Top 5 NFT Coins To Buy Before Entering 2023

Top 5 NFT Coins To Buy Before Entering 2023: In 2022, the NFT market received tremendous attention from investors, causing the coins associated with it to skyrocket within a short period. However, the ongoing downtrend in the crypto market tumbled these coins significantly and brought heavy discounts for interest buyers.

Apecoin(APE)

Source- Tradingview

As a result of the ongoing downtrend, the Apecoin price tumbled 89% from its all-time high of $39.4 to currently trade at $4.31. Furthermore, the technical chart showcased the prices have been falling in response to a downtrend for the past seven months.

On December 11th, the altcoin breached this long-coming trendline indicating an early sign of trend reversal. The potential growth show encourages a bullish rally to $27.6 by mid-2023.

Chiliz(CHZ)

Source- Tradingview

The Chiliz(CHZ) price falling for nearly two years, lost 84.73% from the all-time high of $0.891. However, this downfall shows the formation of a falling wedge pattern in the monthly time frame chart. 

This bullish pattern is set to trigger a significant rally upon the breakout of its resistance trendline. The coin currently trades at $0.13, but completing this pattern may push the prices to reach $1 by last 2023.

Theta(THETA)

Source- Tradingview

From the All-Time High of $15.9, the ongoing downtrend plummeted the THETA price 94.82% down to its current price of $0.822. However, this altcoin has been sideways for the past seven months, suggesting the bearish momentum has been exhausted. 

If the prices reach near $0.82 support, the Fibonacci trend-based extension hints the potential growth may hit $2.55 by the first or second quarter of 2023. Moreover, the indicator shows the next supply zone at $4.4.

Sandbox(SAND)

Source- Tradingview

A V-top reversal from the $8.44 all-time high plunged the SAND prices by 93.49% and reached the $0.55 mark. Furthermore, the altcoin shows a breakdown from the $0.574 support indicating the sellers may resume the ongoing downtrend.

Thus breakdown could tumble the price by 71%  to reach its current market value of $0.55.

However, the holder may witness a recovery attempt if the SAND price shows sustainability above the long-coming $0.55 or $0.18 support. This recovery could push the price near the supply zone of $2.5, followed by $3.5.

Decentraland(MANA)

Source- Tradingview

Amid the ongoing downtrend, the MANA price lost 93.56% from its All time high and slumped to the current price of $0.38 mark. The coin price currently retests the June 2021 bottom support of $0.37.

Thus, the altcoin could witness a significant upswing if the buyers managed to sustain this old support. The potential target for MANA price could be 363% higher $1.7 mark within the first half of 2023

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