Should You DCA These 3 Crypto Tokens This Black Monday for 5X Gains in April?

Bitcoin and crypto tokens crashed on Monday, leading to over $1 billion in liquidation, as recession fear spread. The market cap of all crypto coins plunged by 10% in the last 24 hours to $2.41 trillion. Crypto investors have three options in these market conditions. They can buy the dip, sell the rip, or continue holding their positions. This article explores the top 3 cryptocurrency tokens to dollar cost average (DCA) on for 5x gains in April.

Top 3 Crypto Tokens to DCA for 5X Gains this April

Crypto analysts who have watched the industry for years have seen this before. This is where a black swan event happens, investors panic, and dump their tokens. The Fed then intervenes and these tokens stage a strong comeback. A good example of this happened at the onset of the COVID-19 pandemic.

The real winners in these conditions are people who buy the dip, either at once or through dollar cost averaging (DCA). DCA is a situation where one buys a falling several times. Assume you have $10,000 to invest. Instead of using it all to buy Litecoin at $65, you can divide it into three and buy it as it drops. 

The best crypto tokens to DCA during this Black Monday for 5x gains are Fartcoin (FARTCOIN), Pepe (PEPE), and Polkadot (DOT).

Fartcoin (FARTCOIN)

Meme coins will be some of the best-performing crypto tokens when the industry rebounds. Fartcoin, a top Solana meme coin, is one of the top ones to DCA and benefit as its price bounces back. 

The bullish case for the Fartcoin price is that investors seem to be accumulating the dip, as the chart below shows. 

Investors are buying Fartcoin

Also, technically, the token has formed a cup and handle pattern, a popular bullish continuation sign. The upper side of this pattern is at $0.7153, while its depth is about 71%. The recent decline is part of the formation of the handle section. Therefore, if this pattern works well, it means that the Fartcoin price will soar to $1.2286.

Fartcoin Price Chart

Pepe (PEPE)

Pepe is another top crypto token to buy, primarily because of its strong technicals. On the 1D chart, the Pepe price is in the process of forming a double-bottom pattern at $0.000005320. The neckline of this pattern is at $0.000009185, its highest level last week. 

The double bottom is forming after the coin created a giant falling wedge pattern. A wedge has two descending and merging trendlines. This convergence has already happened, pointing to more gains in the coming weeks. 

The most likely Pepe price forecast is to the upside, with the initial target at $0.00001466, the 50% retracement level. A drop below the support at $0.000005320 will invalidate the bullish view.

Pepe Price Chart

Polkadot (DOT)

Polkadot is an interesting contrarian cryptocurrency token to buy. The most notable fundamental is that it is working on the final step of the Polkadot 2.0 launch, and there are odds that the SEC will approve a DOT ETF. 

Technically, the coin has resisted moving below the important support at $3.61 despite the ongoing crypto crash. That is a sign that it is forming a quadruple-bottom pattern, which may lead to a strong comeback, initially to the resistance at $11.20. The bullish Polkadot price forecast will become invalid if it loses the quadruple bottom.

Polkadot Price Chart

Summary on Top Cryptocurrency Tokens to Buy

Polkadot, Fartcoin, and Pepe coin have strong fundamentals, including their popularity and on-chain metrics. They are also showing strong technicals, pointing to an eventual comeback once the crypto meltdown wanes.

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