Investors Look Forward Next Big Move from These 5 Cheap Altcoins Under 1$

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As a seasoned crypto investor with a knack for spotting undervalued gems and riding the digital waves, I find the five altcoins discussed in this article particularly intriguing. Having navigated through the 2017 bull run and the subsequent bear market, I’ve learned to read charts like a map and understand that every coin has its own unique story.

Intrigued cryptocurrency investors are looking for the next big players about to make their mark. This article takes a closer look at five relatively inexpensive altcoins, all currently under $1, which could soon see significant expansion. Find out which digital currencies are causing excitement and understand why they might offer impressive returns.

TRON (TRX)

TRON (TRX) is maintaining a stable position near $0.15, but its recent 2.75% weekly increase indicates some weakness. An RSI of 40 points to more downward pressure. The bulls are treading carefully as TRX encounters resistance at $0.16. If it manages to break through, it could rise by another 6% to hit $0.17. Conversely, if the bears dominate, it might fall to $0.14 or potentially drop 13% to $0.13. The consistent Simple Moving Average over 10 and 100 days indicates a lack of significant momentum in either direction. This slow progression suggests that traders should remain cautious and watchful for further developments with TRX.

Stellar (XLM) 

The value of Stellar is fluctuating between approximately 9 and 10 cents. It’s struggling to build up speed, with the bulls appearing to lack their usual strength as the current price is approaching recent support points. For XLM to demonstrate potential for growth, it needs to surpass its initial resistance just above 10 cents. If successful, it could reach its second resistance level, potentially triggering a rise of around 13% from the lower boundary of the present range. Nevertheless, Stellar’s RSI indicates that the market isn’t excessively heated. Despite a minor weekly increase, it has experienced a drop over the past month and six months, indicating the need for a strong boost to recover losses.

Dogecoin (DOGE)

As a crypto investor, I’m observing that Dogecoin’s price is fluctuating between approximately 9.5 and 11 cents right now. The Relative Strength Index (RSI) is slightly above 52, suggesting neither the bulls nor the bears are in complete control. Over the past week, there’s been a 2.5% increase, but over the last six months, we’ve seen a significant drop of more than 38%.

Shiba Inu (SHIB)

Lately, the value of Shiba Inu coin has been experiencing a wild ride, hovering near $0.000013 in trading. The latest figures indicate that the sellers might have the upper hand since the price is dipping below both its 10-day and 100-day averages. Shiba Inu (SHIB) has hit a wall at approximately $0.00001465 and again at $0.00001583, while finding some support just above $0.000012. The Relative Strength Index (RSI) indicates a balanced struggle between buyers and sellers, suggesting no clear dominance. Short-term energy seems limited according to the stochastic levels, but the Moving Average Convergence Divergence (MACD) shows a slight bearish tendency. With monthly growth of less than 5% and a six-month decline approaching 50%, SHIB needs robust bullish action to initiate substantial upward movement.

Kaspa (KAS)

Kaspa (KAS) finds itself in a challenging position, exhibiting tendencies towards a downward trend. The coin’s value oscillates between fifteen and eighteen cents, finding it difficult to surpass the twenty-cent barrier as resistance. A recent dip below both the ten-day and one-hundred-day simple moving averages indicates weak momentum. The Relative Strength Index (RSI) is quite low, suggesting an oversold condition, while the Moving Average Convergence Divergence (MACD) points towards a bearish trend. However, its monthly growth suggests potential for future expansion. If buyers become more active, KAS could potentially reach twenty-three cents, representing a rise of roughly thirty percent. On the flip side, if selling pressure continues, it may approach the support level at fourteen cents.

Conclusion

As a seasoned investor with years of experience in the cryptocurrency market, I have found that looking for undervalued altcoins can lead to significant returns. Currently, five coins that I believe are worth keeping an eye on are TRON, Stellar, Dogecoin, Shiba Inu, and Kaspa. Although they face resistance and bearish trends, I believe each of these has the potential to break through key price levels and deliver substantial gains.

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2024-09-22 18:23