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Best Crypto to Buy Now November 27 – XLM, SAND, TIA

Best Crypto to Buy Now November 27 – XLM, SAND, TIA

CryptoNewsCryptoNews2024/11/28 05:33
By:Jimmy Aki

Bitcoin's latest pullback has created a buying opportunity for altcoins, with Stellar (XLM), Sandbox (SAND), and Celestia (TIA).

Last updated:
November 27, 2024 13:28 EST

Bitcoin’s four-day pullback has created ripples in the cryptocurrency market after achieving an all-time high of $99,609 on November 22

After surging to historic highs throughout November, Bitcoin faced profit-taking by long-term holders , triggering a sharp downturn.

This profit-taking wave resulted in $250 million in liquidations of leveraged bullish positions, a significant but non-panic-inducing event.

Historical trends suggest Bitcoin’s correction may not signal the onset of a bear market.

A similar scenario played out earlier this year in March, where profit-taking by whales preceded a two-month correction before Bitcoin resumed its upward trajectory.

Analysts predict that Bitcoin’s price could bottom around $82,500, representing a standard 17% retracement from its recent high.

Amidst this correction, select altcoins, including Stellar (XLM), The Sandbox (SAND), and Celestia (TIA), are standing out as the best crypto to buy in the current market environment.

Stellar (XLM): Blockchain for Financial Transactions

Stellar, known for facilitating fast and cost-effective cross-border payments, has recorded a good performance during the current altcoin rally.

Utilizing the Stellar Consensus Protocol, the blockchain validates transactions without mining, ensuring efficiency and scalability.

Over the past 30 days, Stellar has seen a 433% rise, peaking at $0.64 on November 24.

Best Crypto to Buy Now November 27 – XLM, SAND, TIA image 1 XLM 30 days chart/ Source: CoinMarketCap

However, the token has experienced some turbulence, with a 30% decline over four days before rebounding 16.97% in the last 24 hours to trade at $0.4997.

Data from derivatives markets highlights a decrease in Stellar’s Open Interest (OI) from an all-time high of $339 million to $209 million.

This suggests a cooling off in speculative activity, which could impact short-term price movements.

$XLM Update:

Missed the $XLM trade here. On LTF, $XLM had formed a descending triangle pattern and has already broken out of it. Currently, $XLM is facing rejection around its horizontal resistance zone.

If $XLM manages to gain acceptance above this level, we can consider… pic.twitter.com/RE4c2VvrYj

— Alpha Crypto Signal (@alphacryptosign) November 27, 2024

Technically, the token’s overbought Relative Strength Index (RSI) indicates a potential for consolidation. Key resistance lies between $0.45 and $0.48, a critical zone for determining Stellar’s next move.

Despite near-term volatility, Stellar’s transformative potential in financial transactions makes it one of the best crypto to buy for long-term investors.

The Sandbox (SAND): Leading the Metaverse Revolution

The Sandbox, a metaverse platform enabling users to create and monetize virtual experiences, has gained significant traction as interest in blockchain-based gaming and virtual worlds grows

Powered by its SAND utility toke n, the platform has become a key player in the metaverse ecosystem.

SAND has seen a 143.12% surge in the past month , although it recently experienced a 4.27% correction in the last 24 hours.

Its trading volume has also declined, with the market cap dropping to $1.46 billion.

Best Crypto to Buy Now November 27 – XLM, SAND, TIA image 2 SAND 24 hours chart/ Source: CoinMarketCap

Despite this, investor confidence remains strong, as evidenced by a record-high 877 exchange withdrawals on November 26, a bullish indicator of long-term holding sentiment.

Despite this, investor confidence remains strong, as evidenced by a record-high 877 exchange withdrawals on November 26, a bullish indicator of long-term holding sentiment.

For prospective buyers, SAND’s consolidation presents an opportunity to enter at favorable levels.

🚨 Big Move Alert: #Sandbox is up 145% in 72 hours, hitting $0.8680 for the first time in 644 days since February 2023 🚀

Are you Holding $SAND ? 👇 pic.twitter.com/gAuIm01GgW

— Crypto Patel (@CryptoPatel) November 25, 2024

However, caution is warranted as selling pressure could push the token toward its support level of $0.56.

Celestia (TIA): Redefining Blockchain Scalability

Celestia, a modular blockchain designed to address scalability and interoperability challenges, is another standout performer.

Its unique architecture separates consensus from execution, allowing developers to deploy customized blockchains with minimal overhead.

Celestia has seen a strong breakout, surging past its descending trendline to trade at $8.05, a 4.45% gain in the last 24 hours .

Best Crypto to Buy Now November 27 – XLM, SAND, TIA image 3 TIA 24 hours chart/ Source: CoinMarketCap

The token’s move above $7.27, a key Fibonacci retracement level, confirms its bullish momentum.

While its RSI indicates overbought conditions, suggesting a potential cooldown, the next significant resistance at $9.20 could be a target for bullish investors.

$TIA strongest alt rn and hitting major resistance – break this and we’re flying

Higher ✍️ pic.twitter.com/qRwf8kKkhg

— Hamid (@H_amiddd) November 27, 2024

With the TIA token’s price still 161.7% below its all-time high of $20.91, it offers significant upside potential.

Its innovative approach to blockchain technology positions it as one of the best crypto to buy for investors seeking exposure to cutting-edge solutions in the crypto space.

Better Alternatives to Consider

As the crypto market navigates Bitcoin’s correction, recent reports of regulatory clarity under President-elect Donald Trump’s administration have bolstered investor sentiment.

🔍 The @realDonaldTrump administration plans to boost the CFTC’s role in crypto regulation, reversing Biden-era SEC dominance. #CFTC #cryptopolicy https://t.co/DwKwzwteWp

— Cryptonews.com (@cryptonews) November 27, 2024

Plans to expand the Commodity Futures Trading Commission’s (CFTC) oversight to include digital assets could provide much-needed transparency and confidence in the market.

This development is particularly relevant for altcoins like Stellar, Sandbox, and Celestia, which could benefit from increased institutional participation.

Alongside promising presale opportunities , these tokens represent strategic investments for those looking to capitalize on the ongoing altseason and Bitcoin’s market leadership.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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