- Hedera faces a 43% drop over six months but could rise 30% if it surpasses resistance.
- Notcoin maintains a strong upward trend with a 293.49% increase over six months.
- Pepe gains 81.14% over six months, with a bullish outlook for continued growth.
Hedera (HBAR), Notcoin, Pepe, Terra Classic, and NEIRO are making headlines in the crypto market, each displaying unique price movements and potential opportunities. While some coins show signs of struggle, others are riding strong upward trends. In this market analysis, we explore how these cryptocurrencies are faring, their recent performance, and what the future may hold for investors keeping an eye on these assets. From Hedera’s potential recovery to NEIRO’s exciting prospects, these tokens reveal the diverse landscape of the current cryptocurrency market.
Hedera(HBAR) Shows Potential for Recovery Despite Struggles
Current price:$0.04997
Market cap:$1.88B
The Hedera (HBAR) has given mixed signals in the market and oscillated between $0.0485 and $0.0609. However, while the price is down by almost 4% in a week and 2% for the month, early signs of a rebound are emerging. The token was down by 43% in the last six months, however, some fundamentals suggest the token may have been oversold. This view is in line with the readings below; a positive possibility of a surge if the token crosses the $0.0678 high. This will propel Hedera to $0.0801, a 30% rise from the current prices if there is a major development. On the other hand, if support cannot be sustained above $0.0430, then the declines should be expected to continue.
Notcoin(NOT) Continues Steady Growth With 293% Six-Month Surge
Current price:$0.007635
Market cap:$783.72M
Notcoin (NOT) has demonstrated impressive growth, rising by 293.49% in the past six months. Over the past week, it increased by 3.68%, and for the month, it grew by 1.87%, maintaining solid upward momentum. Currently, Notcoin is trading between $0.0066 and $0.0091. The 10-day moving average is $0.0077, slightly above the 100-day average, pointing to short-term bullish sentiment. With an RSI of 67.08, the coin is nearing overbought territory, but it continues to show positive momentum with a strong MACD reading, suggesting further potential for gains.
Pepe(PEPE) Gains Momentum With 81% Growth Over Six Months
Current price:$0.000009489
Market cap:$3.99B
With PEPE being another dog coin, Pepe has seen massive fluctuations in price and is currently up by 81.14% sentiments for the last six months. The cryptocurrency has gone up even in the last month, recording an increase of 36.16% with a weekly trading volume increasing by 4.90%. The current price range of PEPE is $0.000008557 – $0.00001170, and technical aspects also supports its bullish trend. There is a minor transition between the 10- SMA and the 100- SMA whereby the 10- SMA is slightly higher than the latter and the RSI stands at 59.48% which means more room for the stock to grow before it gets fully overbought.
Terra Classic(LUNC) Sees Price Decline But Hints at Possible Recovery
Current price:$0.00008628
Market cap:$491.57M
Terra Classic (LUNC) is trading within a narrow range of $0.0000799 to $0.0001002, showing mixed signals. Over the past week, the cryptocurrency fell by nearly 4%, and it has dropped by over 23% in six months. However, with the RSI sitting at 34.32, Terra Classic is approaching oversold conditions, hinting at a possible rebound. If it breaks through the $0.0001105 resistance level, the price could rise to $0.0001309, representing a 30% increase. On the downside, failure to hold support could trigger further declines.
NEIRO($NEIRO) Makes Waves as a Potential Next Big Crypto Player
Current price:$0.002071
Market cap:$871.40M
NEIRO ($NEIRO) has the potential to draw attention to the crypto market and it has a total of 1 billion tokens. Aspects that make it quite unique include; community-based effort, no buy/sell fee, and missing out on team tokens. Its nearly identical market introduction to Dogecoin has convinced some of it being potentially one of the major coins in the up-coming bull trend. As in the case in 2021 when new altcoins started performing well, NEIRO has attracted investors who are on the hunt for the next big thing in the cryptosphere.
The post New Crypto Coins to Invest in October 2024: Terra Classic and Hedera’s Recovery Outlook appeared first on Crypto News Land.
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