2024 has been another excellent year for crypto enthusiasts, with many coins like Aptos (APT) giving good returns. At the same time, some coins, such as Dogecoin (DOGE) and Chainlink (LINK), have disappointed investors with their sluggish or bearish performance.
One notable development this year has been the exponential growth in emerging coins. Many high-potential coins have entered the crypto market; some have become leaders in their specific sectors.
Cutoshi (CUTO) is one of the top projects that emerged this year. There are few utility memecoins, but Cutoshi is one of them. Unique utilities and perfect market positioning have given CUTO an edge. This guide will investigate Cutoshi, and we’ll try to observe what’s happening around Aptos, Dogecoin, and Chainlink.
Aptos (APT) Retraces From 0.382 Fibonacci Level
It’s the tendency of trends to experience reversals from the nearest support regions. Aptos (APT) is seeing a similar phenomenon with its Fibonacci level retracing from the nearest well-traded level. Another point to note in Aptos is that the volume in the pullback from the upside has been below average, which means less seller participation.
The technical analysis indicates the strength of the APT price. April-May crucial levels will be influential here as the price trades around the same levels. The dense volume in the recent breakout also suggests bullish momentum in the price.
Can Dogecoin (DOGE) Restart The Bull Rally?
Dogecoin has performed poorly in the last six months despite being the memecoin leader. However, recently, it has broken the trendline resistance, crossing the $0.11 level. However, due to the Israel-Iran feud, DOGE is trading in the red again, with a weekly decrease of over 3.5%. According to the pocket pivot levels, R1 – $0.134 and R2 – $0.155 are near-resistance levels. Similarly, on the downside, S1 – $0.09 and S2 – $0.06 are major support levels.
Chainlink (LINK) Faces Resistance At April Support Zone
In the year-to-date timeframe, Chainlink has decreased by 25%. We can clearly assess Chinlink’s poor performance from these statistics. While other cryptos are trying to break out and sustain their breakouts, LINK is yet to break out from significant resistance zones. Currently, the support levels from April and June are working as barriers to price.
Chainlink’s price has decreased by 3.56% for the week, showing its usual market swings. LINK is trading below the 50-day- and 200-day EMAs, which have formed a bearish death cross. The price is also moving within a downward channel, indicating the bearish trend may continue.
Cutoshi (CUTO): Top ICO Project Of 2024
Major coins have struggled to hold their support regions in this high market volatility situation. While Aptos has performed well in the short term, Dogecoin and Chainlink still need to meet the expectations. Fund outflow from these coins has been moving into greater potential coins like Cutoshi (CUTO).
Cutoshi is a groundbreaking project that aims to give investors more financial freedom. It’s inspired by the traditional Chinese Lucky Cat and Satoshi Nakamoto, the creator of Bitcoin. The Cutoshi ecosystem offers useful tools like a multi-chain DEX exchange for easy asset swapping. It also includes the Cutoshi Farming protocol, which rewards users for completing quests.
Cutoshi University allows investors to learn more about trading and DeFi. Users can earn more CUTO tokens by completing simple tasks through participation in the farming protocol.
Experts have named Cutoshi one of the best projects this year. Cutoshi has already sold over $304,000 worth of CUTO tokens. With its rising potential, experts predict it could grow 50X after the token’s launch in different exchanges.
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