The post These 2 Meme Coins Could Tumble in the Coming Weeks, Steer Clear appeared first on Coinpedia Fintech News
Meme coins often experience significant price fluctuations as investors rotate profits and chase new trends. Currently, Dogecoin (DOGE) and Shiba Inu (SHIB) exemplify this volatile behaviour, both facing imminent declines in the coming weeks. DOGE has dropped over 21% recently and is struggling to maintain its support levels, while SHIB’s technical indicators and “Death Cross” suggest further bearish trends. Amidst these declines, MoonTaurus (MNTR) stands out as a notable exception.
Currently, in its presale phase at $0.01, MNTR has already raised over $300,000, reflecting strong investor interest. With a projected launch price of $0.07, MNTR presents a compelling opportunity for those looking to invest in a promising meme coin amidst the current market turmoil.
Dogecoin: Consolidation and Weakening Momentum
Dogecoin, once buoyed by high-profile endorsements, has struggled recently. The coin’s price has plummeted over 21% in the past month, now trading around $0.1038. In the last 24 hours, DOGE fell to an intraday low of $0.1014 before modestly recovering to its current price. This decline comes despite a recent tweet from Elon Musk, which typically boosts DOGE’s value. However, his influence seems to be diminishing, with DOGE remaining trapped in a consolidation phase between $0.0949 and $0.1074. A failure to break above $0.1074 could see DOGE testing lower support levels, potentially dropping to $0.0844.
Shiba Inu: Battling Bearish Trends
Shiba Inu faces its own set of challenges. The coin is grappling with a critical support level as its burn rate spikes by 1000%. Despite some bullish sentiment among traders, the overall trend remains bearish. SHIB’s chart displays a “Death Cross,” where the 50-day EMA crosses below the 200-day EMA, indicating a long-term downtrend. This pattern typically suggests further declines, making it a risky investment.
Current price predictions for SHIB are cautious. If the support level around $0.00001300 fails, the coin could drop to $0.00000998. However, if SHIB manages to break through resistance levels at $0.00001571 and $0.00001794, it might see short-term gains. The Stochastic RSI, currently in the overbought zone, suggests that SHIB is due for a pullback before any potential upward movement. Traders should consider these factors before committing to long positions in SHIB.
MoonTaurus (MNTR): A Strong Alternative
Amidst the struggles of DOGE and SHIB, MoonTaurus (MNTR) presents a viable alternative. Now in its second presale stage, MNTR is priced at $0.01, with a strong early performance raising over $300,000 in its initial phase. This presale phase has already sold 6.01% of the available tokens, indicating robust investor interest. The token’s launch price is set at $0.07, offering a potential return of 700% for those who invest at the current price.
MoonTaurus distinguishes itself with its strategic approach and solid financial metrics. The presale phases are structured to create scarcity and drive demand, ensuring that early investors benefit from substantial returns. The token’s total supply is fixed at 3 billion, adding to its appeal by limiting availability. The price is expected to rise as more investors buy in, benefiting those who act quickly.
The involvement of insiders from successful meme coin projects like Shiba Inu further bolsters the growing interest in MoonTaurus. These experienced investors are now backing MoonTaurus, a sign of confidence in its potential. Analysts predict MNTR could surge up to 3000% post-launch, reflecting its strong fundamentals and investor enthusiasm.
With Dogecoin and Shiba Inu facing declining trends and technical weaknesses, MoonTaurus (MNTR) is a promising investment opportunity. With its current presale price of $0.01 and a projected launch price of $0.07, MNTR offers substantial profit potential. Investors looking for a meme coin with strong growth prospects should consider MoonTaurus, particularly given DOGE and SHIB’s current challenges. As the crypto market changes, MoonTaurus represents a strategic choice for those seeking to capitalize on the next big opportunity.
Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus