The crypto money market continues its mobility. Many Altcoin draws attention with its high trading volume, while others stand out thanks to its rising prices and increasing popularity on social media. Although the rise of these coins attracts the attention of investors, it is useful to be cautious against speculative movements. Here are the three important subcoin and price movements that enter the radar of investors today.
The first Altcoin on the list: Broccolı Token
Binance’s founding partner Changpeng Zhao recently introduced his dog Broccoli on social media. Following this sharing, Broccolı breast Coin was released and the price rose rapidly. Currently traded for $ 0.22, Broccolı has gained a 360 %value.
However, Broccoli’s relative power index (RSI) shows that Token has entered the overbreaking zone. This indicates that there may be a price correction in the short term. If the demand decreases, the price of Broccolı may drop to $ 0.18 before and then to $ 0.12. But if the current rise continues, it has the potential to reach $ 0.27. Therefore, investors should watch carefully.
Mochi
Mochı is a Altcoin that works on the base network and has recently attracted attention. Currently traded for $ 0.000032, MochI, increased by 17 %in the last 24 hours. However, 37 %of the process volume shows that speculative processes are predominant.
The fact that the price is not compatible with the transaction volume suggests that the rise may be short -term. If the market rally ends, the price of MochI may drop to $ 0.000022. On the other hand, if the new demand comes, the price may rise to $ 0.000045. However, this may vary depending on the current market conditions.
3. Altcoin: JUP
Solana -based decentralized stock market Jupiter’s (JUP) Token is among the trend Altcoins today. The jup gained 14 %and reached $ 0.95. However, the Aroon indicator is 0%, indicates that the rise momentum is weakened.
The low this indicator means that the JUP can reversal the price trend. If the correction arrives, the price may decrease to $ 0.81. However, if the rise persists, the price of the jup may increase to $ 1.08. It is of great importance that investors move with the right strategies in this volatil market. The risks need to be taken into consideration as well as opportunities.
