This is the result of a broader phase of market price correction.
Both Cosmos (ATOM) and Toncoin (TON) fell into the red zone on the weekly and monthly charts, worrying many investors and traders about their price prospects.
As a result, traders are turning to lesser-known gems or tokens that have high growth potential. One such token is Pullix (PLX), which has recently made significant progress with its blockchain ICO.
Cosmos (ATOM) Falls Below $10 Resistance: Can It Rise Again?
Cosmos (ATOM) is trading below the 20, 50, and 100-day EMAs, which resist the crypto price trend. Buyers are barely holding on to the 20-day EMA and if it breaks, Cosmos price could see a massive drop, depending on the selling pressure. Its value could fall further and even reach the demand zone in the flow.
Not everything is lost, as its RSI could soon surpass 50, and buyers could regain control if more of them accumulate the Cosmos cryptocurrency. The price could also continue its downtrend near the nearest support level. Over the past week, ATOM traded between $9.22 and $10.52. If it breaks above $11, according to Cosmos price prediction, it may end 2024 worth $16.46.
Toncoin (TON) Is Losing Its Bullish Momentum – Is There Any Chance for Recovery?
The data on the Toncoin (TON) chart suggests that the cryptocurrency is fading in terms of bullish momentum. While the price behind the Toncoin cryptocurrency saw a sharp rise over the previous month, it recently underwent a price correction phase.
The technical indicators on the charts imply that the price has fallen below the 50-day EMA, indicating weakness in momentum. However, Toncoin price is still above its 200-day EMA, suggesting that the positive trend may prevail in the long term. The forecast for the end of 2024 is quite optimistic, as according to the Toncoin price prediction, it is expected to rise up to $3.72.
Pullix (PLX) Surges with Pre-Sale Attention as Over 80 million Tokens Sold
Pullix (PLX) is increasingly gaining traction following its ongoing pre-sale. This innovative trading platform attempts to bridge the gap between CEX and DEX while providing users with a unique combination of both types of exchange.
It will address the liquidity challenges that have prevented the widespread adoption of these technologies, allowing it to stand out in the TradFi landscape. Pullix will also introduce advanced trading tools that enrich user profitability and order execution. Anyone can start trading on margin, gain access to institutional tools, and copy the most successful traders.
The project has sold over 80 million tokens and is now in stage 7 of the pre-sale. Here, a single PLX token is trading at just $0.10, and the pre-sale has raised nearly $5 million. At launch, analysts expect a 100x price increase.
In short, as Cosmos and Toncoin strive to reach new heights, all eyes are on the Pullix pre-sale. The platform will support features such as perpetual futures, CFDs, a secure cryptocurrency vault, a passive income lending protocol, and a DeFi and NFT launchpad. All these aspects position it as one of the best cryptocurrencies to buy now.
It is worth considering that before making major investment decisions, it is best to do your own research, as in the crypto world, volatility is a major issue.
By Audy Castaneda
