3 Altcoins To Watch If Bitcoin Drops Under $80,000
If Bitcoin falls below $80,000, Zcash (ZEC), Pi Coin (PI), and Tensor (TNSR) are highlighted as potential buys due to strong structures or negative correlation with BTC.Summary
Amid Bitcoin's recent 24% drop since November 11, which is dragging down the market, this article identifies three altcoins that might perform better if BTC falls below $80,000: Zcash (ZEC), Pi Coin (PI), and Tensor (TNSR).
Zcash (ZEC) is noted for its clean chart and a one-month negative correlation of -0.87 with Bitcoin, suggesting it moves opposite to BTC. Buyers have consistently defended dips, keeping its flag breakout intact, with resistance at $749.
Pi Coin (PI) shows strength, being up almost 18% over the past month while BTC fell 19%, boasting a -0.87 seven-day correlation. Its Chaikin Money Flow (CMF) remains positive, indicating strong buy-side pressure, and it trades near resistance at $0.25.
Tensor (TNSR) exhibits the strongest short-term negative correlation at nearly -0.90, having recently surged over 340% despite broader market weakness, fueled by consistent accumulation from a single wallet. Its technical indicators show strong bullish momentum, targeting resistance above $0.36.
(Source：BeInCrypto)