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The cryptocurrency market is known for its extreme volatility. Even amidst these ups and downs, some altcoins stand out with strong profit potential. Discover 5 coins that are poised to gain the upper hand and grow. In this article, learn about the cryptocurrencies that can maximize your profits during turbulent times.
MANTRA (OM) is currently trading in a narrow range of 84-94 cents, indicating indecisive market sentiment. The bulls are looking weak, with the price falling below the 10-day and 100-day moving averages at 96 cents and 93 cents respectively. The Relative Strength Index of 44.75 and the Stochastic Oscillator of 45.88 further suggest bearish momentum. The immediate resistance is at $1, with support at 80 cents. Despite a massive 6-month rally of over 200%, the recent weekly gain of 7.41% is overshadowed by a monthly loss of 3.05%. In terms of potential growth, a break above $1 could push the price to $1.31, representing a gain of around 48%. However, if bearish activity increases, it could drop to 70 cents, potentially representing a 17% decline.
PepeFork (PORK) is currently showing a price range between $0.0000000935 and $0.000000256. It has gained over 75% in the past week and over 165% in the past month, but the bulls are looking cautious with the RSI (Relative Strength Index) below 55. The stochastic momentum remains high at 93, suggesting further growth potential. If PORK can break the nearest resistance level of $0.000000335, it could target the next level of $0.000000515, offering a potential upside of around 72%. However, it is facing strong resistance and a bearish MACD level. Watch the support level of $0.0000000942 for signs of consolidation.
The current price of Uniswap is fluctuating between $5.23 and $6.34, capturing both bullish and bearish sentiments in a fierce competition. The nearest resistance level is $7.06, while support starts at $4.83. The bulls could be encouraged by the coin’s position above the 10-day and 100-day simple moving averages. The Relative Strength Index (RSI) is showing moderate bullish momentum at 62.18, while the high probability value of 89.34 suggests that it is approaching the overheated buying zone. The weekly and monthly price action has shown some upside, but the 58% drop over 6 months shows continued difficulties. If buying pressure increases, UNI could break $7.06 and even target $8.31, representing a potential upside of around 38%.
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Federation of Artificial Superintelligence (FET)
The Federation of Artificial Superintelligence (FET) is currently trading between $0.96 and $1.40. Despite a 20% gain last month, the coin is down about 14% last week and is down over 57% over the past six months. The bears seem to be in control right now, with the price hovering below the 100-day moving average at $1.17. The $1.65 resistance could challenge any bullish moves, while the $0.79 support remains important. A break above $2.24 could trigger a significant rally, potentially sending the price up over 60% from current levels.
Pepe (PEPE) is having a tough time, hovering between $0.96 and $1.40. The bulls are looking weak as the price has recently dropped by nearly 14% in just one week. However, there are some positive signs as the price has gained nearly 20% in the past month. The cryptocurrency is currently below the major moving averages, indicating a bearish trend. If the bulls regain strength, PEPE could rally to its nearest resistance level of $1.80, marking an impressive potential upside of over 28%. The downside is that if the bears continue to dominate the market, the price could fall to the support level of $0.79. PEPE’s RSI is sitting low, suggesting that it could be oversold, which could spark buying interest again.
conclusion
OM shows great potential due to its adoption rate. PORK benefits from unique use cases. UNI’s liquidity provision is key. FET is impressive with its cutting-edge technology. PEPE adds potential as it gains popularity. Diversifying with these coins can help you optimize your returns during market volatility.
Disclaimer: This is a sponsored press release and is provided for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.
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