was a bloodbath for the biggest crypto and the top altcoin alike.

Some best crypto to buy majors like Ethereum, Solana and XRP took a significant hit, falling to $2.212, $80 and $0.5 respectively.

Often, downturns in markets offer previously sidelined investors a chance to book dollar-cost averaging (DCA) and cheaper positions that were missed during previous rallies.

Some of the top altcoins outstanding on January 23, such as Chainlink (LINK), Shiba Inu (SHIB) and Terra Classic (LUNC) may offer one-time opportunities, considering the growing expectations of a bull run in 2024 and 2025. Courtesy of the upcoming halving.

Recommended: Crypto Price Prediction for January 23: ETH, XRP, MANTA

Traders look for support chain link (LINK) bleeds

Chainlink has always been a major contender among altcoins bolstered by its role as the most prominent Oracle provider. The crypto project also supports an explosion Real World Assets (RWAs) – a new sector with great potential in the future as crypto becomes mainstream.

However, like many of its peers, Chainlink price tumbled from recent highs just above $17 to $13.6 due to the widespread decline in the market.

With support at $14 turning into immediate resistance, the downtrend is expected to continue.

LINK price chart LINK price chart
LINK price chart | Tradingview

Bulls already look overwhelmed due to falling Chainlink below two important moving averages; the 20 EMA (blue) and 50 EMA (red). LINK is also at risk of breaking out of the rectangle pattern and contributing to the sell-off.

On the bright side, these dips can serve as potential entry positions, as LINK has shown resilience and the ability to recover even after extended pullbacks. Support could come in handy at $13 (rectangle support), the 200 EMA at $11.52, and if pressure comes at $10.

Are Shiba Inu Price Drops Profitable?

The second largest meme coin did not mirror the spectacular rally in 2021 that saw it reach a new high of $0.000086. With recovery becoming elusive Shiba Inumovements were limited between resistance at $0.000018 and $0.000006 for about two years.

This ongoing selling is putting pressure on key support areas within the range, for example $0.000008, as SHIB is trading at $0.0000084 at the time of writing.

SHIB price chart SHIB price chart
SHIB price chart | Tradingview

If the negative outlook is not dealt with and The price of Shiba Inu starts rolling back again, it would not be wise to rule out a further decline to support areas $0.000007 and $0.000006 respectively.

By using a DCA strategy with these key levels, investors can identify and capitalize on key buy-the-dip opportunities as the crypto market generally recovers.

Terra Classic price as LUNC carnage strengthened

Terra Class performed commendably well in the fourth quarter of 2023, rising from $0.000055 in October to $0.00027 in early December. In addition to the generally bullish crypto market during this period, the ecosystem voted to accept key proposals that improved the prospects of tokens such as LUNC and USTC.

This provided both tokens with liquidity to sustain the rally, hence the rise in Q4.

LUNC price chartLUNC price chart
LUNC price chart | Tradingview

Now that the path of least resistance has shifted downward with Terra Classic bleeds to $0.000089, it may be a good time to look out for possible trend reversal as key support areas such as $0.00007, $0.00006 and $0.000055.

related articles

Share this article on:

coingape

John is an experienced crypto expert, known for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for market content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market predictions. With his extensive experience in the cryptosphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication holds any responsibility for your personal financial loss.

Disclaimer for Uncirculars, with a Touch of Personality:

While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.

No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.

And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.

Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!

UnCirculars – Cutting through the noise, delivering unbiased crypto news

Share196Tweet123
Elena Garcia

Elena Garcia

A passionate advocate for the artistic potential of blockchain, Elena showcases the intersection of art and technology through NFTs and immersive experiences. She explores the creative use cases of decentralized technologies and provides insights into the burgeoning NFT market.

UnCirculars

Copyright © 2024 UnCirculars

Navigate Site

  • About Us
  • Advertise
  • Terms of Use
  • Disclaimer
  • Privacy Policy
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Trading & Investing
    • Risk Management & Portfolio Allocation
    • Strategies & Techniques
    • Fundamental Analysis & Research
    • Technical Analysis Tools & Indicators
  • Crypto News & Analysis
    • Bitcoin
    • Market Overview & Trends
    • Altcoins
    • Technical Analysis & Charting
  • DeFi & NFTs
    • Decentralized Finance (DeFi)
    • Non-Fungible Tokens (NFTs)
    • Exchange Hacks & Security Breaches
    • Wallet Hacking & Phishing Attacks
  • Blockchain Technology
    • Supply Chain & Logistics Solutions
    • Enterprise Adoption & Applications
    • Healthcare & Medical Innovations
    • Energy & Sustainability Initiatives

Copyright © 2024 UnCirculars