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    Home - News - Top Analyst Foresees One Last Dip for Altcoins Before Fresh Rallies – 5 Best Alts to Buy the Dip
    News

    Top Analyst Foresees One Last Dip for Altcoins Before Fresh Rallies – 5 Best Alts to Buy the Dip

    Praveen JadhavBy Praveen JadhavAugust 21, 2024Updated:August 21, 20244 Mins Read
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    Top Analyst Foresees One Last Dip for Altcoins Before Fresh Rallies – 5 Best Alts to Buy the Dip
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    A leading expert anticipates a final drop in altcoin prices before a potential surge. As market volatility stirs, there’s chatter about which digital assets could emerge as the big gainers. This piece explores the top contenders for savvy investors looking to capitalize on the dip and position themselves for the next rally.

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    XRP’s Next Move: Will It Climb or Fall?

    XRP is trading in a tight range between $0.55 and $0.58. Its current indicators show mixed signals. The price is under the 10-day moving average of $0.60, suggesting slight downward pressure. But the 100-day moving average at $0.58 is a support. The RSI is neutral at 51.69, while the MACD is slightly negative.

    If XRP breaks past $0.60, it could head to $0.64, marking an approximate 10% rise. However, falling below $0.53 might push it towards $0.50. Recent week gains of nearly 4% show potential, but monthly performance is flat. Keep an eye on short-term resistance and support levels for clues.

    Ondo (ONDO) Sees Volatile Movement Amid Market Uncertainty

    Ondo (ONDO) has experienced a mixed performance, fluctuating between $0.65 and $0.75 recently. The coin has dropped by about 12% over the past week and nearly 38% in the last month. Even so, its 6-month growth stands at 54.77%. It faces resistance at $0.82 and $0.92, while holding support at $0.62 and $0.52.

    Indicators show ONDO below its short-term and long-term simple moving averages. Its relative strength index (RSI) of 44.09 and a stochastic of 38.16 suggest it’s neither overbought nor oversold. Considering the current trend and nearby resistance, ONDO could see modest growth or continued stabilization.

    Jupiter (JUP) Price Steadies, With Potential for Future Gains

    Jupiter (JUP) is currently valued between $0.71 and $0.83. Despite losing around 4.36% over the past week and dropping 27.92% this month, it has shown a promising 67.04% rise in the last six months. The coin is bobbing near its 10-day and 100-day moving averages of $0.79 and $0.77, suggesting current market consolidation.

    The coin faces resistance at $0.90 and $1.03 but has support at $0.65 and $0.53. Indicators such as RSI at 46.92 and Stochastic at 47.14 are in neutral zones, showing neither overbought nor oversold conditions. All this points to potential growth if it breaches its resistance levels, possibly rising by 24% if it hits the $1.03 mark.

    Turbo (TURBO) Price Uncertainty: Could It Rise or Falter?

    Turbo (TURBO) is in a tight spot, with its price hovering between $0.0037 and $0.0045. The coin is battling a downturn, showing a staggering monthly loss of over 44%. Today’s price barely remains above the 10-day and 100-day moving averages of $0.0041.

    The crypto needs to surpass the $0.0048 resistance level to rally, but if it fails, it could drop to $0.0033 or lower. TURBO’s low RSI at 36.42 and its sluggish MACD signal a bearish trend. However, its impressive six-month growth hints at latent potential if market sentiment shifts.

    Conclusion

    XRP, ONDO, JUP, and TURBO may see less action in the short term. However, CYBRO, a technologically advanced DeFi platform, offers investors unparalleled opportunities to maximize earnings through AI-powered yield aggregation on the Blast blockchain.

    With features like lucrative staking rewards, exclusive airdrops, and cashback on purchases, CYBRO ensures a superior user experience characterized by seamless deposits and withdrawals. Emphasizing transparency, compliance, and quality, CYBRO stands out as a promising project with strong interest from crypto whales and influencers.

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    Also Read: 4 Token Unlocks You Can’t Afford to Miss Next Week

    Disclaimer and Risk Warning

    This article is a sponsored press release meant solely for informational purposes. OvenAdd neither endorses nor takes responsibility for the content, quality, products, advertising, or accuracy of any materials within this article. The views expressed do not represent those of OvenAdd and should not be considered legal, tax, investment, or financial advice. Readers are advised to conduct their own research before making any significant decisions.

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    Praveen Jadhav
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    Praveen got into the world of cryptocurrency in 2017 by trading and investing. With a wealth of experience managing various crypto-related projects, Praveen is deeply passionate about all aspects of cryptocurrency, blockchain, Metaverse, and NFTs.

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