Smart Money Accumulating These 4 Coins While Retail Is Scared
Savvy investors are capitalizing on the market's current dip, quietly picking up promising cryptocurrencies. Amidst widespread fear and uncertainty, discerning buyers see potential. This article reveals four coins poised for growth that are catching the eye of the smart money. Discover the digital assets being accumulated right under the noses of hesitant retail traders.
Raydium Shows Potential Despite Recent Price Dip
Source: tradingview
Raydium (RAY) sees an uptick in its short-term outlook despite a rough month. It currently trades between $1.26 and $1.70, reflecting a slight improvement over the week. The first resistance point sits at $1.90, and breaking this could mean a rise of up to 12%. Another resistance level at $2.34 suggests a potential boost of over 35% if reached. With an RSI of about 56 and some technical indicators signaling strength, there's optimism in the air. Still, the coin battles the shadow of a months-long downward trend, as it lost more than half its value over the last six months. Nevertheless, there seems to be room for a comeback.
Ethena's Bumpy Road: What Lies Ahead for ENA's Price?
Source: tradingview
Ethena (ENA) is currently trading between twenty-nine and thirty-seven cents. Despite experiencing a slight drop in the past week, its one-month decline has been sharper, over thirty percent. The coin is hovering around its simple moving averages, indicating a period of consolidation. The nearest resistance is at forty-one cents. A move above this could see ENA aiming for forty-eight cents, marking more than a thirty percent rise from the lower end of the current range. However, support is at twenty-five cents, offering some cushion against further dips. The market’s mixed signals hint at potential growth, but only time will tell if ENA can break through these critical levels.
Hedera (HBAR) Shows Stability with Room for Growth
Source: tradingview
Hedera (HBAR) is currently priced between 15.8 and 19.5 cents. The coin is finding support around 13.9 cents, while resistance sits at 21.4 cents. If HBAR breaks through the resistance, it might aim for around 25.2 cents, marking a potential climb of over 25%. Recent trends show a slight rise of just over 2% last week, though it’s down almost 8% over the past month. With the RSI near neutral at 51.48, it suggests neither overselling nor overbuying. This stability hints at a balanced market sentiment, providing room for growth if momentum builds.
Pi Network's Price Dances in a Tight Range, Eyes on Possible Breakout
Source: tradingview
Pi Network's token, PI, currently oscillates between 20 to 25 cents. It clings to a steady path, facing a ceiling around 28 cents. Hitting this could lead it to soar toward the next barrier at 32 cents. A rise to the second level would mean roughly a 28% increase from its current position. But caution is key, as the coin's value has plummeted by around 69% over six months. The RSI stands neutral, hinting at a balanced market. Watchers speculate if PI can gather steam and clear these hurdles for a bullish run.
Conclusion
Smart investors are quietly buying RAY, ENA, HBAR, and PI as others pull back. This trend indicates strong confidence in the future potential of these coins. The accumulation by experienced traders suggests favorable long-term prospects. However, contrasting behaviors between experienced investors and the general market hint at differing perceptions of risk versus opportunity. The ongoing buy signals for these coins might reflect underlying strengths.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Investment Disclaimer
