Top cryptocurrencies that are facing major corrections right now

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Top cryptocurrencies that are facing major corrections right now
Coinmama


The last week of March may have been the best week for cryptocurrencies this year. The coin has been rising and the momentum doesn’t seem to be slowing down. But as with every strong uptrend, a correction is indeed inevitable. Here’s why we think a callback is coming:

Bitcoin and other major stocks have stalled after recent uptrend

Short-term buyers have largely driven this surge and will profit at some point.

The sustained rally of the past two weeks appears to have lost its strength.

Betfury

However, some coins will face major corrections than others. We created a list here to see:

PancakeSwap (cake)

The recent uptrend in PancakeSwap (CAKE) has actually surprised many analysts. The coin doesn’t seem to have any demand but somehow managed to pull up in the market. CAKE has now increased in value by at least 30% in the last week.

Data source: Tradingview

But judging from today’s price action, CAKE has actually slowed, and while the coin has reported modest gains, it has failed to overcome overhead resistance. We expect a small correction in the coming days.

SKALE Network (SKALE)

Skale Network (SKALE) was also another big surprise. The coin just wobbled, and all of a sudden, it came out of nowhere. SKL gained 112% in the last week, 35% of which has been up in the past 24 hours. The coin may add more gains before an eventual correction in the near term.

IOST (IOST)

IOST (IOST) has also taken its uptrend to a whole new level, adding about 80% gains over the past 7 days. But even if the coin doesn’t seem to be slowing down, at some point the bullish momentum will wear off. In fact, this may happen sooner than you think.



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