Top 5 Coins to Invest in Today
The post Top 5 Coins to Invest in Today appeared on BitcoinEthereumNews.com.
Crypto markets are regaining their strength, and the altcoins are being picked up by traders and investors who want quick profits. However, as Bitcoin flattens, there is a fresh wave of altcoins that have high short-term potential: XRP, Dogecoin, Shiba Inu, Pi Coin, and Little Pepe. The five coins are gaining momentum via technical patterns, ecosystem improvements, and high levels of community interest. XRP Eyes Breakout as Bulls Test $2.50 Resistance XRP has recovered to reach a point of $2.41, having been supported at an average of $2.19. It has a market capacity of 144 billion and a 24-hour trade volume of 2.76 billion. The one-hour chart indicates a distinct recovery structure, where a double bottom and high bottoms have been created since early October. Traders are closely watching the $2.45–$2.50 zone, which has acted as short-term resistance. A break and daily close over this point may lead XRP to reach the level of 2.60 or more. However, the price continues to trade at a lower position relative to major moving averages such as the EMA (10) at $2.47 and EMA (200) at $2.62. This indicates that the trend is yet to reverse in a greater time period. Source: TradingView The daily chart shows the bearish engulfing pattern from $3.00 is still weighing on sentiment. Dogecoin Rebounds After X Marketplace Launch Dogecoin jumped 5% to $0.20 after Elon Musk’s X launched a marketplace for unused usernames. The move sparked renewed speculation of Dogecoin integration for payments on the platform. Trading volumes rose to $4.6 billion, with open interest up by 10.62%, according to Coinglass. Despite the short traders still being on the high and the liquidation of 3.3 million being reported in the last 24 hours, despite the rally. The RSI of Dogecoin is around 40, which shows that the…
