The cryptocurrency market is red today, with the total market cap falling by more than 3%. The crypto market sentiment has also plunged into fear, which often precedes a spike in selling activity. The declining prices and waning investor interest have pushed many altcoins into oversold regions. In this article, we explore three high-potential cryptos to invest in before March 31 for significant gains.
3 High Potential Cryptos to Invest In Before March 31
Data from Coinglass reveals several altcoins with a heavily oversold RSI. When most cryptos reach oversold levels, it suggests that they have hit a local bottom where selling pressure is exhausted. This makes such coins high-potential cryptos that can rally. These altcoins include Ripple (XRP), Kaspa (KAS) and Melania (MELANIA).
Ripple (XRP)
XRP price trades at $2.31 at press time after a 5.5% decline in 24 hours. The RSI has plunged to 33 on the daily chart, which is close to oversold levels. Moreover, this RSI is at its lowest level in nearly three weeks.
An oversold RSI usually precedes a trend reversal to the upside. Moreover, Ripple is defending the $2.23 immediate support level, indicating that a bullish reversal remains likely. As long as XRP defends the make-or-break support of $1.90, it is possible to make a reversal.
Besides the technical setup, positive narratives around Ripple make it the best crypto to buy during the dip. The end of the Ripple case has increased the odds of XRP ETF approval according to top market analysts.
Kaspa (KAS)
Kaspa is also one of the oversold crypto tokens with high potential. Kaspa price today trades at $0.074 with a 4% decline in 24 hours. The RSI has made a lower low after falling to 38 due to intense selling pressure. However, this altcoin continues to defend the support level at $0.073, which suggests that it can avoid further dips despite being in an oversold state.
The Bollinger bands on the Kaspa price chart are also tightening, which could also precede a bullish Kaspa price prediction. If traders begin to buy this dip, and KAS confirms a breakout past the $0.082 resistance, it can rally higher, which makes KAS a top crypto to buy.
Melania Meme (MELANIA)
The other best crypto to invest in with high potential is MELANIA. This Solana-based meme coin is leaning towards being oversold with an RSI of 33. Moreover, this indicator is at a two-week low, suggesting selling pressure has been notably high.
At press time, MELANIA trades at an all-time low of $0.64. This presents an opportunity for traders to buy the dip in case of a reversal. Additionally, the BBTrend histogram bars are fading, which is indicative of a weakening bearish trend making it a top crypto to buy.
Meanwhile, top meme coins on Solana have also seen a surge in activity after volumes on the PumpFun exchange surged by nearly two times this week. This could also bode well for MELANIA.
Summary
XRP, KAS, and MELANIA are the best high potential cryptos to invest in today. These crypto tokens are heavily oversold according to the RSI indicator, which shows that sellers have reached a point of exhaustion. If traders accumulate this dip, it could fuel a trend reversal.
The post 3 High-Potential Cryptos to Invest in Before March 31 appeared first on CoinGape.
