The start of the week was not great for the cryptocurrency market, with Bitcoin hitting a seven-day low earlier in today's trading session. The bullish trend in the market has lost its steam slightly after the release of a robust U.S. non-farm payrolls report, leading to concerns about the Fed's inflation stance. With this in mind, what are some of the best cryptos to buy today?
Over the past five days, Bitcoin has experienced a continuous decline and reached a low of $22,631.72 on February 6, its lowest since January 30. Ethereum has also experienced a decrease of 2.24% yesterday after getting rejected from the resistance level of $1,675. ETH is currently trading at $1,647.85, near its psychological support level of $1,600.
Despite the recent dip, the cryptocurrency market outlook still looks positive, with both Bitcoin and Ethereum trading above crucial support levels and the RSI providing support for potential growth.
This downturn in the market also presents a good opportunity for investors to re-assess their portfolios and search for new investment opportunities. This may include researching tokens with high growth potential, especially those in their early stages like presales, where good deals can be found.
Investors should consider tokens with a positive fundamental and/or technical outlook, such as MEMAG, AGIX, FGHT, SHIB, and CCHG, which are among the best cryptos to buy today.
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MMG is
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