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bitcoin
Bitcoin (BITCOIN)
$109,709 -2.63%
ethereum
Ethereum (ETHEREUM)
$4,522 -2.15%
binancecoin
BNB (BINANCECOIN)
$850.40 -1.98%
solana
Solana (SOLANA)
$191.72 -2.85%
ripple
XRP (RIPPLE)
$2.94 -0.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 -0.50%
pepe
Pepe (PEPE)
$0.000010 -2.17%
bonk
Bonk (BONK)
$0.000021 -0.59%
bitcoin
Bitcoin (BITCOIN)
$109,709 -2.63%
ethereum
Ethereum (ETHEREUM)
$4,522 -2.15%
binancecoin
BNB (BINANCECOIN)
$850.40 -1.98%
solana
Solana (SOLANA)
$191.72 -2.85%
ripple
XRP (RIPPLE)
$2.94 -0.64%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 -0.50%
pepe
Pepe (PEPE)
$0.000010 -2.17%
bonk
Bonk (BONK)
$0.000021 -0.59%
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Best Altcoins to Buy Now, August 26 - ADA, SEI, DOGE

Highlights:

  • The best altcoins to buy now include Cardano, Sei, and Dogecoin, each sitting near critical support zones.
  • ADA needs to hold above $0.51 to avoid deeper losses, with potential rebound targets as high as $4.14.
  • Dogecoin’s cup-and-handle pattern hints at possible rallies toward $0.82 short-term and $2.18 long-term.

The crypto market continues to experience negative sentiment, with the overall sentiment dropping to $3.80 trillion. In addition, the 24-hour trading volume has declined by 7% to $210 billion, indicating decreased market activity. However, the fear and greed index has dropped to 43 indexes indicating a neutral sentiment in the market. Amidst this market uncertainty, let’s discuss the best altcoins to buy now, such as Cardano, Sei, and Dogecoin.

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Best Altcoins to Buy Now

1. Cardano (ADA)

Cardano is trading at $0.837, down 3.70% over the past 24 hours. Its price has been in negative territory recently, dropping by more than 10% on the weekly chart. Adding further to this bearish sentiment, its market cap and trading volume have declined to $30 billion and $1.70 billion, respectively.

Source: CoinMarketCap

Cardano has been displaying some strength, but an analyst warns of one crucial support. Market expert More Crypto Online has indicated that ADA needs to stay above the $0.51 price to continue to have a bullish market. This level aligns with the bottom of its ascending channel slightly below the 50% Fibonacci retracement of $0.542. A drop in this region would be met with additional losses.

However, the resurgence of support can alter the narrative. The first resistance to be challenged by Cardano is likely to be at $1, followed by higher targets at $1.47, $1.7,9 and $2.47. In a strong market, the chart analysis suggests that it may go up to $3.10 and even $4.14. With this outlook, ADA often enters discussions around the best altcoins to buy now.

2. SEI

SEI is currently valued at $0.2882, with a 24-hour trading volume of $357 million and a market cap of 1.74 billion. The SEI price has fallen by 3% in the past 24 hours, increasing the past week’s losses to 10%. With support developed at the $0.28 region, the key resistance for SEI remains at the $0.36 mark.

Source: CoinMarketCap

After breaking out of its initial entry level, SEI has defied the market odds, surging by 145%. Analyst Crypto Patel pointed out that the price currently stands between the levels of $0.25 and $0.20, which is identified as a potentially important area of accumulation.

Meanwhile, Riddler, an analyst, pointed out that Sei recently surpassed SUI in the number of daily transactions. The integration with MetaMask opens access to more than 100 million users. Future targets are between $2 and $5 as the network activity increases. SEI has become one of the best altcoins to buy now based on its robust ecosystem growth.

3. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is down by 4% over the past 24 hours following the broad market downturn. Trading around $0.209, its market cap and trading volume have dropped to $30 billion and $2.94 billion, respectively.

Source: CoinMarketCap

Dogecoin has developed a cup and handle formation in its two-month chart. Analyst Trader Tardigrade drew attention to this tech picture, in which there could be two upward levels in case the price moves in the same direction. The first target is the handle depth, which is estimated at $0.82. The deep cup indicates an extended run to approximately $2.18.

Analysts tend to monitor such formations to gauge the possible momentum. The handle indicates near-term gain, whereas the complete cup positions a bigger rally. When picking the best altcoins to buy now, investors should note how patterns shape the current expectations.

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