Discover The Altcoins Defying Odds To Achieve Huge Returns

Large-cap cryptocurrencies are struggling and facing overall bearish sentiment, but at this time, a few promising altcoins are overperforming the markets, beating all the competition. These altcoins protect investors against drawdowns and give hope to survive in disappointing market conditions.

Today, we will analyze three coins that show enormous returns despite the odds being against them: Nervos Network(CKB), Sui (SUI), and a new promising utility token, Cutoshi.

Nervos Network (CKB): Retraces to 38.2% Fibonacci Level

The Nervos Network (CKB) is a decentralized project focused on privacy and security. Currently, CKB has a 45.67 billion token supply in circulation.

CKB is going through a small pullback after a huge 100% bull run in the first half of this month. The closest support level is at $0.015039, where bulls can enter. CKB’s nearest resistance is at $0.018549. A higher resistance level lies at $0.024490, where bearish pressure could be introduced.

Right now, CKB is moving steadily, above its 50-day and 200-day moving averages, which it has been struggling to break since the steep downtrend. On the daily chart, CKB is trading in a symmetrical triangle pattern. Currently trading at $0.01631, CKB’s Relative Strength Index (RSI) equals 65 and is making lower highs.

Drawing a Fibonacci retracement from the low of the large green candle on 13 September to the high of 18 September, CKB is taking support and showing signs of reversal from the 0.382 line, which might be only a minor pullback. The volume has decreased by more than 30% in the last 24 hours. When whales come in with high volume, Nervos Network (CKB) can break through the weak resistances and reach its 52-week high point of $0.037892.

Sui (SUI): Doji Forms On The Daily Chart Hinting Indecision

The Sui blockchain has its own native token, SUI, which powers its ecosystem, and is used for staking purposes and to cover gas charges. SUI has gained trust of the crypto community and seen its highest volume this month since its launch back in May 2023. With a total market cap of $4 Billion, SUI has a total supply of 10 billion tokens and is currently circulating 2.68 billion of them.

SUI trades at the price of $1.7372 in an uptrend, above the short-term 10-day and 20-day moving averages. With a Relative strength index (RSI) of 83.3, SUI is showing great bullish pressure. The volume has increased 66.83% in the last 24 hours. After yesterday’s large green candle of 13.53% the price action is making a doji today, showing short-term indecision.

SUI has the closest significant resistance far away at $1.9707, and the next resistance is its All-time high level of $2.1816. Due to the indecision in the token today, the price could drop to the support at $1.4970

Cutoshi: The Memecoin Educating The Masses On DeFi

Cutoshi is a new and fast-rising utility memecoin with the serious purpose of promoting Decentralized Finance (DEFI) and educating the common man about DeFi. The total supply of Cutoshi will be 440 million, and currently, more than 4 million CUTO tokens have been sold at the price of $0.015 out of the 22 million for sale in the first stage of the presale.

Cutoshi has created Cutoshi Academy to educate people new to crypto and replicate Satoshi’s vision of making blockchain accessible to everyone. The Cutoshi Academy will spread awareness about DeFi concepts and their advantages in a fun way so that more newcomers can adopt cryptocurrency. The best part is that most educational content will always be free.

Another aspect of the Cutoshi ecosystem is the limited edition Cutoshi NFTs. Only 8,000 will ever be made. The winners of the Cutoshi challenges and the early holders of the CUTO token will get these limited edition NFTs.

For more information on the Cutoshi (CUTO) Presale:

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