When we get hit hard with a crypto crash I like to observe the coins that seemingly take it in stride, continuing on their moon mission.
I've peeled through my crypto watch lists that consists of about 40+ different coins at any given time and spotted a few that have managed to shake off the dip and keep on keeping on.
It's a thing of beauty really, and not something that can be said for most alts!
As you may or may choose not to remember May 19th was a rather dark day for crypto with BTC plunging to near the 30k mark for the first time in many moons. The correction once complete all but erased nearly 4 months of gains dating back to February of this year.
That was only 12 days ago, the wounds are still fresh, but at the same time some coins have been pushing for a return to normalcy.
Help Is On It's Way
Leading the way are a few stand out coins, many of which have enjoyed a solid bounce from their low low bottoms.
All said and done (fingers crossed) they've only left a months worth of gains unaccounted for, returning to prices seen as recently as April for some.
MATIC - The bull hasn't left the room! Up 135% from its low of 0.78 cents on May 23rd, and in a matter of 1 week returning to a price of $1.79. The last time MATIC was 1.79 was May 20th,...what dip?
UNI - Up about 100% from its low low on May 23rd, a solid recovery but there's still more work to be done here. ETH is still ETH with it's usual issues but UNI's massive utility as a DEX has seemingly pulled them through the mess.
RUNE - May 23rd was at a low of $6.40 and now sports a price of $11.56, pretty much an 89% recovery from it's low. The last time RUNE was $11.56 was April 26th, only short a months worth of gains, not too shabby at all.
LINK - Up 86% from it's bottom on May 23rd of $15.78, and continuing on it's path to blue chip glory with a current price of $28.54. A staple of many portfolio and seemingly for good reason.
SUSHI - Who doesn't love a little Sushi right? Don't tell me you're a vegetarian! Up 75% from it's low of $6.90 on May 23rd. The last time SUSHI was $11.45 was April 26th, again only a months worth of gains erased, it could be worse right? Like much much worse.
Honorable mentions goes to:
CAKE up 67% from it's bottom.
AAVE up 67% from it's bottom.
ADA 60% but barley flinched to be honest!
BNB up 58% from it's bottom.
The Great Alt Crash
While we'll all remember May 19th, or "Bloody Wednesday" as the day that the bottom fell out of BTC, it was actually Sunday Bloody Sunday, May 23rd, that saw the alts get obliterated.
I'm looking for a return above the 20 day Exponential Moving Average.
What was an area of support for many moons may become a level of resistance but only time will tell.
Slowly but surely I'm sure we're collectively hoping that charts all around the crypto space will be able to smash past with bright alt season moon beams ahead.
Stay safe out there.
Ciao for now,
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