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As a result of the ongoing market crisis in the crypto sector, investors are keen on knowing the next step for the assets they hold and the cryptocurrency market in general. In this article, we would look at the price analysis of some notable coins, Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and Tradecurve (TCRV).
In recent times, Dogecoin, Elon Musk's favorite digital asset, has witnessed a price, dropping to its lowest point since June 2022 at $0.0623. Last week, Dogecoin's price remained relatively stable, trading within a narrow range below $0.632. Today, the cryptocurrency is still in a neutral position.
The 14-day Relative Strength Index is currently at 48.418, a neutral position. However, if the ongoing downtrend in the cryptocurrency market persists, Dogecoin's price could face a significant test.
Investors must monitor the $0.048 level, which represents the lower boundary of the current price range within which the meme coin has been fluctuating. Conversely, the token is facing substantial resistance at $0.632 and needs bullish momentum to surpass the price level.
On October 28th, 2021, Shiba Inu (SHIB) achieved its highest-ever price of $0.00008616. Nevertheless, the price has since witnessed a substantial downturn, plummeting by 91.64%. Yesterday, Shiba Inu ( managed to surpass a significant resistance level at $0.000007, leading to an impressive 4.6% increase in just half an hour.
At present, the 14-day Relative Strength Index indicates a neutral position. If a sustained rally occurs, prices may likely rise by approximately 6% before encountering combined resistance at $0.00000783 and the downward-sloping trendline.
Floki Inu witnessed positive fluctuations as its price increased marginally from $0.00002240 to $0.00002248. The cryptocurrency experienced a significant upward trend on June 18th, 2022, reaching a peak price of $0.00002265 for the day, primarily driven by strong bullish activity.
It is worth noting that there is a resistance at $0.00003703 which would dictate future price movements. On the other hand, the lower band of the Bollinger bands indicates a robust support level at $0.00001777. Despite this, the overall market sentiment remained largely positive, suggesting an optimistic outlook for the future value of Floki Inu.
Tradecurve (TCRV) is one token that has performed well despite the bearish market sentiment. Even during the initial presale stage, the token's price surged from $0.010 to $0.018, marking a significant 80% increase. TCRV has witnessed a substantial surge of 20%, reaching a new high at $0.018.
Investors who bought the token at $0.015 have seen their investment grow 20%. What sets Tradecurve apart from other exchanges is its hybrid platform that grants users control over their assets and private keys.
Additionally, Tradecurve removes the need for strict Know Your Customer (KYC) requirements, allowing individuals from any location worldwide to trade anonymously on the platform. Market experts are even predicting that there is another 40% price surge in the coming weeks with a 100x price jump after its 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.
