r/CryptoCurrency Moons

Donut

Reddit

Yield

MOON

The post <a href="https://coinpedia.org/price-analysis/reddit-based-altcoins-that-can-yield-100-profits-this-week/">Reddit-Based Altcoins That Can Yield 100% Profits This Week!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The <a href="https://coinpedia.org/news/reddit-sets-ipo-price-valuation-hits-6-4-billion-what-to-expect/">Reddit </a>points tokens have gained massive attention from the crypto industry over the past few weeks. Despite it recording a correction of approximately 20% within the past 24 hours, Reddit-based tokens have displayed a notable run this month. 
At the time of writing, the market cap of this category was $57.102 Million with only 3 listed tokens on it.&nbsp; 
<h2 class="wp-block-heading" id="h-r-cryptocurrency-moons-moon">r/CryptoCurrency Moons (MOON):</h2> 
The MOON price traded in a closed range between $0.0927 and $0.166 for a brief period, following which the bulls regained momentum and successfully broke out of the resistance level. After this, the price traded between $0.166 and $0.257 for the next three weeks. 
Following this, the market volatility increased and the bulls recorded a jump of approximately 160% within hours, resulting in it gaining significant attention for the crypto market. After facing rejection at $0.5672, the price has been constantly trading under a bearish influence. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/mpamCjLWbMTJ9KBOk3AR7Jo_Ivgbu28-jNXMswS54W4TGXtSaTvbdZbjxn-UtJKdDwgarmDmpAAWMqcvHkbd-NSP7IUuLCTZArRgspgJDVEpfpCaK9UITQV4LqTDLoRQ889XoI2yJH4xxKqB0Crq4zc" alt="MOON Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: MOON/USDT
 </figcaption>
</figure> 
The Relative Strength Index (RSI) displays a neutral trend in the chart, suggesting a weak price action for the altcoin in the market. Further, the averages show a constant decline, suggesting uncertainty in the future price action for the token. 
If the market holds the price above the support level of $0.347, the bulls will regain momentum and prepare to retest its high of $0.760 this month. Conversely, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.166 in the coming time. 
Did you Know That: <a href="https://coinpedia.org/price-analysis/solana-based-meme-coins-wif-bome-and-bonk-face-sell-off/"> Solana-Based Meme Coins, WIF, BOME and BONK Face Sell-off</a> 
<h2 class="wp-block-heading" id="h-donut-donut">Donut (DONUT):</h2> 
Despite the Donut token recording a correction of 10% within the past 24 hours, the price has displayed a strong bullish movement over the past few weeks, indicating a positive outlook for the altcoin int he long-term perspective. Further, the DONUT price has added approximately 300% this year, resulting in it gaining significant attention for the crypto space. 
Positively, if the market holds the price above the support level of $0.020, the bulls will regain momentum and prepare to test its upper resistance level of $0.0350 by the month-end. Conversely, a bearish reversal may pull the price toward its low of $0.005 in the coming time. 
Also Read: <a href="https://coinpedia.org/price-analysis/amidst-the-reddit-ipo-craze-moon-and-donut-tokens-prep-for-a-bull-run/">Amidst The Reddit IPO Craze, MOON and DONUT Tokens Prep For A Bull Run!&nbsp;</a>

Reddit-Based Altcoins That Can Yield 100% Profits This Week!

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