Large Crypto Traders Targeting Higher Returns From Memecoins as Capital Rotates to Altcoins, Says Santiment

Big players in the crypto scene are chasing higher gains by betting on memecoins. The shift of funds from well-known cryptos to lesser-known altcoins is marking a new trend. Santiment’s analysis sheds light on which coins might be primed for a rise. Curious about which digital tokens could be the next big hit?

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Turbo (TURBO) Struggles to Gain Momentum Amidst Market Fluctuations

Turbo (TURBO) is currently priced between $0.0039 and $0.0051, showing difficulty breaking through the nearest resistance of $0.0057. The coin has seen a recent decline, with prices down over 6% in the last week and almost 32% in the past month. Despite a long-term gain of over 270% in six months, the coin’s momentum appears weak. Indicators like RSI at 51.20 and a slightly negative MACD suggest a sideways or stagnant trend. Turbo needs to break the resistance at $0.0057 to show growth potential, possibly targeting $0.0068. However, without upward momentum, it may hover near its current support levels.

Dogecoin Hovers at Crucial Levels, Will It Rise or Fall?

Dogecoin is currently trading between $0.10 and $0.12. The coin faces resistance at $0.13, which it needs to break to see more growth. If it manages to climb past this, it could hit $0.143, representing a potential gain of around 20% from its lower range. However, if Dogecoin falls below $0.09, it might drop further to $0.07, losing up to 30%. Indicators like the Relative Strength Index (RSI) at 55.85 suggest slight bullish momentum, but the recent declines in weekly, monthly, and six-month prices indicate caution. The next few days could be crucial for Dogecoin’s direction.

Floki Coin Fluctuates, Eyes on Potential Rebound

Floki (FLOKI) is currently trading within the $0.0001208 to $0.0001699 range. The coin faces resistance at $0.0001895, with stronger resistance at $0.0002386. Support levels stand at $0.0000914 and $0.0000423. Recent price movements show a downtrend with a one-week drop of 8.28% and a one-month decline of 23.66%. The coin’s Relative Strength Index is very low at 21.99, suggesting it’s oversold. Stochastic readings also reflect an oversold condition. These indicators imply potential for a price rebound if the market turns bullish. A move past the nearest resistance could see gains of up to 40%, reaching the second resistance level.

Dogwifhat (WIF) Struggles Amid Market Fluctuations

Dogwifhat (WIF) is currently priced between $1.48 and $2.19. The coin appears to be struggling, showing a one-week decline of over 4% and a steeper 32% drop over the past month. However, its price has increased by almost 20% in the last six months. The 10-day average sits at $1.54, which is below the 100-day average of $1.66, indicating potential bearish sentiment. The coin has resistance at $2.46 and $3.17 and support at $1.05 and $0.34. With an RSI of 45.49, it’s neither heavily oversold nor overbought, showing some indecision. Overall, WIF needs to break above resistance to show signs of growth again.

Conclusion

Coins like TURBO, DOGE, FLOKI, and WIF show less potential in the short term. However, CYBRO, a technologically advanced DeFi platform, provides investors unparalleled opportunities to maximize earnings. This is achieved through AI-powered yield aggregation on the Blast blockchain. Lucrative staking rewards, exclusive airdrops, and cashback on purchases enhance the user experience with seamless deposits and withdrawals. CYBRO’s focus on transparency, compliance, and quality ensures it stands out as a promising project. There is strong interest from crypto whales and influencers.

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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

Source: https://bravenewcoin.com/insights/large-crypto-traders-targeting-higher-returns-from-memecoins-as-capital-rotates-to-altcoins-says-santiment