Investors Look Forward Next Big Move from These 5 Cheap Altcoins Under 1$

Undervalued Altcoins with Potential for Growth

Cryptocurrency enthusiasts are on the lookout for the next potential breakout stars. This article presents five undervalued altcoins, each priced below $1, that could be poised for significant growth:

TRON (TRX)

TRON has been showing stability around $0.15. While it has experienced a modest weekly gain, its RSI of 40 indicates some bearish pressure. A breakout above $0.16 could trigger a 6% rise to $0.17. However, if selling pressure intensifies,TRX may fall to $0.14 or even $0.13.

Stellar (XLM)

Stellar's price is hovering between $0.09 and $0.10, lacking momentum. To demonstrate growth potential, it needs to cross the resistance at $0.10. This could lead to a 13% climb. However, Stellar faces challenges regaining lost ground after recent declines over various timeframes.

Dogecoin (DOGE)

Dogecoin's price oscillates between $0.095 and $0.11. Its RSI of 52 indicates balanced market forces. While it has posted a small gain over the week, its long-term performance has been negative. To maintain an uptrend, DOGE must overcome resistance near $0.12.

Shiba Inu (SHIB)

Shiba Inu has been experiencing volatility, trading within a narrow range around $0.000013. The price is below both the 10-day and 100-day moving averages, suggesting a potential bearish trend. SHIB faces resistance at $0.00001465 and $0.00001583, with support at $0.000012.

Kaspa (KAS)

Kaspa is encountering resistance at $0.20, hovering between $0.15 and $0.18. Its low RSI and bearish MACD trend indicate a potential sell-off. However, a monthly gain suggests long-term growth prospects. If buyers emerge, KAS could reach $0.23, marking a 30% increase.

Conclusion

These five altcoins - TRON, Stellar, Dogecoin, Shiba Inu, and Kaspa - offer promising potential for investors despite their current low prices. With the potential to overcome resistance levels and deliver significant gains, these altcoins are worth monitoring for future upward movements.