The past couple of days have been quite eventful in the crypto market. Various coins have been making drastic moves. The Super Trump coin (STRUMP) plunged almost 10% and DOGE experienced another drastic decline.
Raboo ($RABT), however, a new AI meme coin has continued to gain momentum. Currently in its fourth presale stage, Raboo is trading at $0.0048. Its 100x ROI potential has been a major attraction for $RABT holders. Keep reading to find out more.
STRUMP is currently trading at $0.00604 after climbing a fraction in the last week. The bulls were able to stage a bullish trend reversal thanks to the support within the lower boundary of the channel. After several weeks of trading red, STRUMP is now trading within the upper boundary of the channel.
According to major indicators such as the RSI and MACD, the price of STRUMP is currently in a positive trend as it attempts to break out of the declining channel formation. As investors aim for $0.015, STRUMP might surge over the channel if the bulls are successful in pushing the token.
Although still trading green on the 7 day chart, STRUMP has experienced a steady drop from 0.007 to now 0.006. If the bulls are unable to hold their position, the bears just might be taking back control. Pressures from the bears could retrace STRUMP back to 0.002146 support level. Holders of the coin should pay close attention to the 50-day and 200-day Simple Moving Averages (SMAs).
Dogecoin has been on a decline for several weeks, dropping 22% in 30 days. DOGE is now below its 20 days Exponential Moving Average (EMA) and the 50-day Simple moving average (SMA). In an effort to break above its 50-day SMA at $0.11 on August 23, DOGE ran into significant bearish resistance.
However, DOGE’s Chaikin Money Flow (CMF) hints that there might be a trend reversal. The momentum indicator has revealed an uptrend, crossing above the zero line. Additionally, its Moving Average Convergence Divergence setup also suggests potential rebound.
The price of the meme currency might reach $0.13 if the upward momentum keeps growing and demand for DOGE rises. It could also break past resistance around the 20-day EMA and 50-day SMA. But if the downward trend keeps up, DOGE's price may plummet below these crucial thresholds even lower, even reaching $0.08.
Raboo, the AI meme coin in its presale, has raised over $2 million, attracted over 11,000 registered users, and acquired over 3,000 token holders, among other noteworthy accomplishments. This outstanding result demonstrates the significant interest and trust that investors have in Raboo's novel strategy.
Raboo's innovative AI-backed meme concept and Post-to-Earn technology, which lets users monetarily generate revenue from their social media posts, set it apart in the Meme Coin Market. This feature increases user engagement while also providing actual value. Raboo's community-driven strategy guarantees ongoing development and active involvement while presenting substantial benefits for early investment. Raboo's novel features and robust community make it a prime candidate for significant expansion.
$RABT holders won’t have to wait until launch to earn $RABT tokens and win prizes. Investors will be able to take advantage of our unique social-fi model to earn extra tokens by competing in weekly, monthly, and quarterly challenges and special giveaways to earn $RABT and rewards. Every challenge is a chance to earn, and every victory counts and translates into real-world value and rewards.
STRUMP has been impressive in the past few weeks, putting smiles on its investors. DOGE, however, has continued in a downward trend for the past month. Causing investors to panic and seek refuge in other promising coins, such as Raboo. The AI meme coin has proven to be a good investment opportunity. Although still in its presale stage, Raboo provides opportunities to earn and promises significant returns upon launch.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.