President Donald Trump’s decree on the establishment of a strategic Bitcoin reserve was shaken by the market sales wave. However, some subcoins continue to attract the attention of investors. Jup Coin and 2 Altcoin appeared as some of the most discussed assets today. Crypto analyst Aboodun Oladokun, these 3 token takes a closer look.
Altcoin in the first row: Redstone (Red)
Oracle Token Red, which has been released, is one of today’s trend altcoins. However, price performance was affected by the decline that disturbed the general market in the last 24 hours. He is currently traded for $ 0.64 and made a decrease of 33 %. In the midst of this double -digit price drop, Red’s transaction volume exceeded 195 million dollars and increased by 1069 %in the last 24 hours. This reflects the high sales between market participants.
As the price of an asset decreases, the increase in the transaction volume indicates the increasing sales pressure of more investors by the disposal of their assets. If this persists, the price of Red may drop to $ 0.57.
Red Price Analysis. Source: TradingViewThe second row Altcoin: Jupiter (Jup Coin)
Token Jup Coin, which strengthens the sole -centered stock market Jupiter, is one of the most sought -after subcoins of today. The price of the JUP fell 5 %last day, which reflects the decline in the market. In fact, on Friday, the lowest level of the last year fell to $ 0.56. Since then, it has recovered and traded for $ 0.60 during the article. However, sales between Jup Coin Holders continue to be important.
Negative readings from Elder Ray Index confirm this. When the index is negative, it indicates that the sellers are controlled at prices traded under EMA. This points to the decline momentum in the Jup Coin market. If the decline persists, the Jup Coin can visit $ 0.56, the lowest level of a year, and maintain a decline trend. In this scenario, it is possible to decrease up to $ 0.43, the lowest level of all time.
Jup price analysis. Source: TradingViewAltcoin in the last row: Sonic (S)
S is another subcoin that is the trend today. It is traded for $ 0.53 by witnessing a 11 %price drop last day. During the article, the relative power index (RSI) was 41.70 below the 50-neutrot line and emphasized the high sales pressure in the spot markets.
The RSI value is less than 50 shows that the rise momentum is weakened and that the sellers have more control on the market. This indicates a decrease tendency in the S market and points to a long -term decrease. In this case, the price of S may drop to $ 0.47.
S Price Analysis. Source: TradingViewThe opinions and estimates in the article belong to the analyst and are not definitely investment advice. As Kriptokoin.com, we recommend that you do your own research before investing.
