Bitcoin pulls back as expected! The bull market is still here, 3 potential coins, who will stand out in the next wave of surge?
SHIB
Shiba Inu price is one of the hottest meme coins in 2021, and it still has huge upside potential considering its lackluster performance in 2024. According to Santiment, the net realized profit/loss (NPL) indicator fell sharply to -233 million SHIB, indicating capitulation.
Typically, capitulation events occur during severe downtrends, and holders panic sell. These points are a good reversal point, and buying on dips can bring huge gains. And pay attention to the decline in SHIB volume from 146 trillion to 141 trillion, with a net outflow of 5 trillion tokens.
DOGE
Dogecoin is the original meme coin, which has risen 350% in the past two months and is expected to rise further. With the 30-day MVRV falling to -22%, this is an opportunity that indicates that short-term holders are capitulating. This is the area where the price previously formed a bottom, leading to a reversal. Additionally, long-term holders tend to accumulate Dogecoin from long-term holder capitulation, which adds credibility to the bottom formation.
MOVE
The MOVE token has been in the spotlight for its outstanding performance. It has maintained a strong bullish trend since its debut on December 9. In the past 24 hours, MOVE has gained 9.18%, and the weekly growth rate is as high as 53.76%. Today, MOVE is priced at $1.15 and is close to breaking through the classic cup-and-handle pattern, which often indicates further gains.
On December 20, MOVE led the gains among the 100 largest cryptocurrencies, reaching an intraday high of $0.877 and a market value of nearly $2 billion at the close. The price surge was accompanied by a 63% increase in daily trading volume to more than $1.6 billion, which fully demonstrated the growing interest of traders.
