Trader Who Made a Fortune From Shiba Inu in the Last Bull Run Now Shifts Focus to These Cryptocurrencies

A notable trader who struck it rich with a strategic bet on Shiba Inu during the last market surge is now turning attention to a new set of cryptocurrencies. As the bull run of 2024 gains momentum, this investor's choice might signal important trends. The article sheds light on which cryptocurrencies are now in focus and why they matter.

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Dogwifhat Price Movement: A Tale of Volatility and Trends

Dogwifhat (WIF), after peaking in the last six months, is currently experiencing a downward trend. Over the past week, the coin's value has decreased by roughly 13.44%, with a more significant fall of 41.06% over the last month. However, it has still managed to climb by 95.21% over the previous six months. Presently, the price fluctuates between $2.32 and $3.27, with the coin's movements showing more corrective nature than impulsive.

Looking ahead, WIF's price prediction presents a mixed scenario. The optimistic view draws from the impressive six-month growth, hinting at underlying strength. The cautious perspective, however, points to recent declines and indicators like the RSI and MACD suggesting a potential for further correction. If WIF can cross the nearest resistance at $3.89, it could aim for the second resistance level at $4.86, yet a fall below the support at $1.98 may test the lower support at $1.02.

Insights on Bonk (BONK) Crypto's Price Momentum

Bonk is currently priced between $0.00002 and $0.00003. Over the past week, its value has grown by 16.71%. However, looking at the past month shows a 12.63% drop. But coming out wider to a six-month view reveals an impressive 2641.14% jump. The price seems to be in corrective moves as it's below the 100-day moving average, and indicators like the RSI and Stochastic suggest it is not overbought.

BONK could go up if it breaks past the $0.00003 resistance. If it passes this, the next target is $0.00004. Its solid growth in six months offers hope. But, it needs to stay above the $0.00001 support or it might fall further. With an RSI under 40, there's room for growth, but the low MACD suggests caution. Remember, the crypto market is uncertain and BONK's recent gains don't guarantee future success.

Pepe Crypto Performance Lingers in a Low Range

Pepe (PEPE) coin has seen various changes recently. Initially, it's in the price range of $0.00000593 to $0.00000849. Over the past week, the value has increased by 1.62%, yet it dropped 14.12% in the past month. Looking at a broader timeline, the past six months show a significant jump of 486.79%. Current movements suggest price adjustments rather than a strong trend in either direction.

Given PEPE's current state between support at $0.00000465 and resistance at $0.00000977, the future price is hard to pin down. Some optimism stems from the substantial gains over half a year, hinting at potential for growth. Yet, caution is due to the recent monthly decline. Forecasting PEPE's price requires balancing the recent uptick, the monthly dip, and the overall tendency for high swings.

Conclusion

The trader who once made substantial gains with Shiba Inu is now focusing on other cryptocurrencies like WIF, BONK, and PEPE, which have shown promise. However, these options may offer limited short-term growth. BlastUP stands out as the most promising among these coins, primarily due to its innovative concept and its position within the Blast ecosystem, which could lead to significant potential in the ongoing bull run.

Site: https://blastup.io/
Twitter: https://twitter.com/Blastup_io
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Telegram: https://t.me/blastup_io
Source: https://thebittimes.com/trader-who-made-a-fortune-from-shiba-inu-in-the-last-bull-run-now-shifts-focus-to-these-cryptocurrencies-tbt87022.html