The cryptocurrency market was in a state of panic today (28th). Bitcoin plunged sharply in early Asian trading, falling all the way from $84,000 to the $80,000 mark. Market panic rose instantly. Is this just a "healthy correction" in the bull market, or the beginning of another "mass slaughter"?

Bitcoin hit a low of $79,034 this morning, but has rebounded to $79,544 at press time, down about 7.78% in the past 24 hours. At the same time, other cryptocurrencies fell.

The market trend is consistent with yesterday's judgment. It has not really stopped falling and there is always a probability of breaking 8.

Currently, Bitcoin is in a downward channel. In this case, if Bitcoin wants to confirm a stronger rebound trend, it needs to break through this channel first. Before breaking through the channel, based on the downward trend in the past few days, it is estimated that it will continue to fall.

Now we hope that Bitcoin can find support near 77,000, and then it can stabilize at 77,000 for a period of time. When the price breaks through again, there will be hope for an increase, and the bull market may continue. However, if after stabilizing at 77,000, there is a sideways oscillation box and then it chooses to break down again, then it may truly enter the bear market stage.

4 types of altcoins that can rebound against the trend in the future!

1、AVAX

Avalanche is one of Ethereum's biggest competitors, offering faster transactions, lower fees, and high scalability. Its unique subnet architecture enables developers to launch custom blockchains, making it highly attractive for Defi projects and enterprise applications.

As NFTs, gaming, and institutional adoption continue to grow, Avalanche is in good shape for the next bull cycle. Developers are flocking to the network, and its expanding ecosystem is a strong indicator of future price action.

Why this coin made it to this list: Avalanche’s superior speed and scalability make it a top choice for the next wave of blockchain adoption.

2、Sun

SOL has been in a strong downtrend but judging by the long tail of the February 25 candlestick, the bulls are attempting to stall the decline at $130.

The RSI is in the oversold zone, which suggests a possible recovery in the short term. The SOL/USDT pair could rise to the 38.2% Fibonacci retracement level of $150 and the 50% retracement level of $156. If the price turns down from the overhead resistance, the risk of a break below $133 increases.

Conversely, a breakout and close above $156 will suggest that the selling pressure is easing. The bulls will then try to push the pair to the 20-day EMA ($175).

3、HBAR

Hedera has quickly become the blockchain of choice for enterprises, offering unparalleled speed, security, and scalability. Unlike traditional blockchains, it uses hashgraph technology, which enables lightning transactions with minimal fees. This has attracted partnerships with industry giants such as Google, Boeing, and IBM, positioning Hedera as a key player in blockchain adoption.

Recent developments have seen Hedera expand into CBDCs, tokenized assets, and decentralized applications. With sustainability being a major focus, its energy-efficient consensus mechanism is a strong selling point for businesses looking to adopt blockchain without harming the environment.

Why this coin made it to this list: Hedera’s enterprise adoption and cutting-edge technology make it one of the most promising altcoins in the market.

4、AR

In an age of rampant data breaches and losses, ARWEAVE offers a groundbreaking solution: permanent, tamper-proof data storage. Unlike traditional cloud services that require recurring fees and are susceptible to change, Arweave leverages blockchain technology to store data indefinitely. This ensures that information, whether it’s a legal document, digital art, or historical record, remains immutable and accessible forever.

Recent collaborations have enabled Arweave to integrate with major blockchains such as Solana, providing decentralized backup for large amounts of on-chain data. This partnership not only enhances Solana’s data resilience, but also expands Arweave’s reach and utility. As more decentralized applications (DAPPs) and platforms recognize the importance of permanent data storage, Arweave’s network continues to grow, solidifying its position in the crypto ecosystem.

ARWEAVE solves a fundamental need in the digital world: reliable and permanent data storage. Its unique approach and growing integrations make it a compelling choice for those looking to invest in the next best cryptocurrency.