Avoid These 3 Cryptocurrencies This Week Like the Plague

Despite the overall positive sentiment of the present crypto market, some coins are warned to be death traps. Cardano (ADA), Shiba Inu (SHIB), and Ripple (XRP) are flashing bearish trends, suggesting possible short-term drops. Here is a closer look at why these three coins should be avoided this week and where investors could wish to concentrate their attention instead.

Cardano (ADA): Fighting Below Key Resistance

Stuck between $0.33 and $0.36, Cardano (ADA) has been meandering sideways for weeks without exhibiting any signs of breaking out from its narrow range.  The price has failed to rise above its moving average lines, signaling continued weakness. Buyers tried recently, from October 7 to 15, to push ADA over resistances, but these efforts failed, and a pullback resulted. ADA's moving averages are trending down, and a bearish crossover suggests more downside risk. Should ADA lose its present support at $0.33, the coin may fall to $0.30—a vital support level. The longer Cardano stays below the moving averages, the more likely it is to show another leg down in the next few days. Traders should avoid ADA until Cardano breaks out of its present range and builds greater momentum.

Shiba Inu (SHIB) Fighting to Reach Important Levels

Once preferred among retail investors for its meme value, Shiba Inu (SHIB) is now encountering strong opposition at the $0.000020 mark. According to on-chain data, SHIB's price behavior is quite dependent on whether it can surpass this critical resistance, where 437 trillion tokens are kept. Should SHIB fall short of this level, a decline could be anticipated, returning the coin toward its $0.000015 50-day simple moving average (SMA). Furthermore, the Global In/Out of the Money (GIOM) statistic shows that a good amount of SHIB supply was bought between $0.000018 and $0.000019. Should SHIB fail to mobilize, these holdings could start selling, hence generating more negative pressure. This week, SHIB's speculative character makes it a dangerous gamble, even if the wider crypto market shows mixed feelings. Investors looking for stability may want to avoid Shiba Inu as it navigates these uncertain price levels.

Ripple (XRP): Legal Uncertainty Still Weighs Heavily

Legal disputes involving the SEC have kept Ripple's price consolidated for much of the year. XRP has failed to sustain its momentum despite favorable attitudes about the probable release of Ripple USD (RLUSD) and changes inside the XRP Ledger. Although the coin is sitting between $0.52 and $0.55, recent technical indicators—including the Relative Strength Index (RSI)—suggest that should XRP lose its support, a collapse could be impending. Usually, great market movers whales have stayed on the sidelines with little accumulating activity. This lack of whale interest reduces XRP's chances for a notable breakout even more. The likelihood of additional losses is great until ripple can remove important resistance at $0.5630. Until the regulatory dust settles and XRP can pick up positive momentum, investors should be cautious and search for other prospects. Although Cardano, Shiba Inu, and Ripple exhibit symptoms of weakness, Rexas Finance (RXS) is becoming a notable participant in the decentralized finance (DeFi) market.

Rexas Finance (RXS): A RWA Token With Great Presale Performance

Rexas Finance offers a novel method for blockchain-based tokenizing of real-world assets (RWAs). Through the power of blockchain, this invention lets investors purchase fractional ownership of valuable assets, including real estate, art, and commodities. Having attracted over $4.2 million and sold around 90 million tokens, the platform is now in the fourth stage of its presale. Rexas Finance is preparing for its fifth presale stage, when the price will grow from $0.060 to $0.070 and then be listed at $0.20, with just 24 million tokens left. The presale's success is evidence of the growing need for blockchain solutions spanning the digital asset industry to close the gap between conventional finance and this area.

Rexas Finance distinguishes itself from other DeFi initiatives with a strong ecosystem, including tools like the Rexas Token Builder and QuickMint Bot. Without technical understanding, these tools let users easily generate and maintain their tokenized assets. Furthermore, there is Rexas Launchpad, a platform that allows fundraising for startup tokenized initiatives. Furthermore, Rexas Finance recently reached a major milestone by being listed on CoinMarketCap, increasing its profile and legitimacy on the market. Analysts predict a post-launch surge as investors swarm the site to seize its creative DeFi ideas. Rexas Finance presents a convincing substitute with its creative technology and strong basis, even as other coins could be having temporary difficulties. Before it closes, investors seeking a safer investment in this erratic market may think about participating in the Rexas Finance presale since the project is expected to develop significantly, not too far off.

Conclusion

Bearish technical indicators and unclear market conditions make Cardano, Shiba Inu, and Ripple top projects to avoid this week. Investors might wish to switch to exciting projects like Rexas Finance, which is creating genuine value via its DeFi solutions and asset tokenization approach. Given its high post-launch projection, Rexas Finance offers a special chance for individuals looking for growth. Don't miss out—join the Rexas Finance presale right now!

About Rexas Finance :-

Website: https://rexas.com